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Urgent help requested on First Home Buyer Grant

Urgent help requested on First Home Buyer Grant

Old Oct 10th 2007, 5:16 am
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Default Urgent help requested on First Home Buyer Grant

Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.

I have previously owned a property in the UK but my wife hasn't owned anything anywhere.

We are still eligible for the grant - right?

Thanks!
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Old Oct 10th 2007, 5:20 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by windsordave View Post
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.

I have previously owned a property in the UK but my wife hasn't owned anything anywhere.

We are still eligible for the grant - right?

Thanks!
You are eligible for the grant if you have never owned a property in AUSTRALIA.

Owning a property in the UK or anywhere else does not matter.

Hope that helps,
Mark.
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Old Oct 10th 2007, 5:22 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by windsordave View Post
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.

I have previously owned a property in the UK but my wife hasn't owned anything anywhere.

We are still eligible for the grant - right?

Thanks!

yep, we were home owners in the UK but have only just bought our first Australian home and we were given it.
S xx
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Old Oct 10th 2007, 5:47 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by Streaks View Post
yep, we were home owners in the UK but have only just bought our first Australian home and we were given it.
S xx
And also just to add that one of you has to be either an Australia citizen or permanent resident.
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Old Oct 10th 2007, 5:47 am
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Default Re: Urgent help requested on First Home Buyer Grant

Thank you all! What did people do before the internet and the BE forum????

Moving to the Redlands in less then a month!

Hoorah!
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Old Oct 10th 2007, 6:27 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by windsordave View Post
Thank you all! What did people do before the internet and the BE forum????

Moving to the Redlands in less then a month!

Hoorah!
Someone correct me if I'm wrong, but don't you have to be also resident in Australia to qualify?
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Old Oct 10th 2007, 6:32 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by Dorothy View Post
Someone correct me if I'm wrong, but don't you have to be also resident in Australia to qualify?
That is correct... I assume he is moving from a rental in Australia.
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Old Oct 10th 2007, 6:55 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by Dorothy View Post
Someone correct me if I'm wrong, but don't you have to be also resident in Australia to qualify?
As I said above, you have to be an Australian Citizen or have PR to qualify.
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Old Oct 10th 2007, 7:25 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by windsordave View Post
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.

I have previously owned a property in the UK but my wife hasn't owned anything anywhere.

We are still eligible for the grant - right?

Thanks!
You can also get another $2000.00 if your house was under $400.000 as well..you dont get it in your hand but knocked off your mortgage..

Steve
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Old Oct 10th 2007, 10:14 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by sassie View Post
As I said above, you have to be an Australian Citizen or have PR to qualify.
I know but there are lots of people who have simply validated but don't actually live here. We're in the process of applying for mortgages, first homeowner grant, etc and had to show not only our PR visa but proof of residency.
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Old Oct 10th 2007, 11:11 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by windsordave View Post
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.

I have previously owned a property in the UK but my wife hasn't owned anything anywhere.

We are still eligible for the grant - right?

Thanks!

Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.
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Old Oct 10th 2007, 11:22 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by paulhill View Post
Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.

are you sure about that?, oh well, i've never owned a home anywhere in the world then if thats the case
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Old Oct 10th 2007, 11:30 am
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by paulhill View Post
Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.
No you don't. We've owned property in Canada and won't have to pay stamp duty.
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Old Oct 10th 2007, 12:36 pm
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Default Re: Urgent help requested on First Home Buyer Grant

Originally Posted by paulhill View Post
Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.
This is new to me. I'd thought stamp duty exemption is based on
the price of the property. In Queensland, property below $250,000
is exempt from stamp duty.
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Old Oct 10th 2007, 1:13 pm
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Default Re: Urgent help requested on First Home Buyer Grant

I will try to clear up the confusion...

The first home owners grant is a federal grant so is applicable nation wide. You are eligible if you have not owned a home in Australia only.

Stamp duty however is dictated at state level.

In QLD, for example, in order to qualify for the first home owners rate, the criteria extends to owning a property anywhere in the world.

However in WA, the criteria falls in line with the first home owners grant...i.e. in Australia only.

Each state is different in this regard.

Hope that helps,
Mark.
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