I know this reply is a little late but if it helps good. Agreeing with everyone so far yes you have to have the property for 12 months and a day with the dates calculated from the day you sign the agreement regardless of settlement dates to be entitled to the 50% deduction. Also you are able to claim on every cent you put towards the property ie.…[Read more]

That answers my question, Thanks Rod

Keep up the good work I am only just rediscovering this wonderful world of investing and every bit of info helps.

Cheers

chris

Thanks

Do you own any IP interstate if so is it still in the 5% – 10% range? How reliant on the managers are you and how often should I check my properties myself?

chris

Thanks to everyone for the help!

I am happy to know that I can still use the FHOG at some later stage and can still buy some IP’s first.

(Thanks for the link simon I’ll check it out)

Chris

Thanks Simon

As I have no intention of actually living in the property, even for three months. Is it a safe bet to say I can not use the FHOG for the IP? Also if I do purchase an IP and not live in it does that purchase or further IP purchases make me ineligible for the FHOG when I want to buy a HOME.

Chris

Thanks Rie,

Ive tried the website and it is very useful
cheers![]