All Topics / The Treasure Chest / 1st Home Owners vs Trust Fund

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  • Profile photo of JustinJustin
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    @justin
    Join Date: 2003
    Post Count: 18

    Hi all,
    Hope you can help with this, I would appreciate any thoughts.
    Is it better to buy a home valued at less than $150K using the first home owners grant of $7K, OR, should we put it straight into a family trust which is already set up and benefit that way? We are looking for a reno job so it will probably be sold after 12 months, and we have a relatively low income of approx $25,000 pa.
    I’m assuming that you can’t get the first home owners grant when a trust is buying a property rather than a person.
    Cheers,
    Justin x

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