All Topics / Help Needed! / FHOG and stamp duty – Converting PPOR to IP

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  • Profile photo of willdbcwilldbc
    Member
    @willdbc
    Join Date: 2004
    Post Count: 11
    January 31, 2005 - 10:10 am

    If you live in your PPOR for less than 12 months, move out and rent it, would you have to pay back your FHOG? On the same note, would you be up for more stamp duty if you changed your PPOR to an IP too quickly as well.
    Cheers,
    Will

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    January 31, 2005 - 10:20 am

    You need to occupy it for 6 months starting within the first 12 months of ownership.

    Check my website for links to the different state requirements.

    Simon Macks
    Interest Free Home Loan Agent
    [email protected]
    0425 228 985

    Please email me rather than using the PM service here.

    Fully Accredited With Derivex LTD and IFHL PTY LTD

    ***Ask about our Interest Free Home Loan***

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of willdbcwilldbc
    Member
    @willdbc
    Join Date: 2004
    Post Count: 11
    January 31, 2005 - 1:32 pm

    Cheers for that Simon. Perfect. By the way, how do those Derivex loans work again? Just kidding mate[biggrin].

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