Hi, there is actually a lengthy article regarding this in the latest edition of 'Aus Property Investor' magazine which you can pick up from the newsagent for $8.95. It has a website at the bottom of the article to go to for further help http://www.sro.vic.gov.au
Thanks Beaniemonster, I have just finsihed reading the article, it is fairly genral, very broad, non specific, the sro site, has things all over the place, I will keep looking and keep those interested posted. Cheers
To be eligible to receive the grant, the following criteria must be satisfied:
You and your spouse/partner must not have received a grant in any State or Territory of Australia.
You and your spouse/partner must not have owned residential property, either jointly, separately or with some other person prior to 1 July 2000, in any State or Territory of Australia
You and your spouse/partner must not have occupied for a continuous period of at least 6 months, a residential property in which either of you acquired a relevant interest on or after 1 July 2000 in any State or Territory of Australia.
You must be a natural person (not a company) and at least 18 years of age at the time of settlement or completion of construction
The bold section is the key. It allows you to hold any property after July 2000 as long as you never live in it.