- mat27177Participant@mat27177Join Date: 2010Post Count: 13
As a first home buyer, is it possible to rent out the property straight away?
I have been told that you have to live in the property for the first year if it is your first purchase. Is this true?bigdellParticipant@bigdellJoin Date: 2013Post Count: 20
That is true to retain the first home owner grant you are required to live in the house for a minimum of 6 months in the first 12 months however if you are in QLD the grant no longer applies to buying already established homes (I'm not sure about other states) but if you need more information for QLD, the office of state revenue should have some answers for you.
Hope this helps!Mick CParticipant@shapeJoin Date: 2010Post Count: 1,099
You are required to live in the house for a minimum of 6 months in the first 12 months. So no you don't need to move in straight away; however there are Capital gain benefit ( and the 6 years rules) that you may have to weigh up and consider.bigdellParticipant@bigdellJoin Date: 2013Post Count: 20
What's this "6 years rules" you talk about?Jamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069
Not sure if this is the most up-to-date info but gives you an idea of what it's about.
JamiePLCParticipant@plcJoin Date: 2012Post Count: 400