Forums / Getting Technical / Legal & Accounting / First Home Owner Grant + Investing

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  • Profile photo of jarredkjarredk
    Participant
    @jarredk
    Join Date: 2017
    Post Count: 1

    Hi all

    Not sure if there is a topic about this already or anyone has any examples/people whom I can contact.

    As a first-time property investor, I’m keen to get the FHOG grant down the track where I can, there are stories popping up all over of investors that have purchased multiple investment properties but can access the FHOG grant down the track:

    https://www.domain.com.au/news/investors-can-own-multiple-properties-but-still-be-eligible-for-firsthome-buyer-benefits-20170822-gy1l0c/

    This might be possible if all properties are purchased in a trust for investment purposes and individual homes for living in/occupying are purchased under my own name? Specifically looking for VIC, SA or TAS related information/professionals that can assist.

    If anyone knows anything or can send any links my way that would be great.

    Thanks

    Jarred

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Doesn’t need to be in a trust – the ‘loophole’ is that the definition is something around never owning a property you’ve resided in, so you can still buy investments but claim the FHOG at a later date.

    This is very common and have had clients use this strategy for years without issue.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

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