I’ve bought an investment property 2 years back and it is rented since day 1.
I never lived in that property.
Now, I’m planning to buy a property for living and some of my colleagues mentioned that, I’m still eligible for “first home buyers” benefits, as I’ve not lived in my investment property.
My investment property is in Sydney and am planning to buy another property in Sydney for living.
Could you please let me know, if I’m eligible for “first home buyers” benefits after having an investment property?
Thanks in advance,
AshJaxonParticipant@jaxonaJoin Date: 2014Post Count: 282
you or your spouse (including de facto spouse) have never held a relevant interest in any residential property in Australia prior to 1 July 2000
But if you own a property your not compliant, its only on the first purchase, did you receive stamp duty waive off your IP?
(to be fair the wording on the NSW website isnt that clear)IllusivedreamsParticipant@illusivedreamsJoin Date: 2018Post Count: 4
Ash no go .
Only get 1 chance on first purchase.
We didn’t claim any waivers, as property costed us $850,000.
And in 2016, first home buyers benefits were only for newly constructed house/units.
The one I bought was 40 yrs old.
Will solicitor be able to put some light on this? or is it Accountant? or Mortgage broker?TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
Will solicitor be able to put some light on this? or is it Accountant? or Mortgage broker?
A lawyer as it relates to the First Home Owner Grant legislation and duties act. You can look these up yourself too.