yep kingy - I thought that would be the case, but apparently...

  1. 1,694 Posts.
    yep kingy - I thought that would be the case, but apparently not....or there are legit ways to get around this.
    http://www.homeloanadvicecentre.com.au/loans/firsthomebuyer.php?gclid=CPzGnayzi6ICFQMXewodTw1fTg


    First home owners grant

    The government gives you the First Home Owners Grant in the form of cash to add to your deposit and this is usually paid at the time of property settlement. The property you buy must be an owner occupied property and legislation introduced in 2004 requires you live in the property for a period of at least 6 consecutive months commencing within the first 12 months after purchase. Therefore, there is some flexibility in complying with this legislation and you still may qualify if you

    decide not to live in the property straight away or alternatively


    live in it for six or more months and then rent it out following that.
    The First Home Owners Grant application can be submitted up to 12 months after the property purchase has settled however Home Loan Advice Centre usually recommends you request that your chosen lender arrange this up front for ease and simplicity. This is done at the lenders discretion.

 
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