Wednesday, March 9, 2011

I Owned A Block Of Land, Do I Still Qualify For The First Home Owners Grant?

This is an email question from Peter in Ferndale. The questions asks, I have previously owned a block of land, which was for investment, I have never brought a home to live in, would I still qualify for the first home owners grant?

Well the good news for Peter is, more than likely yes, you would still qualify for the first home owner’s grant in Western Australia. If Peter didn’t claim the first home owner’s grant, when he bought the land, and have never owned a property he has lived in, you would more than likely still qualify for the first home owners grant.

You may still qualify the first home owners grant (FHOG), if you own, or have previously owned an investment property, provided you have never lived it that property, or claimed the FHOG.

The above scenario may not apply to everyone, so it is certainly worth checking, if you are unsure whether you qualify for the first home owner’s grant. A good mortgage broker should be able to determine whether you still qualify for the FHOG. You can also contact the office of state revenue. Their information can be found at the government website, http://www.firsthome.gov.au/

If you have any comments, please leave them below. If you would like more personal mortgage information, please contact us time.

No comments:

Post a Comment