A buyer's tip that could save you lots of $!

Nelson · 17-02-2007, 01:47 AM

If you are a couple moving over, when you buy your first home, buy it in only one of your names and use their First Home Buyer's Grant entitlement for that house. If you then buy a subsequent or second home, the 'other half' can use their entitlement for that one. If you buy jointly to start off, you use both of the entitlements in one go and ultimately 'share' the benefit.

dwaldron · 17-02-2007, 10:11 AM

Except you cannot claim the grant if your spouse/partner has already owned & occupied a home before or if your spouse/partner has claimed the grant before, so you cannot do this.

Nelson · 17-02-2007, 02:15 PM

A First Home Buyer's Grantwould suggest the exclusion of those who already had owned a home. My suggestion is valid.

dwaldron · 17-02-2007, 06:54 PM

Just in case somebody drifts across the thread, I would suggest that they read the conditions of the scheme at http://www.firsthome.gov.au/ before contemplating such a course of action.

Nelson · 17-02-2007, 11:06 PM

:oops: I humbly apologise!