Chortlepuss Posted September 12, 2016 Share Posted September 12, 2016 Does anyone know if owning a property overseas precludes buyers in QLD from the first time owners grant? Can't see it anywhere in the rules...mortgage advisors have told us we'd be eligible for this and the guidelines apply to 'property in Australia only' but has anyone direct experience of this? Link to comment Share on other sites More sharing options...
Ginger1002 Posted September 12, 2016 Share Posted September 12, 2016 Does anyone know if owning a property overseas precludes buyers in QLD from the first time owners grant? Can't see it anywhere in the rules...mortgage advisors have told us we'd be eligible for this and the guidelines apply to 'property in Australia only' but has anyone direct experience of this? We had owned homes in the UK prior to moving to Australia in 2006 and we were given the first home owners grant when we built our house in 2008. Link to comment Share on other sites More sharing options...
calNgary Posted September 12, 2016 Share Posted September 12, 2016 The grant is for your first Australian property, regardless of if you have owned one elsewhere. Cal x Link to comment Share on other sites More sharing options...
ramot Posted September 12, 2016 Share Posted September 12, 2016 My son was refused in QLD 3 years ago, had owned a property in Uk. Goodness knows if that was right!! Perhaps there are different rules for existing properties rather than new build? His was an existing property in Brisbane. Link to comment Share on other sites More sharing options...
itegoa Posted September 12, 2016 Share Posted September 12, 2016 Does anyone know if owning a property overseas precludes buyers in QLD from the first time owners grant? Can't see it anywhere in the rules...mortgage advisors have told us we'd be eligible for this and the guidelines apply to 'property in Australia only' but has anyone direct experience of this? https://firsthomeowners.initiatives.qld.gov.au/ Link to comment Share on other sites More sharing options...
lp77 Posted September 12, 2016 Share Posted September 12, 2016 Used to be any home now only newly constructed.. Link to comment Share on other sites More sharing options...
Chortlepuss Posted September 12, 2016 Author Share Posted September 12, 2016 Thx! Unlikely we'll be buying a new home so pretty academic... Link to comment Share on other sites More sharing options...
paisleylass Posted September 12, 2016 Share Posted September 12, 2016 It's just the first time buyers stamp duty concession that excludes anyone who ever owned a house anywhere in the world. We recently bought an established house and got no concessions for being first time buyers, though we got an owner-occupier discount on stamp duty which was still extortionate! Link to comment Share on other sites More sharing options...
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