Jump to content

Recommended Posts

1 hour ago, Aussiebird said:

We won't be buying any time soon in Australia.  We have only just arrived in Perth (15th) and unfortunately the sale of our home in the UK was meant to complete on the 7th September but the client concerned of our buyer failed to complete and has now been served notice by our solicitor.  2 more dates were meant to have completed but each time failed again. If no completion has taken place by lunchtime on Monday then the contract will rescind and we will have to put our home back on the market.

We have been through hell these last few weeks and never, ever thought we would have to deal with this on top of moving abroad. There has been many tears, anger and frustration and we now face the prospect of having to reinstate our direct debits in the  UK just so we can pay for our home sitting empty, plus storage costs of our belongings in Perth.  Our dream of buying our first home in Australia is long gone, now we have a tough time ahead, having to wait until we are out of quarantine at the end of the month, to find work fir the both of us. On the upside, we have family we can stay with, but not for ever.

We are happy to be back in Australia,  but no excitement due to our home not completing.😭😭😭😭😭🎂

Good to hear that you finally got back but it definitely sucks about the house sale. Same thing happened  to us but we were selling dad's house. Took another 3 months for us but we renegotiated with the same buyer and took a huge hit. Just as well we did because dad died the week after we completed otherwise we would have been in all sorts of trouble with selling as executors and paying for things whilst it was empty etc etc. Hope it all goes through. 

  • Like 1

Share this post


Link to post
Share on other sites
On 26/07/2020 at 00:48, DukeNinja said:

Also I believe that if you have owned property anywhere in the world, you cannot access the first time buyer discount.

Not true. It's only if you have never owned in Australia. 

  • Like 1

Share this post


Link to post
Share on other sites
On 26/07/2020 at 19:02, ramot said:

My son was here today so I asked him. Now I know nothing about this, but he said that it had something to do with claiming tax for renting out his UK house for 6 years. Reckoned he went into it thoroughly at the time, and it’s all water under the bridge now, if he was given the wrong information. We were refused in 2003 but we weren’t PR and thought if we don’t ask we won’t get!

While it might be water under the bridge, that link suggests it might be worth digging out the contract if it was a new home and retrospectively applying as it specifically says old contracts may be eligible?

Potentially an easy keyboard-based $15K?!

Edited by DrDougster
text
  • Thanks 1

Share this post


Link to post
Share on other sites

Each state has it's own rules. For instance we are looking at NSW and these are rules in place today according to the NSW government site

Eligibility

To be eligible

  • you must be an individual (not a company or trust) and over 18 years old
  • you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • you or your spouse must not have previously:
    • owned or co-owned property in Australia
    • received a first home owner grant in Australia

Whereas the QLD rules are (taken from the QLD website)

Eligibility

To be eligible for a first home concession when you buy or acquire a home, you must:

  • have never claimed the first home vacant land concession
  • have never held an interest in another residence anywhere in Australia or overseas
  • be at least 18 years of age (we explain below when we may waive this requirement)
  • move into it with your personal belongings and live there on a daily basis within 1 year of settlement
  • not dispose (sell, transfer, lease or otherwise grant exclusive possession) of all or part of the property before you move in
  • be paying market value if the residence is valued between $500,001 and $549,999.

So you might be getting some confused answers from people who bought in other states where the rules are different

Share this post


Link to post
Share on other sites
On 30/10/2020 at 06:15, Canada2Australia said:

Not true. It's only if you have never owned in Australia. 

Depends on the state in which you are buying!

Share this post


Link to post
Share on other sites
On 30/10/2020 at 21:01, DrDougster said:

While it might be water under the bridge, that link suggests it might be worth digging out the contract if it was a new home and retrospectively applying as it specifically says old contracts may be eligible?

Potentially an easy keyboard-based $15K?!

Wasn’t a new home

Share this post


Link to post
Share on other sites
18 minutes ago, Ausvisitor said:

Whereas the QLD rules are (taken from the QLD website)

Eligibility

To be eligible for a first home concession when you buy or acquire a home, you must:

Which Queensland website?  Because this Queensland Government website  on eligibility (below) states:

Quote

Previous home ownership

You or your spouse must not:

  • currently own property in Australia that you live in
  • have previously owned property in Australia that you lived in

https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/qld-first-home-grant/apply-first-home-grant/first-home-check-eligibility

Share this post


Link to post
Share on other sites

As I mentioned previously, there are two different types of First Home buyer concession. 

Skani’s link refers to the First Home Grant eligibility in Qld but Ausvisitor’s refers to the Qld Transfer Duty concession. Different concession, different rules.

 

  • Thanks 2

Share this post


Link to post
Share on other sites
On 04/11/2020 at 21:35, NickyNook said:

As I mentioned previously, there are two different types of First Home buyer concession. 

Skani’s link refers to the First Home Grant eligibility in Qld but Ausvisitor’s refers to the Qld Transfer Duty concession. Different concession, different rules.

 

We just bought, and had to pay the full stamp duty rate as we previously owned property in the UK.


IELTS : 13/08/16: W8 S8 L9 R9. F2w ID Check/Rcvd: 15/08/16, 23/08/16 HCPC/SoR CoGS sent: 23/08/16. Skills Ax sent/Rcvd/granted: 30/08/16, 12/09/16, 10/10/16. AHPRA sent/AIP : 05/09/16, 28/12/16. EoI/invited: 20/1/17, 01/02/17. 189 submitted: 06/02/17, Caseworker: 23/02/17. Medicals: 31/03/17. Grant: 12/04/17. Child 101 submitted: 09/06/17. Granted: 06/07/17. Landed: 01/09/17.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×