QLD Brisbane - advice required

Discussion in 'Where to Buy' started by alex_golovan, 7th Feb, 2018.

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  1. alex_golovan

    alex_golovan Member

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    @Jamesaurus FHOG is only for new properties, you need to check that. Also you filled out the quick checklist - it does not cover all situations. Fill out the full checklist - the link will be provided under the results.

    I repeat again - if you go to Applying for a first home owner grant | Homes and housing | Queensland Government you will see this:

    If you have owned an interest in residential property since 1 July 2000 that has been solely used for investment purposes, you may be eligible for the grant on a subsequent property.
     
    MyPropertyPro likes this.
  2. MyPropertyPro

    MyPropertyPro REBAA Buyer's Agents Sutherland Shire & Surrounds Business Member

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    I only think there are more concessions if the home is a new build, but the grants vary from state to state anyway and change all the time. Unless rules have changed, I'm fairly certain that owning established property and multiples of them do not preclude it.

    This article was from mid-last year and has some fairly good sources/quotes in it but as always, go straight to the source and is call the OSR in your state.

    Loophole entitles investors to first-home benefits
     
    Last edited: 9th Feb, 2018
  3. Jamesaurus

    Jamesaurus Well-Known Member

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    For 400k in Brisbane I'd be thinking townhouse in Sunnybank Hills personally. Or house in Northgate or Geebung.

    Back to the FHOG- I tried the full test and out at the first question again (attached)- definately for new properties.

    However, I did this: Home concession eligibility tester interactive help:
    Home concession eligibility tester interactive help | Business Queensland

    and whilst not eligible for a "first" home concession, if purchasing established you are eligible for a "home concession"- will still be 5-10k reduction of stamp duty:

    Home concession | Homes and housing | Queensland Government

    Application here:
    https://publications.qld.gov.au/dat...e87a2ea3/download/form-d2.1v1318-sept2017.pdf
     

    Attached Files:

  4. Cmelderis

    Cmelderis Well-Known Member

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    I wanted to type this last week but was too scared lol
     
  5. MJS1034

    MJS1034 Well-Known Member

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    Sunshine Coast
    Have you looked into the Sunshine Coast? Bang on your 100km radius and it’s primed for some good growth over the next few years with plenty of big developments and infrastructure happening. Maroochydore CBD has begun, along with the airport expansion going international. The yields are also very attractive with vacancy rates under 1% pushing rents up.
     

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