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FHOG on Duplex Pair/Dual Occ?

Discussion in 'Property Finance' started by Sonamic, 3rd Jun, 2016.

  1. Sonamic

    Sonamic Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    957
    Location:
    Sunny QLD
    Hi all.

    As the title suggests. How would one go about this purchase? Would banks even look at it as a FHOG scenario? Would the Government for that matter?

    Too late for me personally, but there are those out there yet to make use of the FHOG. I'm seeing Dual Occupancy "homes" in the 550-600k range here in SE Qld. Mostly a 3 bed 2 bath house with a 2 bed 1 bath auxiliary unit. Both dwellings Slug, sometimes the 3 bed side has a Dlug.
    Same thing with a duplex pairs early 700k range.
     
  2. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    907
    Location:
    Perth, WA
    I used my FHOG to buy a duplex pair on one title in WA. Lived in one and rented out the other after I renovated them.

    Worked a treat with avoiding stamp duty, getting the $7k cash (as it was at the time), and having half the interest tax deductible while I was living there.
     
    Sonamic and Terry_w like this.