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FHOG, OTP and marriage

Discussion in 'General Property Chat' started by JohnPropChat, 29th Sep, 2016.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    Asking for a friend in NSW. Don't know much about the rules over there.

    His girlfriend already used her FHOG, lived there and rented her place out. She is currently renting close to the city. They've been seeing each other for a year now but haven't started living together. He just pulled the trigger and bought an OTP in Sydney as a first home. The tentative completion date is late next year.

    I raised a question as to what happens if they become defacto or even get hitched for that matter before the OTP handover date. Will he still be eligible for FHOG based on contract date? If they get hitched, will his girlfriend/wife finances become a factor in servicing calculations for his loan?
     
  2. thatbum

    thatbum Well-Known Member

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    It gets tricky depending on the exact timing of various milestones in their relationship. Best to get proper legal advice on it.
     
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  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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  4. Nightowl

    Nightowl Well-Known Member

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    I initially thought no, not if they are defacto, but based on *contract* date, at which point they were NOT living together, possibly he could, according to this:

    First Home Owner Grant | Office of State Revenue

    But agree with above posters, best to get advice from OSR/ proper legal advice.
     
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