Investors eligible for FHB grants?????

Not quite sure where to post this thread.. but can anyone confirm this? I own 3 IP's (have not lived in any) and about to purchase PPOR so this would be handy..

Loophole entitles investors to first-home benefits

 

I owned 3 IP before constructing a PPOR and I received the FHOG.

 

Hi Maddy. This was discussed here already. See the final post by @Marg4000 for your answer.
Interesting loophole...

 

Correct, investors are eligible as long as they've never bought a PPoR first.

Uproar on FB where this article was posted. Greedy investors

 

The greedy ones are the ones that already claimed the FHOG

 

It's not a loop hole.

Why should one person not be eligible for a first home owners grant simply because they've previously made an investment decision that involves property? They're still buying their first home and should receive the same entitlements everyone else does. Should share traders also not be eligible for FHB benefits?

 

Thanks Everyone.. This has absolutely made my day.. actually my week!

 

I own multiple ips and srill have bit used the fhog as to maximise the benefit i need to buy something $500k

 

Can someone confirm if this is applicable for QLD please!!!! I was SURE you couldn't get the grant if you'd already purchased an IP???

 

Did you manage to find this out @Tom Rivera? I'd also be curious to know to. The QLD wording states if you have ever owned a property = not eligible, where as SA fits the bill of if you have bought and lived in a PPOR for over 6 months then not eligible.

On a site note, thinking out side the square a bit. Anyone know if you can use the first home owners grant through a subdivision process? Where you subdivide, say 1 into 2, knock down old house, build one as an investment property & one as a PPOR and live it in for the required amount of time to qualify for the FHOG.

 

I did find this out, you absolutely cannot take advantage of the FHOG if you have owned any property before in QLD.