First Home Owners

[GC_Gladiator]

Was wondering for anyone out there who has bought using the first home owners grant. What were you required to show to indicate that you took the 6 month residency requirement?

Considering applying for it but dont know the feesability of me meeting the residency requirement!

Cheers

 

[Fatdog]

The requirements in NSW are pretty easy to meet. You only have to show a few bills to show you lived there. Even if you are going to rent it out you should live in it for the first 6 months. it might be a struggle but if you weigh up what you get from the grant as opposed to what rent you would recieve in the 6 months there is no contest.

In NSW on a $300k purchase

Grant $7k
Stamp Duty Savings $11k (approx)
Total $18,000

as opossed to

Rent Recieved over 6 months @ $300pw = $7800

 

[Schillaci]

You can do it the dodgy way. I have a mate who every few days goes in and turns on the lights at runs the taps

 

[juanfarkall]

I used it about 20 years ago when it was of significant benefit

 

[Macarthur Saints]

The requirements are on the form, get them and have a looksie...

It's money available so why not take what the government are throwing at you..

Yes, living there for 6 months is a must, we got the follow up letter around 8 Months after we signed the morgage..

Check out the fixed interest rates, this rate hike is hammering me....

Been in the house for just over 12 Months and i've had 3 rises, another expected before christmas, Merry foiking christmas..

 

[Simo]

The first election when I did it it was great - there was no minimum time officially required, I checked with about a million accountants to be sure and also rang the hotline.. I could literally have lived there for a day and moved out. Stayed 6 months though.

Though now I believe it is 6 months and bills are the normal way of showing you live there.