INTERESTING FACTS CONCERNING PURCHASES AND FIRST HOME BUYERS

Did you know that you can own an investment property and then purchase a second property and claim the first homeowners grant, provided that you have not lived in the investment property for a day? The first home must be your place of residence for at least 6 months and you must start residing in the property within the first 12 months of ownership. You may phone the Office of State Revenue on 9262 1100 and ask to speak to the First Home Owners section for more information.