Hi all, i wonder if anyone knows if me and my wife will be eligable for a first time buyer grant when we emigrate on a CP143. We are obviously not newly weds or in the first flush of youth, but if I can save money I will.

Thanks in advance


Terry

I can only give you information for Victoria, as that is where I will be going.

Here is the link to the Vic home grant site

http://www.sro.vic.gov.au/sro/srowebsite.nsf/rebates_fhog.htm


I think other than it being a true first home in Australia, the only requirement seems to be that you hold permanent residency.

I hope this helps.


Cheers
Marilyn

There are two types of First Time Buyers Grant.

The first is currently $7000 and is a Federal initiative so therefore is applicable to anyone in Australia who buys a property for the first time in AUSTRALIA. All people listed on the deeds must be Permanent Residents and must also have never owned property in Australia before.

The other part varies from state to state and is administered by the state. It provides an exemption to paying transfer and mortgage stamp duty on homes valued up to $500k.

As an example in NSW if you bought a house worth $420k and have a mortgage of $280k then the duty payable will be $15k - all of this would be exempt for first time buyers.

THIS IS NOT THE SAME IN ALL STATES !!

http://www.firsthome.gov.au/

This is the govenement website that lists all you need to know for every state.

Hi Marylin and Colin, thanks for your advice.

Do you think I will be able to claim this on a cash transaction ??

For the record we are moving to the Redland bay area just south of Brisbane, and hope to do this mid to end next year,(with selling our house in the mean time) luckily validating our visas on our hols at Christmas.

Again thanks

Terry

Yes, Just bought a house in Redlands and you will get the grant if its your first Aussie property.

Tend to snatch it back with stamp duties etc, but it all helps

You will get the $7000 grant irrespective of how you pay for the property.

Looks like you dont get the second stamp duty exemption in QLD - oh well you cant have everything up there.

Hey thanks all of you, been great help. I will be doing this when I move.

Again thanks


Terry