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Forums » Starting Out » first home buyers grant on investment home

first home buyers grant on investment home Subscribe to first home buyers grant on investment home

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Forum_avatar_avatar-firemike

Aug 16 '06, 11:15 AM

While recently applying for a home loan the broker advised me that with a good lawyer and three weeks stay in my investment home i can get the first home buyers grant in victoria. Is this breaking the law or is there a loop hole in the law???

Edited: 06/26/2010 at 03:03AM


Wes Tuinstra


Forum_avatar_avatar-wesley

Aug 16 '06, 06:43 PM

Hello FireMike,

And welcome to the forum!

As for your question, it depends on where Victoria is.

You may want to go to your profile and fill in the part
about location so that it will show up when you post.

If you're talking about Victoria BC, I don't know what
the Canadian law is.

But in general...to really generalize...making a broad
statement...if you have to do any "funny stuff" when
you're doing Real Estate, you're in trouble.

Aren't there enough real deals out there that don't
require a "good lawyer"? I mean really!

Edited: 06/26/2010 at 03:03AM


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Forum_avatar_avatar-firemike

Aug 16 '06, 07:20 PM

The house is in Victoria, Australia.

I understand what you are saying but its could be upto $20,000 savings, paid by the government.

Edited: 06/26/2010 at 03:03AM


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Forum_avatar_avatar-gargus

Aug 17 '06, 03:02 AM

Yeah, but it's Australian money, so that doesn't really count. :wink:

Edited: 06/26/2010 at 03:03AM


Duncan Schieb

Real Estate Consultant · Sydney, nsw


Forum_avatar_avatar-aussieproperty

Nov 11 '09, 05:08 PM

In my experience your best to do the right thing. Are you an expat or living in Australia as considerably tax advantages as an expat

Edited: 06/26/2010 at 10:29AM


Duncan Schieb

Real Estate Consultant · Sydney, nsw


Forum_avatar_avatar-aussieproperty

Nov 11 '09, 09:08 PM

In my experience your best to do the right thing. Are you an expat or living in Australia as considerably tax advantages as an expat




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