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Essentially you can own a property and claim the FHOG on a later property, just never live in the first one. That's really all there is to it.

You're saying don't claim the FHOG, live there for say 5 months, then try claim the FHOG later? You might still be able to claim the FHOG, I don't really know. I am aware of people who intended to live there and claimed the FHOG but moved out early. The contacted the appropriate authority...

Presumably there's no house on the land you co-own so you've obviously never lived there. This doesn't disqualify you from the FHOG. Building a house on the land doesn't disqualify you either. Definitely don't ever live there or call it your PPOR. Don't try anything clever with it and you...