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anyone able to provide more info on this? curious to know if this is the case and if so, whether or not im eligible also :) julie

thought that was the answer but as it lacked all logic i thought id ask. another well thought out policy by the govt. :mad: julie

just so im clear on this one .... ben has a ip purchased pre gst. he has never lived in this property. neither ben or i have ever owned a ppor. are we eligible for any of the "first home owner" grabs? thanks in advance, julie

Do many peole use this rule to their advantage? Sounds like a good one for people who feel renting is the way to go. for eg: Scenario Buy house for $400k. Borrow 80% and drop as much as possible into linked offset account. Live in it for 6 months and then move out and rent for the next 6...