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No, if you are planning on living in this house you will have to use your FHOG on this purchase, or you will forfeit it.

Like the others said, you have 6 years, but you can only have one PPOR at a time. Although there is no time limit for you to live there before renting it out, make sure it is long enough to accumulate a few bills in your name while residing there. If you are planning on using the FHOG to...