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It makes sense, but I wouldnt suggest scamming the grant, you will end up paying it back and penalites. Just wait out your 6 months.

odd, so you had to supply a letter because the property you were purchasing is a rental? Yet you are planning on getting the grant and living in it for 6 months? To my mind it would be either one or the other. the bank certainly wont process the FHOG or stamp duty concession if the loan was...

yes, but the lender will account for nominal rental/board.

they should be able to assume you are living in the first property and renting out the second. They will use the likely rental from the second from the valuation. That gives you total capacity of approximately $870, minus $440 for the first one, leaving $430 for the second. After you...

certainly. Why dont you get whoever did your formal approval to confirm? they already have all of your current financial documents.

You should do what makes you happy. If you posted on here to get some thoughts though.... perhaps you should consider diversifying your portfolio rather than doubling up on the same type of investment?

Id suggest getting the building contract and formal finance approved on the first purchase before leaving anymore deposits. when thats done, if you wanted to go ahead with another purchase, do the house and land together rather than as a sepereate transactions. Theoretically you can...