I;m interested to buy a piece of land to build my first home on. Wanna use my FHOG.
But, the land is currently used as a carpark by the builder display home next door, and they are renting the land from the owner per month. If I buy the land, can I rent out the empty land as carpark for a few months, while I finalise my building contract? I mean, this will save me some holding cost on the land.
Will I still be eligible for FHOG for this land/new home?
But, the land is currently used as a carpark by the builder display home next door, and they are renting the land from the owner per month. If I buy the land, can I rent out the empty land as carpark for a few months, while I finalise my building contract? I mean, this will save me some holding cost on the land.
Will I still be eligible for FHOG for this land/new home?