Has anyone in sydney who has been eligible for it, been able to devise a strategy to collect the FHOG, live in it as a PPOR for 12 months and been successful in selling it for a profit at the end of the term to make the whole exercise worthwhile? Or is the FHOG all too much effort and one should not worry about it too much?
If you have been able to do it, what sort of place did you get and for how much? I guess the intention would be to dump as much money into it as possible over the course of the 12 months as you will be living in it and the interest will not be tax deductible?
Julie
If you have been able to do it, what sort of place did you get and for how much? I guess the intention would be to dump as much money into it as possible over the course of the 12 months as you will be living in it and the interest will not be tax deductible?
Julie