Fhog scenario

[Classclown]

Hi there

I am contemplating 2 different scenarios and would like some advice

I currently live on the nsw border to Qld and work in Brissie cbd, there are new housing handL packages being built and I wonder would I qualify for the fhog for this? ( Brissie is only 1 hour commute)

The second is that I have an investment property that I bought in 2012 in brisbane and am thinking of moving into and renovating , I had a look on the osr website and it seems I can still claim this, is this correct?

Cheers

 

[tobe]

You only get one FHOG, when you buy your irst home and live in it for 12 months. If you have bought an investment property since July 2000 this doesnt preclude you from the FHOG, unless you have lived in it at some point.