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 approved on the basis of a loikely rental income.....
Actually never thought of that I would have to ask my broker. My plan is to live in the property for 6 months save on stamp duty and get the 15k and then rent it out. Since the bank will look at it as my ppor I am not sure why they asked for that letter now as well.
It's case by base and not really your decision to make. Some people live that way, only have roommates. Some people stay at home for a long time.
I have client who in the process of setting up equity for his 4th property purchase he's nearly 50 lives with his sister and there family. Sister doesn't seem to mind. Cheap board for him... and he keeps on investing in property.
Just because you wouldn't do it doesn't mean it's not right for someone else.
Couldnt of said it better myself.