Investors can own several properties and be a first-home buyer blog image

Investors can own several properties and be a first-home buyer

Facebook Twitter LinkedIn Mail Us

Did you know that there is a loophole across all states, which allows investors who own multiple properties to use government grants for first-home buyers?

The rules show that it does not matter if a person owns many properties. As long as a homeowner has not lived in these properties for over six months, he will be eligible to claim some first-home buyer stamp duty grants and concessions.

Those who own properties in their names and rent a house to live in may be entitled to stamp duty exemption which can save them about $17,000 on a $425,000 home. If the property is newly built, the buyer may claim up to $10,000 from a government grant.

The rules also allow property investors across all states to benefit from a grant, provided they have not lived in their previous investments and have not owned real estate before 1 July 2000.

Investors can use this tactic to get a loan and add another property to their portfolio. Government agencies do not collect data to know whether the grants or stamp duty concessions are given to first-home owners or investors.

First Home Buyers Australia said the grant should be a one-off payment to people and rentvestors should give up their right to the grant.

In Western Australia and the ACT, a property investor can no longer claim entitlements if they’ve lived in a home for over six months and if the property was purchased after 30 June 2004. They should not have lived in a property for any time period if the property was bought between 1 July 2000 and 30 June 2004.

Related:  First Home Buyer Grant for Low and Middle-Income Earners

The rules between states and territories differ but many rentvestors would still be eligible. It is important that investors do not benefit from duty stamp exemptions.

Rentvestors and their spouses may be asked for evidence that they had not lived in their properties, including tax returns, utility bills, lease agreements, etc.

What can you do?

If you would like to know more about property investment, investor lending and government grants, you can click here to know more about Chan & Naylor services. You can leave your details here and we can schedule you for a free consultation. We’ll contact you to explain more.

Whether you are a beginner, seasoned investor or business owner, we can give you guidance to maximise the financial areas of your life. We can give you an integrated and tailored solution for your superannuation, taxation, property investment, asset protection, estate planning and more.

Click here to schedule a chat or call any of our local offices near you.

If you like what you are reading, subscribe to our newsletters now at or follow our Facebook page here.


Photo: Flickr

To view the original article, click here

3 responses to “Investors can own several properties and be a first-home buyer”

  1. Otto Ragland says:

    It’s an awesome post for all the web visitors; they will obtain advantage from it I am sure.

  2. Fletcher Hass says:

    I pay a quick visit every day a few websites and sites to read posts, however, this blog presents quality based posts.

  3. Jeffry says:

    Spot on with this write-up, I absolutely feel this site needs a lot more attention. I’ll probably be back again to see more, thanks for the information!

Leave a Reply

Your email address will not be published. Required fields are marked *

Join our mailing list today!

Keep up to date with our latest news & updates!