An article published by John McGrath on 13th April 2011 claims that first home owners choosing to purchase investment property do NOT qualify for the First Home Owners Grant. www.switzerbroker.com.au/the-experts/john-mcgrath/the-rise-of-renter-investors
However...
The Queensland Government states;
"If you held or currently hold an interest in residential property after 1 July 2000 and the property was or is used solely for investment purposes, you may be eligible for the grant providing you give evidence showing you have not lived in it."
Steve Taylor & Partners have many clients who find it financially beneficial to not be an owner occupier of a property, but pay rent in a lifestyle-preferred
location. At the same time they are able to create wealth and protect themselves from inflation by buying properly structured residential investment property.
Many people, because of their occupation, often relocate during their career and find it more beneficial to pay rent wherever they are domiciled whilst building up a property portfolio in a secure, growth area. This is instead of incurring the acquisition and selling costs of a home each time they move.
Should you not have lived in any of your investment homes for more than 6 months you are still eligible to be considered for the First Home Owners Grant.
