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Re: Can I use the FHSSS for an investment property if I live there for the first 12 months?

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I have salary sacrificed $15, 000 and intend to use it to contribute to purchasing my first property. Do I qualify to use the FHSSS as a means to pruchase this property for investment purposes if I intend to live in the property for the first 12 months after its purchase? I have struggled to find answers online for this. Would it be necessary for me to take out an owner-occupier home loan for the first 12 months before changing to an investment loan later on? Thanks.

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ATO Certified Response

ATO Community Support

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Hi @camsook

 

We've got a previous thread that should answer your first question. Have a read through and see if that helps you out. 

 

As for your second question, you may need to discuss this further with the loan provider to see if this would void any loan requirements. 

 

Hope this helps, let us know if you have any further questions. 

1 REPLY 1

Most helpful response

ATO Certified Response

ATO Community Support

Replies 0

Hi @camsook

 

We've got a previous thread that should answer your first question. Have a read through and see if that helps you out. 

 

As for your second question, you may need to discuss this further with the loan provider to see if this would void any loan requirements. 

 

Hope this helps, let us know if you have any further questions.