As a first home buyer, it is expected the property you are purchasing will be your primary residence, also known as your PPR (Principal Place of Residence).
Making use of different government schemes as a first home buyer means you MUST move into the property within strict time frames;
First Home Guarantee Scheme (Australian Federal Government)
– purchasers must move in within 6 months of the settlement date
First Home Owner Grant – FHOG – (Victorian State Government)
– purchasers must move in within 12 months of the settlement date
First Home Buyer Stamp Duty Concession (Victorian State Government)
– purchasers must move in within 12 months of the settlement date
