Why Owning Just 1 Property Could Disqualify You From Incentives

First home buyer incentives are a huge help when getting onto the property ladder — but they come with some tricky fine print that catches a lot of Aussies out. In this clip, Bryce and Ben share personal experiences and stories from the community to explain how the spouse test works, why a partner’s past property ownership can disqualify you, and how rules vary state by state. They highlight the importance of checking directly with the State Revenue Office and speaking with an investment-savvy mortgage broker before assuming you’re eligible. They also reflect on how the rules around grants, concessions, and even trusts have changed over the decades, showing why it’s critical to stay up to date with the current legislation and always get professional advice. If you’ve ever wondered whether you or your partner still qualify for a first home buyer grant, this is the clip you need to watch. *Timestamps:* 00:00 – Ben’s personal story of buying with Tenants in Common 00:42 – First Home Owner Grant: how it worked back in the day 01:38 – The gray areas and why rules vary by state 03:27 – Why you must check the fine print with the SRO and your broker 03:48 – The spouse test: one partner’s ownership disqualifies both 04:26 – How rules have tightened over time 07:32 – What the government’s really trying to achieve with these grants 08:22 – Key takeaway: check eligibility, don’t assume P.S. This is just a snippet from our Ep 562 | CGT for Couples EXPOSED: The Six-Year Rule, First-Home Myths & Victoria’s Rental Crackdown. For the full scoop, check it out here 👉 https://thepropertycouch.com.au/ep562-cgt-couples-first-home-victoria-rental/ P.P.S. And feel free to send in your questions here 👉 https://thepropertycouch.com.au/topics/ We would love to answer them on the show! #ThePropertyCouch #FirstHomeBuyer #PropertyInvesting #AustralianProperty #FirstHomeOwnerGrant #PropertyTips