Hi. I dont know if anyone would be able to answer but heres the story;

I have the opportunity to buy a house with my mate for $380,000 in melbourne. He needs a decision by tomorrow and we wpuld be using one of pur hpme owners grants and obviously forfeiting the other. No stamp duty and we would get the regional $20,000 instead of the $10,000.

My question really is about onsale/rent. I know we must live in the property for the first year before renting ir out. Do we also have to do the same for a sale? Or could we take posession of the house and immediately on sell? Im really not in the strongest financial position currently however the housing market in melbourne is currently quite tough.

Tl;dr first time home ownera grant; can i re sell immediately upon taking ownership of the house once it has been built (keys) or do i need to make ir my residence for 12 months?