Home Builder Grant - Sign contract by 31 Dec 20

shibaboy · Oct 10, 2020 8:04 pm

Hi all, just wondering if anyone is waiting your builder drafting your building contract at the moment? How much time would it normally take from initial works contract to signing a contract? I was told to expect 8 weeks, as a soil report and concept design already in place, although the builder can't guarantee 100% if that could be ready by 31 Dec, in order to allow me fulfill one of the grant criteria. That makes a 25k difference. Saw some news saying the industry demanding this deadline to be extended, but I remain doubtful if the government would response accordingly. I'm from Adelaide building in south coast. Cheers

kelsey · Oct 10, 2020 10:47 pm

shibaboy

Hi all, just wondering if anyone is waiting your builder drafting your building contract at the moment? How much time would it normally take from initial works contract to signing a contract? I was told to expect 8 weeks, as a soil report and concept design already in place, although the builder can't guarantee 100% if that could be ready by 31 Dec, in order to allow me fulfill one of the grant criteria. That makes a 25k difference. Saw some news saying the industry demanding this deadline to be extended, but I remain doubtful if the government would response accordingly. I'm from Adelaide building in south coast. Cheers

Hi Shibaboy,

Unfortunately because of COVID and these grants these timelines can be a bit tricky to predict. We signed a PPA, with estimate pricing and our plans drawn on the 29/7. We are still yet to sign our final building contract. We’ve been told this week that the contract will be finished and out to us in the next 10 or so days. So given this all stays on track that will be roughly 11/12 weeks from PPA and initial deposit until final contract. We also had a soil report in place at the start of the process. Every timeline we have been given since June has gone over unfortunately. It’s just the state of things at the moment. Hopefully yours comes back in 8 weeks it sounds reasonable, but don’t stop putting pressure on them to get it done!

Ranti13 · Oct 11, 2020 4:49 pm

Hi Guys, When you say sign the contract, is it the HIA contract? or is there another contract you need to sign. I'm in a similar position. I already signed the HIA contract, however the Design is not finalised yet. It'll take 3-4 weeks for them to prepare the CDA documentation and CDA would take another 4-5 weeks for approval. That's two and half months gone. Home builder grant says you have to start building within 3 months of contract signed. Since we are already in o\October, things are going to slow down pretty soon I guees. Just worried if the building would start within 3 months.

broadwaterbuild · Oct 11, 2020 5:52 pm

shibaboy

Hi all, just wondering if anyone is waiting your builder drafting your building contract at the moment? How much time would it normally take from initial works contract to signing a contract? I was told to expect 8 weeks, as a soil report and concept design already in place, although the builder can't guarantee 100% if that could be ready by 31 Dec, in order to allow me fulfill one of the grant criteria. That makes a 25k difference. Saw some news saying the industry demanding this deadline to be extended, but I remain doubtful if the government would response accordingly. I'm from Adelaide building in south coast. Cheers

We signed our PPA/PWC in late June. Received final contracts in early september and signed those. Then had prestart mid september. Last week we signed our final plans and received our building permit! Hoping to start construction in the next couple of weeks

shibaboy · Oct 13, 2020 3:16 pm

Thanks all for the responses. Much appreciated. Hopefully the deadline could be extended, which makes whole lot more senses.