Browse Forums Building A New House 1 Mar 15, 2009 10:47 pm As per the title of the thread: Have I left it too late?
Background information: - Own a vacant block of land in Mt Druitt registered to myself - Looking to build a home with Clarendon The problems I can think that will delay the process is variations on the home I want to build, site tests (etc) by the builder and Blacktown council approval. I know, I know I should have started the process earlier, but my own finances were a problem but there is now some light at the end of the tunnel. And that's why I'm asking. All the bank needs is a signed tender by 30/06/09 so I can get the $21k Rudd money. Will Rudd extend the offer? I hope so. Please. Any opinions/advice would be greatly appreciated. Cheers. Re: Have I left it too late? Rudd money expires on 30/06/09! 2Mar 15, 2009 10:56 pm I think if you got things moving asap
you would make the cut off. Good-Luck Building Thread viewtopic.php?f=31&t=13002 Site start: 8th July 2009 Handover: 11/12/2009! 5 months total build time. 40 sqs of luxuary...Bliss! Re: Have I left it too late? Rudd money expires on 30/06/09! 3Mar 16, 2009 12:08 am HomeImprovement All the bank needs is a signed tender by 30/06/09 so I can get the $21k Rudd money. Nope, that has nothing to do with your eligibility. All you need is a signed contract from the builder, dated before June 30th and you're eligible for the grant. The bank just needs the other stuff in order to lodge your request to get paid the grant at slab stage, no time limit on that bit. Remember it's the Government paying you, not the bank. You just have to make sure that building commences within 26 weeks of contract date and the house will be fully completed within 18 months of starting date. Here is all the info you need: http://www.osr.nsw.gov.au/lib/doc/facts ... _fhob2.pdf Stevep79 & Principessa Finished building Wisdom Homes Impression 33mkII in The Ponds, Sydney http://lilypadintheponds.blogspot.com Re: Have I left it too late? Rudd money expires on 30/06/09! 4Mar 16, 2009 1:06 am stevep79 Nope, that has nothing to do with your eligibility. All you need is a signed contract from the builder, dated before June 30th and you're eligible for the grant. The bank just needs the other stuff in order to lodge your request to get paid the grant at slab stage, no time limit on that bit. Remember it's the Government paying you, not the bank. You just have to make sure that building commences within 26 weeks of contract date and the house will be fully completed within 18 months of starting date. Here is all the info you need: http://www.osr.nsw.gov.au/lib/doc/facts ... _fhob2.pdf Isn't a contract the same as a tender? That's how I read it according to Clarendon's 8 steps to building in NSW (link) They want $600 up front! Anyways, thanks for the replies! I've got the wishlist ready and I'll probably sit down with Clarendon early next week. Again, thanks! Re: Have I left it too late? Rudd money expires on 30/06/09! 5Mar 16, 2009 9:26 am Yes usually at your initial consultation, the builder want to ttake the deposit from you. In VIC, most is around 600-1000 deposit at initial consultation. This will deducted from your total build price.
Anyway, I am not sure what the situation there in NSW. But in VIC, I think if we find the right builder, we may still make the cut off. So u need to check with clarendon NSW if they can accomodate you to make the cut off. Stephen Williams Landing Stage 10 - Kingwell Neighbourhood Re: Have I left it too late? Rudd money expires on 30/06/09! 6Mar 16, 2009 9:34 am HomeImprovement stevep79 Nope, that has nothing to do with your eligibility. All you need is a signed contract from the builder, dated before June 30th and you're eligible for the grant. The bank just needs the other stuff in order to lodge your request to get paid the grant at slab stage, no time limit on that bit. Remember it's the Government paying you, not the bank. You just have to make sure that building commences within 26 weeks of contract date and the house will be fully completed within 18 months of starting date. Here is all the info you need: http://www.osr.nsw.gov.au/lib/doc/facts ... _fhob2.pdf Isn't a contract the same as a tender? That's how I read it according to Clarendon's 8 steps to building in NSW (link) They want $600 up front! Anyways, thanks for the replies! I've got the wishlist ready and I'll probably sit down with Clarendon early next week. Again, thanks! I think what stevep79 was pointing out was that the bank doesn't need the contract by 30/6/09. Just as long as you have it by then. I don't think he was referring to the tender/contract bit as being incorrect. In answer to your question, if you get moving now you should make it. Just remember there will be a whole lot of people in the same boat who have left it til now and are trying to make the cutoff. The builders will only get so many contracts done. I'd be signing something this week if it was me. I leave you to fend for yourself, figure things out yourself. Terrence Malick Re: Have I left it too late? Rudd money expires on 30/06/09! 7Mar 16, 2009 10:25 am HomeImprovement stevep79 Nope, that has nothing to do with your eligibility. All you need is a signed contract from the builder, dated before June 30th and you're eligible for the grant. The bank just needs the other stuff in order to lodge your request to get paid the grant at slab stage, no time limit on that bit. Remember it's the Government paying you, not the bank. You just have to make sure that building commences within 26 weeks of contract date and the house will be fully completed within 18 months of starting date. Here is all the info you need: http://www.osr.nsw.gov.au/lib/doc/facts ... _fhob2.pdf Isn't a contract the same as a tender? That's how I read it according to Clarendon's 8 steps to building in NSW (link) They want $600 up front! Anyways, thanks for the replies! I've got the wishlist ready and I'll probably sit down with Clarendon early next week. Again, thanks! Nope, tender is completely different to a contract. A tender is basically just a list of upgrades and inclusions, in other words a quote. It's the first thing you do when you engage a builder Take a close look at that 8 step plan you posted. Look at step 7, it's called Contract Presentation and Signing. That is where you get the contract and that is where you need to make it to before 30 June. Some builders do it before lodgement with council (like mine) whereas Clarendon do it after council approval, which will make timing very very difficult for you. Stevep79 & Principessa Finished building Wisdom Homes Impression 33mkII in The Ponds, Sydney http://lilypadintheponds.blogspot.com Re: Have I left it too late? Rudd money expires on 30/06/09! 8Mar 17, 2009 10:50 pm we are in the same boat- but Remember that the grant will still exist, just $7000 less. Id rather not make a rash decision over just $7000 I just want a bl@@dy home! Re: Have I left it too late? Rudd money expires on 30/06/09! 9Mar 18, 2009 12:04 am funkypopcorn it drops back down to $14,000 in total so its a loss of $12,000.....for those building a new home! 2nd build here we come in Whittlesea! https://forum.homeone.com.au/viewtopic.php?f=31&t=92617 1st Build - Henley - Cooper in Doreen! (2009) https://forum.homeone.com.au/viewtopic.php?f=31&t=17354 Re: Have I left it too late? Rudd money expires on 30/06/09! 10Mar 18, 2009 6:53 am CiNnY funkypopcorn it drops back down to $14,000 in total so its a loss of $12,000.....for those building a new home! Another correction, it drops back down to the original $7k, down from the boosted $21k. A drop of $14k. That is for builders and buying newly built homes. Any values other than the $21k will keep going, like the NSW government additional $3k bonus. I believe that runs until about October 2009, so we get a total of $24k before June 30th and 10k after June 30th. Stevep79 & Principessa Finished building Wisdom Homes Impression 33mkII in The Ponds, Sydney http://lilypadintheponds.blogspot.com Re: Have I left it too late? Rudd money expires on 30/06/09! 11Mar 20, 2009 3:40 pm I hope that 10 day approval in the New NSW Housing Code helps in making the cutoff date.
I own the vacant land and it's already titled so that should also cut down the wait time. I spoke with my loan manager and they said (looking into their crystal ball) it is likely that they will reduce the $21k to around $10k (not counting the bonus $3k from the NSW goverment). I'm still hoping they extend the $21k to end of financial year 2010. Not just for me, but for everyone else. For those that are reading this thread who are considering a new home to get the $21k, the best advice is to get moving now (taking in the worse case scenario). Thanks again to everyone. Re: Have I left it too late? Rudd money expires on 30/06/09! 12Mar 20, 2009 4:11 pm HomeImprovement I spoke with my loan manager and they said (looking into their crystal ball) it is likely that they will reduce the $21k to around $10k (not counting the bonus $3k from the NSW goverment). Be extremely careful with your loan approval, have a backup approval if you can. Recently banks have been changing policy (such as increasing deposit requirements) affecting pre approved loans. Re: 13Mar 22, 2009 1:41 pm stevep79 CiNnY funkypopcorn it drops back down to $14,000 in total so its a loss of $12,000.....for those building a new home! Another correction, it drops back down to the original $7k, down from the boosted $21k. A drop of $14k. That is for builders and buying newly built homes. Any values other than the $21k will keep going, like the NSW government additional $3k bonus. I believe that runs until about October 2009, so we get a total of $24k before June 30th and 10k after June 30th. I was dyslexic lol i meant to say it drops to $12,000 which is a decrease of $14,000 because in Vic we get $26,000 atm $21,000 from Rudd and $5,000 from the state government when we build a new home! 2nd build here we come in Whittlesea! https://forum.homeone.com.au/viewtopic.php?f=31&t=92617 1st Build - Henley - Cooper in Doreen! (2009) https://forum.homeone.com.au/viewtopic.php?f=31&t=17354 Re: Have I left it too late? Rudd money expires on 30/06/09! 14Mar 29, 2009 2:14 pm We got the $29k FHOG Building in a rural area, we get an extra $8k which only went on extra travel allowance for the builder anyway... All helps though! Building Thread viewtopic.php?f=31&t=13002 Site start: 8th July 2009 Handover: 11/12/2009! 5 months total build time. 40 sqs of luxuary...Bliss! Re: Have I left it too late? Rudd money expires on 30/06/09! 15Apr 15, 2009 3:41 pm For anyone considering a clarendon home visit the reviews below, and then if you are still considering building with clarendon, then i guess you deserve whatever they give you. http://www.productreview.com.au/showite ... m_id=51929 Re: Have I left it too late? Rudd money expires on 30/06/09! 16Apr 15, 2009 6:14 pm Jarzme - that particular website seems to be full of negatives for all builders. I suggest anyone looking at building with any builder do their research as im well aware henley has alot of negatives on that particular website and i did my research and spoke to alot of people who had no problems... at the end of the day it also comes down to who you deal with in the company and the individual tradespeople you get! 2nd build here we come in Whittlesea! https://forum.homeone.com.au/viewtopic.php?f=31&t=92617 1st Build - Henley - Cooper in Doreen! (2009) https://forum.homeone.com.au/viewtopic.php?f=31&t=17354 Re: Have I left it too late? Rudd money expires on 30/06/09! 17Apr 16, 2009 8:07 am CiNnY Lots of negatives but from my experience with Clarendon, the feedback on that website is 100% accurate. It is also accurate based on others i have spoken to directly. Even Clarendon employees are saying that they are bad and need to change, not to mention sub contractors sayin clarendon are worse than most other builders. But if you have had a good experience with Clarendon you must be the only one, though the fact that you are with Henley would suggest that you havent built with Clarendon. Those of us that have know the truth and frustration that is evident and accurate in the reviews Re: Have I left it too late? Rudd money expires on 30/06/09! 18Apr 23, 2009 10:26 am Quote: PRIME Minister Kevin Rudd has confirmed the first home buyers grant will not be extended past its deadline of June 30. "We've indicated that that will conclude in a very fixed and finite timeframe," Mr Rudd said in a Perth speech reported by Sky News. "It's had a real effect. We're still measuring its full effect, but I think it's very important that as a community we understand that deadlines are imposed for a particular purpose. "All good things must come to an end." Under the government's $1.5 billion first home buyers boost, the first home buyers grant was doubled from $7,000 to $14,000 last October. Those first home buyers who purchase a new home receive an extra $7,000 to take the total cost of government assistance to $21,000. The construction and real estate industries have hailed the boost with some calling on it to be continued. They have voiced fears that if the grant is removed the real estate market will collapse. But one expert says that it is actually record low interest rates and a softer housing market, not the grant, that is spurring on many first home buyers. Figures showing that by the end of last month more than 42,000 people had taken up the grant. NSW has seen the highest uptake, with 14,404 first home owners receiving the boost, followed by Queensland and Victoria (9,319 and 8,632 respectively). About 4,200 first home buyers have entered the market in Western Australia since October, more than 3,300 from South Australia and 1,135 from Tasmania. Both territories recorded the lowest uptakes with 703 grants awarded in the nation's capital and 404 in the Northern Territory. Others have warned that the grant is leading to ‘home loan time bomb’ with first-time borrowers taking out larger loans than they can afford. (LINK) The average loan growing by 22 per cent from $230,000 in March last year to about $281,000 this March. source Re: Have I left it too late? Rudd money expires on 30/06/09! 19Apr 23, 2009 11:54 am Some say this is bad news, some say this is good news. One thing for certain - May and June are going to be busy busy months! Williams Landing Stage 10 - Kingwell Neighbourhood Re: Have I left it too late? Rudd money expires on 30/06/09! 20Apr 23, 2009 12:57 pm I smell a (rudd) rat here. My tip is that the grant will continue in some form, but won't be announced until the 11th hour. They really wan't the current situation to continue, whereby people are signing up under the assumption the the grant will end. The 1st home buyers are keeping many builders going atm, if i was announced the grant will keep going, young purchasers may put off signing up until a later date. Like I said the Occupancy Certificate is not the tollgate that marks the completion of the house. The contract defines… 7 10762 you need a fridgie to answer but I would think you vac the whole system then add gas if you have a leak, unless it is new install with the gas already loaded, in that case… 1 3665 Old Home Restoration / Renovation Hi, just discovered all these junks left behind under the floor. Could any of these be asbestos? Best to leave as it is or clean up? Thank you for your thoughts 0 8070 |