Browse Forums Building A New House 1 May 15, 2013 9:09 am First Home Owner Grant (New Home) scheme provides a grant of $15,000 PLUS about $20000 first home owner stamp duty exempt. However, the house must be new or fully renovated. It might worth building my own house instead of buying an existing one, considering there will be $35000 discount. There is some difficulty in finding a proper land in sydney metro under 350k, but there should be one out there somewhere. Any suggestion here? Re: build your own house vs buy old one NSW 2May 15, 2013 9:21 am The total contracts for land and building still need to be under $650K. You might be able to arrange something outside of the contract to keep under that. For example many people have the builder not do stuff for them, and do it later, and this isn't considered by the OSR for the grant. Re: build your own house vs buy old one NSW 3May 15, 2013 9:42 am daveinthehills For example many people have the builder not do stuff for them, and do it later, and this isn't considered by the OSR for the grant. That's really fresh and helpful information. I am googling this for more detail. Hi Everyone I learned something this week that I thought would be worth sharing. In NSW a lot of developers of subdivisions put covenants on the land which normally… 0 5002 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 0 377 regardless, your contract stipulates a payments schedule and SOPA doesn't give provision to that scenario. Your contractual terms appear to stand. Hence get a lawyer, it… 4 8942 |