Browse Forums Building A New House Re: Homebuilder Grant Scheme - Shocking outcome!! 25Aug 23, 2020 9:52 am Out of curiosity I looked at the QLD Treasury website today https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/homebuilder/renovating The example listed show only 3. There was originally 4 Example – multiple contracts for one renovation. Nadine is project managing a refit of her house. Her budget is $200,000 and she intends to involve different contractors, including some licensed builders. The most expensive contract with an individual contractor is for $80,000. Where there are multiple contracts for one substantial renovation, at least one contract with a builder must be for $150,000. Nadine will not be eligible for the grant. This example was removed in the last 10 days. This is the example I used to show treasury multiple contracts are allowed on a substantial renovation. As long as 1 contract is for $150,000. They actually went and removed this example because it showed the contradiction between the administrative directives and examples given to the public. Re: Homebuilder Grant Scheme - Shocking outcome!! 26Aug 23, 2020 10:09 am V002 stonesthrow State treasuries have to be careful with adminstering applications for a policy that will be prone to issues. They will be the ones held accountable for a scheme designed by the Commonwealth. Pretty sure this is why things are moving slowly. Unfortunately we won't be eligible anyway it turns out. V002 - were you planning on building before the scheme was announced? Why won't you be eligible? Yes we had already decided to sell 1 of the lots on our property and rebuild. Covid screwed up the timeline though. Had to cancel everything and shift some money around. Didn't know how bad it was going to get and didn't want to overextend. The house was spanning both made it hard to sell. Decided to demo it and bam ineligible for homebuilder because it wasn't done under 1 contract with a builder. I have a little hope though. That $25K would take care of the acoustic requirements because we live on a transport corridor, so I want it. $25K more I can put into the primary budget. We just won't make the thresholds for value. We were going to build anyway so it's not stopping us. The only issue is if the scheme is pushing up prices for labour and materials. Imo these schemes are mostly a way of subsidising people who were going to spend money already (obviously not in all cases). It can also distort prices. That makes it a policy failure if that's the case. Re: Homebuilder Grant Scheme - Shocking outcome!! 27Aug 23, 2020 10:51 am It would have been taken up more, and provided more work (i.e. jobs) if it was house only that was included in the pricing. Some land areas in estates around Point Cook (Melbourne) are as high as $500K to $600K for an average block (fairly small by some standards), so how can you build on that for under $750K? Re: Homebuilder Grant Scheme - Shocking outcome!! 28Aug 23, 2020 1:42 pm Sparkyf It would have been taken up more, and provided more work (i.e. jobs) if it was house only that was included in the pricing. Some land areas in estates around Point Cook (Melbourne) are as high as $500K to $600K for an average block (fairly small by some standards), so how can you build on that for under $750K? I agree the house price should have been the only consideration. Because of the land value in my area + the house build we are only $30,000-$40,000 over the $750,000 threshold. I have no idea how they arrived at the $750,000 cap for a new home. Or the $150,000 requirement for substantial renovations. Some bureaucrat that has no real world experience in construction most likely. Re: Homebuilder Grant Scheme - Shocking outcome!! 29Aug 23, 2020 6:40 pm With the Covid restrictions in Melbourne, the tradies are limited to the number of builds they can attend. Surely bigger builds would give them more work for longer periods, than limited small ones? Re: Homebuilder Grant Scheme - Shocking outcome!! 30Oct 07, 2020 10:17 am Significant update - The administrative directives have changed in regards to substantial renovations (knockdown rebuilds) Paragraph 20c c. a contract for the building of a new home on the land which replaces a pre-existing home on the land that was demolished under a separate contract entered into by the applicant (the separate contract). Note – To remove ambiguity for subparagraph c., the contract for the building of a new home on the land is the substantial renovation contract, not the separate contract. If like me, had your house demolished before signing a building contract. It is no longer an issue when applying for Homebuilder. The demolition and building contracts are now considered separate contracts.The contract with your builder is the only relevant contract. With this change my application shouldn't have any issues. Just remember IF you're doing a knockdown rebuild. You want a substantial renovation contract with your builder. When you apply, send every piece of information you can along with the required information. If you have had your house demolished before signing your building contract. Be sure to submit the demolition contract with your building contract. The value cap of $1.5 million still applies, and the demo contract must be part of that assessment. Along with your substantial renovation contract with your builder. Paragraph 20a a. a contract for the renovation of an existing dwelling which substantially alters the existing dwelling and improves the accessibility or safety or liveability of the property (although this need not involve the removal or replacement of foundations, external walls, interior walls, floors, roofs or staircases); The safety and liveability are important factors. If you had asbestos on your property. Be sure to submit your asbestos report with your application. Submit as much information as you can. Re: Homebuilder Grant Scheme - Shocking outcome!! 31Dec 30, 2020 2:20 am Hello All, Can someone please confirm if you've used the HIA or Master Builder template when signing the "Renovation" contract and having intention of applying for the Substantial Renovation grant? I understand that whichever contract we use: 1. We should include the demolition as a line item as that will kick start the execution of the contract. 2. If we use a standard new home build contract template, should we add a non-monetary line item stating something to the effect that the contract is a Substantial Renovation for the purposes of the Homebuilder grant. Not sure if doing this is also advised for qualifying for the state based Building Bonus grants. Any direction will be greatly appreciated. Re: Homebuilder Grant Scheme - Shocking outcome!! 32Dec 31, 2020 5:26 pm homebuilder_grant Hello All, Can someone please confirm if you've used the HIA or Master Builder template when signing the "Renovation" contract and having intention of applying for the Substantial Renovation grant? I understand that whichever contract we use: 1. We should include the demolition as a line item as that will kick start the execution of the contract. 2. If we use a standard new home build contract template, should we add a non-monetary line item stating something to the effect that the contract is a Substantial Renovation for the purposes of the Homebuilder grant. Not sure if doing this is also advised for qualifying for the state based Building Bonus grants. Any direction will be greatly appreciated. I would contact your State Treasury and ask for clarification. Unfortunately at this time of year that could be difficult. I'm renovating - building a small extension at the back of the late Edwardian house. This is the first stage. Second stage of the renovation will be to replace roof on… 0 1089 |