Browse Forums Home Finance 1 Feb 29, 2012 9:02 am Hi all, how are you guys? I need some advice. I just got a valuation report from a valuer of the bank. He valued my house base on the base price. Is this the normal practice? And also for first home owners grant, I would like to apply on my own. Can I do it after the slab is down? Re: First Home Owners Grant and Construction Loan 2Mar 16, 2012 9:14 am I think it varies state to state. As far as I understand in Victorina if you do it yourself it is after build completion and through an agent it is once slab is down? I could be wrong. First Home Owners Grant and Construction Loan 3Mar 16, 2012 9:54 am In WA you can apply yourself after the first progress claim is made as you have to provide evidence that construction has commenced. If you allow your bank to submit the FHOG for you, they can do it before the first progress claim is made, anytime after your loan is formally approved. The catch with this is, the funds must be used for your first claim or go into an account the bank nominates (eg. Your loan account) So, I guess the question is, which state are you building in? Re: First Home Owners Grant and Construction Loan 4May 24, 2012 10:31 pm Hi All, My first Home owners grant and bonus been approved by SRO(Victoria). First Progress payment paid to builder by bank yesterday, but i didn't got my first Home owners grant and bonus in my account yet. I did't used my grant as deposit. I am worried. Did anyone come across same scenario like me. Please advice. Thanks heaps. Nicole1983 Re: First Home Owners Grant and Construction Loan 5May 25, 2012 1:30 pm NICOLE1983 - if you look on the Victorian State Revenue Office website it tells you - click on the link below. http://www.sro.vic.gov.au/sro/SROnav.nsf/LinkView/40AD2986FAFEEF8ACA2575CB000109318024A4ADFB9DAED9CA2575A1004420DC The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19106 Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 35326 Hi Mrboh Just wondering if you have any BAL or flame zone issues on your block, as getting compliance with BAL requirements whilst doing bearers and joists is tough. Not… 1 8368 |