Browse Forums General Discussion Re: Government $40-50k stimulus rebate on new builds 83Jun 07, 2020 11:43 am Ship2shore So it seems the WA government is announcing an additional 20k on top of the already 10k, and 25k national government package? 55k towards a new house in WA. Not against some help for the economy but that amount of money feels like a bit of a slap in the face to anyone building or recently built. Do you have a link to that announcement? As far as I know it’s the 25k Homebuilder grant and 10k FHOG so 35k. Re: Government $40-50k stimulus rebate on new builds 84Jun 07, 2020 11:59 am Bobjane Ship2shore So it seems the WA government is announcing an additional 20k on top of the already 10k, and 25k national government package? 55k towards a new house in WA. Not against some help for the economy but that amount of money feels like a bit of a slap in the face to anyone building or recently built. Do you have a link to that announcement? As far as I know it’s the 25k Homebuilder grant and 10k FHOG so 35k. Just announced by our premier. 55k now in WA it seems Like ⋅ Add a comment ⋅ Pin to Ideaboard ⋅ Re: Government $40-50k stimulus rebate on new builds 85Jun 07, 2020 9:15 pm Ship2shore So it seems the WA government is announcing an additional 20k on top of the already 10k, and 25k national government package? 55k towards a new house in WA. Not against some help for the economy but that amount of money feels like a bit of a slap in the face to anyone building or recently built. Our earthworks start on Wednesday 😭 absolute kick in the guts missing out on $45k of grants! Especially when we put $200k of our own money into it all 🤮😭 Re: Government $40-50k stimulus rebate on new builds 86Jun 08, 2020 7:55 am Hi all, Great scheme for those eligible ... but am interested in the following detail/clarification. We’re eligible for FHOG, and are now looking into HomeBuilder. We haven’t signed our “final” contracts with our builder yet. We’ve only signed preliminary. We should have final contract this week with engineering etc. Would this be considered having entered into a contract after June 4th? I haven’t seen much detail about the types of contracts needing to have been signed. Re: Government $40-50k stimulus rebate on new builds 87Jun 08, 2020 8:31 am friedr1c3 We’re eligible for FHOG, and are now looking into HomeBuilder. We haven’t signed our “final” contracts with our builder yet. We’ve only signed preliminary. Great Welcome to the forum. Then you don't know the final pricing then? Make sure sure you get a share of the grant pie by the way of an extra discount! There are builders/tradies out there that will pull their profits/pants down for your business seek them out. Unfortunately if you have signed up with one builder or the builder owns copyright it will be a different story... move quickly Cheers Chris Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Government $40-50k stimulus rebate on new builds 88Jun 08, 2020 8:39 am StructuralBIMGuy friedr1c3 We’re eligible for FHOG, and are now looking into HomeBuilder. We haven’t signed our “final” contracts with our builder yet. We’ve only signed preliminary. Great Welcome to the forum. Then you don't know the final pricingthe? Make sure sure you get a share of the grant pie by the way of an extra discount! There are builders/tradies out there that will pull their profits/pants down for your business seek them out. Unfortunately if you have signed up with one builder or the builder owns copyright it will be a different story... move quickly Cheers Chris Hey Chris, That’s right. We’ve got an indicative contract (prelim) with basic high-level plans and elevation views, with one small increase due to price hold expiring. Most pricing clauses such as site costs were subject to soil and engineering, which is all done now. Theoretically haven’t received the absolute final costs (and contract). We have been signed with the builder for over a year now. Our situation doesn’t change with or without the grant, but as you say, get a slice of that pie! I’ll run it past our file handler with the builder and see what their thoughts are ... Re: Government $40-50k stimulus rebate on new builds 89Jun 08, 2020 9:20 am If it were me I would be threatening to pull out immediately, LOL but that's just me Fast track a new set of Plans, Engineering into DA Then approach 3 builders with the data and approx quantities tell em to sharpen the final prices OT I am getting swamped with requests for the above and the money won't last long cheers Chris Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Government $40-50k stimulus rebate on new builds 90Jun 08, 2020 1:17 pm Does anyone know what the official government/tax office definition of an "investment property" is? Are all properties that are not the principal place of residence automatically defined as an IP? The reason I ask is because of this clause: "Owner-builders and those seeking to build a new home which will be used as an investment property, or renovate an existing home which is an investment property, will not be eligible for HomeBuilder." We are settling on property purchase this month and are intending on performing a knock down rebuild which will be our eventual "forever home" once completed. So to the first point, we are building a new home as our future principal place of residence, not as an investment property. With the second point, I'm not sure if the existing home is considered as an investment property as there are no tenants currently and there will never be any tenants after we settle as we will begin the construction immediately. I can't find any official definitions from a government website but based on a simple google answer: "An investment property is real estate property purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both. The property may be held by an individual investor, a group of investors, or a corporation." We have no intention of earning a return through rental or future resale as we will be living in it. Re: Government $40-50k stimulus rebate on new builds 91Jun 09, 2020 10:37 am Is cancelling the building contract and then resigning an option? I am not sure if the builders would agree to it also? Re: Government $40-50k stimulus rebate on new builds 92Jun 09, 2020 2:36 pm perfecthome Is cancelling the building contract and then resigning an option? I am not sure if the builders would agree to it also? we are in the same boat, i have asked our builder coral homes for more information but until there are clear guidlines from the state revenue department they can not divulge any useful information either. Re: Government $40-50k stimulus rebate on new builds 93Jun 09, 2020 3:19 pm pickle perfecthome Is cancelling the building contract and then resigning an option? I am not sure if the builders would agree to it also? we are in the same boat, i have asked our builder coral homes for more information but until there are clear guidlines from the state revenue department they can not divulge any useful information either. We are the same here in Perth. Our earthworks start tomorrow and we've asked what's possible, if anything. They've came back and said they're waiting on external sources to provide them more info, and if possible they're happy to do it to help their customers out. Got a feeling it's way too late for us though .. but got that 1% hope!! Haha 🤞 Re: Government $40-50k stimulus rebate on new builds 95Jun 09, 2020 3:56 pm I spoke to our builder. As we’d already signed way back, any changes to the final contract such as contract engineering and fixing site costs, their process is to append these as a post-contract variation which is only short form, and not long form such as the HIA one. Bummer! Re: Government $40-50k stimulus rebate on new builds 96Jun 11, 2020 11:24 am pickle perfecthome Is cancelling the building contract and then resigning an option? I am not sure if the builders would agree to it also? we are in the same boat, i have asked our builder coral homes for more information but until there are clear guidlines from the state revenue department they can not divulge any useful information either. Hi Pickle, as I live in SA, should i be contacting revenueSA first or my builder? I am pretty sure we are still lacking on information. . . Re: Government $40-50k stimulus rebate on new builds 97Jun 11, 2020 11:41 am perfecthome pickle perfecthome Is cancelling the building contract and then resigning an option? I am not sure if the builders would agree to it also? we are in the same boat, i have asked our builder coral homes for more information but until there are clear guidlines from the state revenue department they can not divulge any useful information either. Hi Pickle, as I live in SA, should i be contacting revenueSA first or my builder? I am pretty sure we are still lacking on information. . . The first point of contact should definately be your builder,if they let you resign the contract then you can take the process further with your bank as there might be a new approval needed from the lender. Re: Government $40-50k stimulus rebate on new builds 98Jun 11, 2020 12:30 pm pickle The first point of contact should definately be your builder,if they let you resign the contract then you can take the process further with your bank as there might be a new approval needed from the lender. Yeah I dont think we'll be eligible then what a bummer! Re: Government $40-50k stimulus rebate on new builds 100Jun 12, 2020 11:53 pm You have to purchase house AND land valued at less than $750K, sign the contract and start building before Dec 31st. And it's $25K only (plus the $10K or $20K First Home Buyer's Scheme if you are eligible). Hi, We are looking for a builder that can build a small home (smaller length) on a sloping site. We came across Mojo's Zephyr design 10.6 m wide and 11.5 m length. Does… 0 23040 A person needs to be licensed to offer financial advice. Surely the accountant you use would have been chosen for his/her expertise in this field. Have you asked your… 1 6866 |