Browse Forums Building A New House 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 1062 |