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V002
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V002

Joined 15 September 2019
Junior Member
2 months2 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

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…

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3 months3 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

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…

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3 months3 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

Out of curiosity I looked at the QLD Treasury website today

The example listed show only 3. There was originally 4
Example – multiple contracts for one renovation.
Nadine is project…

3 months3 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

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…

3 months3 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

That 250 or so were just the applications. So far zero people have been approved or received any money.

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

Final update. I've been assured that the inconsistencies I've pointed out regarding substantial renovations have been raised at the Commonwealth level (The Federal Government) I was told to test my…

4 months4 monthsV002V002 posted:
Custom builder in Brisbane - any suggestion?

Pathway Homes at The Grange, Evermore Homes at Canon Hill. H4 at Bulimba
I'm personally going with Pathway Homes. I also have a sloped block as with many in my area.…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

It seems Homebuilder is aimed more towards first home buyers. First home owner grants + Homebuilder is what most builders are advertising. Your only option is a lowset house under…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

Update. Been advised that bundling the demo into a prelim with my builder is not a good idea. Could open me up to some legal issues. So if you've gone…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

I do have multiple quotes from Demolition companies. That list for those companies was provided to me by the builder I will sign a substantial renovation contract with, probably this…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

That's partially the reason I wanted to pick my own demo contractor. Other part is I wanted a local demo company. Big believer in supporting local business. The list did…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

It still could work out in my favour. If I sign a substantial renovation contract with my builder now. Then pay my builder and my builder pays the demolition company.…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

After reading the guideline numerous times. IF you're doing a knockdown and rebuild you will need a substantial renovation contract. NOT a comprehensive building contract.
Comprehensive building contract puts you…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

All States must follow these Federal Government administrative guidelines. It is worth reading because each State measures all application against these guidelines.

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

Further update. Spoken with Treasury just now. I am right, technically. However the Federal Governments administrative guidelines dictate you must have a knockdown rebuild contract with your builder. So even…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

An update to this. After many, many emails to politicians. I had a call from Treasury. I was told the rules were clear and I didn't qualify because of the…

4 months4 monthsV002V002 posted:
Homebuilder Grant Scheme - Shocking outcome!!

Today I spoke with a QLD Treasury official trying to figure out if our build is considered a knockdown rebuild. We meet all the requirements, perfectly. I read the FAQ…

9 months9 monthsV002V002 posted:
Acoustic requirments for transport corridor - Category 4

Yes I am in QLD and it will be a double storey build. Waiting on a costing now. Won't be signing anything until I know exactly how much this will…

9 months9 monthsV002V002 posted:
Acoustic requirments for transport corridor - Category 4

I recently found out this was a requirement for our new house. 3/4 of the land are in category 4. Anyone had experience with the extra cost associated with this?…

1 year1 yearV002V002 posted:
Need some advice about building proposal

That's something I'm looking into atm. The property was bought before September 1985 so I'm curious if the sale would be exempt from CGT. Talking to a solicitor this week…

1 year1 yearV002V002 posted:
Need some advice about building proposal

I'm all good with a business maximizing their profits but not at our expense. Yep you're 100% right nobody is holding a gun to our head. It is obvious to…

1 year1 yearV002V002 posted:
Need some advice about building proposal

Yes, I'm exploring the other options now. It will be tough, but this 'proposal' put to us stinks the more I look into it. It will take time to do…

1 year1 yearV002V002 posted:
Need some advice about building proposal

Thank you this has been so helpful

1 year1 yearV002V002 posted:
Need some advice about building proposal

Thanks.
I do have some questions. To split the lots I would have to remove the house, correct? It can't be done with the house still on the property? A site…

1 year1 yearV002V002 posted:
Need some advice about building proposal

You're 100% right about the builder not wanting to share info. That was a huge red flag for me. Since posting I've spoken to a friend in Melbourne who works…

1 year1 yearV002V002 posted:
Need some advice about building proposal

That does seem to be the proposal presented to us. We give them the 445m2 lot ($430,000-$450,000), they build our house on lot 2 over 10-12 months. They sell their…

1 year1 yearV002V002 posted:
Need some advice about building proposal

It applies to assets that were purchased on or after 20 September 1985. As I understand it you don't pay CGT on property if it was bought before September 20th…

1 year1 yearV002V002 posted:
Need some advice about building proposal

The 28k tax was the capital gains tax?

1 year1 yearV002V002 posted:
Need some advice about building proposal

Can you list the risk they would be taking? I honestly have no idea what risks the builder would face.
From my perspective they've already shown a lack of transparency…

1 year1 yearV002V002 posted:
Need some advice about building proposal

Thank you. Pretty much what I'm thinking myself. Guess I just needed to hear it from someone else.

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Joined homeone
15 September 2019

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