Victoria Owner Builders Important

When building these are the main complaints and defects, that were found by the Victorian Building Authority during its review of Victoria’s Building Regulations.

12.5% of new residential properties reported defective work of some kind, average cost of around $5,000 found from Defective building work research.

The main complaint is building work in adjoining properties. This could be your neighbour; complaining about your project, where your project or where your home renovation is situated on the block and damage to their property.

The study also found most buildings with defects had more than one with the most significant defects being water & footings defects.

Interestingly, windows and doors (16%) plastering (9%) and Brickwork/Masonry (8%) are also highlighted.

If you are an Owner Builder and about to commence your project, please be aware of the above issues, if you sell and provide warranty to the purchaser as then these defects are the ones you need to be aware of when supervising the trades.

Ensure you keep your neighbours aware of your plans so there isnt a surprise that you are building and that you’re committed to protecting their home.

Keep the lines of communication open, with neighbours, also your subbies and suppliers so that no shortcuts are taken that would affect your neighbours property.

P.S If you are a W.A Owner Builder or VIC Owner Builder, the defects and complaints noted in the above article you also need to be aware of, as if you sell and require Warranty insurance, then these are the main areas that you need to monitor.

The same if you are a NSW, TAS, QLD Owner Builder or a S.A Owner Builder and live in your home you want nothing to go wrong or affect the amenity of your home. Be Aware!!

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Knockdown and rebuild your Dream House

Love the area where your life but not so happy about the house. A knockdown might be your answer.

Whether you’re more into the address than the abode or yearning to upgrade the house you’ve outgrown, a knockdown rebuild could be the solution to feeling more at home in your desired suburb.

A knockdown rebuild involves knocking down an existing house and rebuilding on the same block. From the freedom of a clean slate to saving time and money, here are the advantages of a knockdown rebuild, plus where to start on your dream of owning the best house on the best street.

Love where you live

Grown into your community but grown out of your house? Rebuilding keeps you in the neighbourhood you love but upgrades your home to align with your needs. You’ll stay perfectly positioned by remaining close to your friends and favourite coffee shops, restaurants and parks. A knockdown rebuild suits growing families wishing to stay near their children’s schools, empty-nesters wanting to downsize with more premium features, and professionals desiring a closer commute to work and the city centre.

Clean slate

While a renovation has its boundaries, a knockdown rebuild allows you to start – and dream – from scratch. You have the freedom to hit reset and choose new themes, room sizes, layout, and coveted extras like larger cupboards and additional bathrooms. You’ve got a clean, transparent slate, which isn’t always the case with renovating, when hidden – and stressful – surprises can often surface once work gets underway, like leaky pipes, unsafe wiring and patch-up jobs that quickly clock up more time and money.

Save time and money

A knockdown rebuild potentially adds value to your patch. Building a brand new property on existing land can not only increase your happiness, but can also potentially increase its resale value. You can save cash because the design is packaged into the build, and avoid lengthy delays with a considerably shorter build time without waiting for registration for land. The option gives you more bang for your buck, says iBuildNew General Manager Tim Nichols. “With the average cost of building in Melbourne around $1,395 per square metre and around $1,200 outside of Melbourne, you may be able to achieve a new single storey home design for under $250,000,” he

says. “This is dependent on the size of the house and any demolition costs, but regardless, the additional savings by avoiding stamp duty are significant.”

Go for green

A blank canvas can be the beginning of a more sustainable base. You have the power to build an energy-efficient hub, which in turn can save you money. Think technological advances, sustainable building materials and renewable energy sources such as solar and rainwater. Plan ahead and optimise the orientation to maximise seasonal sun exposure, shade and cross ventilation. Add clever gadgets, set up smart technology and install automated lighting or security features as futuristic finishing touches.

Safe and sound

A new home means a fresh – and safe – start. At the end of the knockdown rebuild process, you’ll own a home that’s built to standards and adheres to building codes and regulations. Many aspects will also be secured with warranties. Gone are the potential safety issues like structural faults, lead paint, asbestos, mould and faulty wiring. Complete the picture by designing and installing a home security system.

Start with questions

Before you begin dreaming up your new design, it’s best to do some groundwork. Check if your land is suitable by firstly requesting a Section 149 from your local council. This will outline any planning information, zoning and restrictions, but be sure to ask for any additional requirements or information. When choosing a builder, Tim recommends asking if they have experience in knockdown rebuilds and what they’ll have to complete to be successful for the knockdown rebuild. “Ask them about required demolition, what permits are needed, and what services are included in the builder quote,” he says.

Interesting article on another option to renovating or extending your existing home.

While checking out builders pricing, Owner building should also be considered, refer to other articles on our website to gain a better understanding of the advantages or Owner building.

* Source: Design your dream home with a knockdown rebuild – Living Well- Jenna Meade- 20 July 2021

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Failure to allow a contractor to fix defects could reduce the damages allowed

Bedrock Construction and Development Pty Ltd v Crea [2021] SASCA 66 illustrates the risk to owners of not allowing a contractor the opportunity to fix defects before seeking to recover the cost of doing so from a third party.

The Court of Appeal considered whether an owner (Crea) unreasonably refused the contractor (Bedrock) access to the site to fix defects. At first instance, the judge found it was reasonable for the owner to refuse to allow Bedrock to fix the defects. You can find our previous discussion of the first instance decision here. However, the Court of Appeal’s judgment focuses on ensuring that the parties are kept to the terms of their bargain, allowing the contractor to fix defects as required under the contract. In this instance, the contract provided Bedrock with a contractual opportunity of at least 10 working days to rectify any defects. But, Crea failed to afford Bedrock with access to the site to fix the defects.

Justice Doyle (with whom Justices Livesey and Bleby agreed) observed that, on a strict view, Crea might not recover any amount from Bedrock since Crea did not afford Bedrock the 10 working days opportunity to fix defects. However, on the evidence, the Court of Appeal found it appropriate to reduce the damages award. Nonetheless, the decision is a stark warning for the need for principals to ensure that they follow the contract provisions dealing with the rectification of defects unless there is a good reason to depart from them, lest they find themselves unable to recover the full, or any, amount from the contractor.

Original Source: The Major Projects & Construction Team

For more information visit AOB

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House renovations: Is becoming an owner-builder the solution to your problems

Article written by Kerrie-Anne Jones original article found here

Interior stylish Kerrie-Anne Jones turned owner-builder after a bad home renovation experience. Follow her grand design as the discovers the intriguing ups and surprising lows of her new career.


After our last renovation (adding another level and cosmetic changes to a terrace home) I said I’d never renovate again. We had a builder who decided to up and leave for the UK, with two months left on our build.

I was heavily pregnant and my husband Andrew stepped in to get it finished. Now here I am, undertaking a much bigger project, this time as an owner-builder. With travel restrictions in place, at least I know my tradespeople can’t leave the country.

We lived in the inner-city suburb of Darlinghurst, Sydney, for several years and while we loved our home, we longed for a decent backyard for the kids and to be closer to family who live in the Sutherland Shire.

Stylist Kerrie-Ann Jones, husband Andrew Jones, daughter, Poppy and son Ari Jones at their Dolans Bay property renovation site. Picture: Darren Leigh Roberts

Our daughter Poppy was turning five (in 2019) and starting school the following year, so we decided it was the right time to leave the inner-city life, for a sea change.

Our dream was to find a mid-century home that received north-facing sun, had a decent yard, near or overlooking the water. We looked all over Sydney for months and found this gem in Dolans Bay. It ticked all the boxes. However, it was in desperate need of renovating and we knew it wouldn’t be cheap. So I asked my dad if he could help renovate with me and he agreed. (He may have regrets now).

The home is on a subdivided block and the developer we bought from (and now our neighbour having built on the bottom block) needed to get various approvals before we could settle.

A renovator’s delight. Picture: Supplied

With a fantastic view. Picture: Supplied

And insides that needed to be gutted. Picture: Supplied

So we put down our deposit in October 2019, and waited. During this period, I jumped through hoops to get my owner-builder licence and we engaged local architect Peter Couvaras to rework plans made by the previous owner. We liked what Peter had done and so continued with him, making just a few adjustments.


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Peter has been wonderful with helping us navigate the owner-builder challenges. Once the subdivision approval came through in March 2020, we settled the same month and submitted our plans to council a week later.

The plans were approved in May 2020, but it turned out to be such a challenging year and we didn’t commence renovating until October 2020. It’s been game on ever since.

Owner-builder Kerrie-Ann Jones. Picture: Darren Leigh Roberts


As an interior stylist (and former style editor for an interiors magazine) I’m exposed to lots of great design. My creative process has been to edit down what inspires me and adapt it for this home while staying true to my signature style.

Our goal was to retain the integrity of a mid-century home, yet with a modern freshen up. While we’ve had to demolish many of the home’s internal features, we’ve made sure to incorporate mid-century elements wherever possible.

After living in a terrace with many stairs, we valued the luxury of having everything on one level. So we adjusted the floorplan to have all the bedrooms and living areas on the same floor. We even moved the laundry from downstairs to be upstairs next to the bedrooms.

Cosmetically, the home will have a warm neutral colour palette with sandy beige tones and hints of seaside sage. All joinery will be built with a walnut finish, as commonly used in mid-century furniture and will have soft curved edges for a modern take.

Inspo moodboard for Dolan’s Bay.


Internally, we have demolished some walls and reconfigured the floorplan by switching the kitchen and dining, and also combining two small bedrooms to create one large master ensuite. We’ve added an extension for the kids’ bedrooms at the front of the home, and the downstairs level is now a bonus living space with a guest bed and ensuite, rumpus room, home office and gym.

We are replacing a majority of the beams on the upper level. The existing roof has been removed and the roof pitch has been elevated from flat to a two- degree angle. A new roof will be installed with solar panels. Airconditioning will be installed throughout the home and electrical rewiring. We are also replacing all windows but we are sticking with the mid-century timber profile.

Halfway there. Picture: Darren Leigh Roberts

All bathrooms will be renovated and a kitchenette downstairs will be installed. We are also building a new kitchen upstairs, fireplace and joinery in the living room and replacing the floor downstairs. It feels like the list goes on.

My dad often jokes that it would have been easier and cheaper to knockdown and rebuild, but then we’d lose the charm and quirks of the home.

The process of renovating as an owner-builder isn’t for the faint-hearted. I’m grateful to my dad Keith, who has been on-site with me every day, helping me navigate this process. He is a brickie and stonemason by trade, so he has a wealth of experience and a black book of tradie contacts to call on. There is no way I could have taken this on without him.

Thanks Dad.


March 2020 – Settled on our new/old home.

May 2020 – Plans approved, structural engineer and private certifier engaged.

October 2020 – All site fencing erected, structural demolition begins. Set up water tank in the old pool and spread dirt over the top. Digger in for the new pool.

Kerrie-Ann Jones, her father/builder Keith Sharpe and son Ari. Picture: Darren Leigh Roberts

November 2020 – Concrete pour to widen the garage and laundry extension. Removed existing upstairs and downstairs balconies due to concrete cancer. Concrete poured for new balconies, pool formwork completed. Carpentry work begins.

December 2020 – New garage walls bricked in and laundry bricked up.

January 2021 – Plumbing, airconditioning and electrical rough-in done.


Owners: Kerrie-Ann and Andrew Jones.

Build project: Renovate and decorate a mid-century red brick home for our young family.

Design goals: Balance mid-century features with modern design and practicality.

Progress report: DA approved, demolition done and construction now under way.

Lessons thus far: I wish I were better organised. Due to the obstacles we faced in 2020, I was unable to dedicate more time to planning the intricate details. On some occasions, we’ve just winged it and I’ve had to make decisions on the spot, therefore feeling out of my depth.

More Coverage

Deadly hidden danger taking root in our homesThe tiny, weird rooms uprooting our homes

A family project. Picture: Darren Leigh Roberts

Although I work in interiors, construction is a whole other ball game. I’m used to being creative and when I’m on-site, it requires logical thinking and being decisive. Our tradespeople have been very patient and accommodating of my shortfalls.

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Check your flexible water hoses

  • Damaged flexible hoses are a major cause of water damage in Australian homes
  • Insurance can provide cover, but sentimental items can be destroyed, and homes left unliveable during the repair process
  • Check and replace your flexi hoses regularly.

An unassuming, inexpensive plumbing kit item is the culprit behind thousands of dollars in water damage to Australian homes. Escaped water from a burst braided flexible hose can cause significant damage, leave a home unliveable, and destroy sentimental items in a matter of hours.

Burst braided flexible hoses are a major cause of water damage in Australian homes. Escaped water from a flexible hose can cause tens of thousands of dollars in water damage, leave a home unliveable, and destroy sentimental items in a matter of hours.

But many of us don’t know the significance of the hose found lurking under our sinks and rarely think of checking them, says QBE’s Arron Mann, General Manager of Short Tail Claims.

What is a flexible hose?

Commonly known as a ‘flexi hose’, a flexible hose is a versatile and malleable rubber pipe armoured in braided layers of stainless steel. They’re part of many Australian home fit outs and can be found in connections from the wall outlet to sinks, toilets, washing machines, dishwashers, taps connected to home mains, plumbed fridges and more.

They can cost as little as ten dollars.

Why should braided hoses be replaced?

Their limited lifespan means they need to be checked and replaced, says Mann.

“Not many people are aware of this, but they are only designed to last five to ten years and when they eventually burst, they have the potential to flood your house and cause extensive damage.”

Incorrect installation, damage through lack of maintenance such as rusting, fraying and kinking can also cause them to degrade faster than anticipated, adds Mann.

What happens if a braided hose bursts?

A burst flexi hose can release the equivalent of a suburban swimming pool through your home in just 24 hours if no one’s around, says Mann.

“If it happens while you’re at work or, worst-case while you’re away on holiday or travelling it could be disastrous. Water from a burst hose in one room can quickly flood into the rest of the home even when there’s a drain.

“For example, a leak in a second floor bathroom can spread through multiple floors drenching everything in its path – that can mean flooring, ceilings, furniture and appliances. If you’re in an apartment, a flood from a flexi hose can cause serious damage to your neighbours’ homes and common areas too.”

In the best-case scenario, Mann says, you’ll be at home when it happens and can turn the water off at the mains. The downside is you’ll still likely be dealing with damage.

Does home insurance cover a burst flexi hose?

If you’re without insurance water damage from a flexi hose could cost you tens of thousands of dollars.

If you have home building and contents insurance, your policy will usually cover you, says Mann.

“Many home insurance policies, including QBE’s home and contents insurance, will cover you for damage caused by a sudden escape of water from flexible hose failure.

“But checking your policy documents and Product Disclosure Statement (PDS) to understand limits, exclusions, payable excess and your current sum insured levels is essential.”

Braided flexible hoses under a sink are a major cause of water damage

Tens of thousands of claims for damage caused by failed flexible hoses are lodged with insurers every year. But even if you’re insured a burst hose isn’t good news.

That’s why prevention is key, says Mann.

In some cases, damage can leave a home unliveable. Families may need to spend weeks away from home while the property dries and extensive repairs are completed.

“We put our customers in temporary accommodation in these cases – but the impact of having to leave your home and losing sentimental items can be significant.

“Regular checks to avoid damage and the need to claim also helps us control the cost and volume of these claims. These costs ultimately impact the cost of the premiums customers pay – so the lower they are the better.”

How to check if a flexible hose needs replacement?

Checking flexible hoses is simple, says Mann.

“Go home tonight and look under your sinks and around your house for your flexible braided hoses that connect your hot and cold water. You’ll be surprised how many you have.

“There should be an expiry date tagged on your flexible braided hose which householders can look for.

“If it has expired, or there is no tag, then contact a professional plumber to check them immediately,” says Mann.

“I’d also urge householders to have their flexi hoses assessed by a professional plumber every two years to check for other factors that can cause failure.

Original article posted here

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First home buyers guide: Grants and assistance in each state and territory

The federal and local governments have launched several grants and assistance programs to help their citizens achieve the great Australian dream of owning a home.

Find out which of them are available to you today:


First home loan deposit scheme (FHLDS)

The FHLDS is an Australian government initiative to support eligible first home buyers to build or purchase a new home sooner. There are currently 27 participating lenders across Australia offering places under the FHLDS.


HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of a revised $15,000 (from $25,000) to build a new home or substantially renovate an existing home.

First home super save scheme (FHSS)

The FHSS scheme allows first home buyers to save money for their first home inside their super fund. This is aimed to help first home buyers save faster with the concessional tax treatment of superannuation.

States and territories

In most states and territories, all applicants must be an individual, not a company or trust, 18 years of age or above. At least one of the buyers must also be an Australian citizen or permanent resident.


First Home Owner Grant

First home buyers who intend to purchase or build a new home may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme. This is available for: contract to buy a new home; building contract by the land owner; owner of the land building their own home; and some recently renovated homes.

Purchase price for a new home must not exceed $600,000, while land and home must be no more than $750,000.

First Home Buyer Assistance Scheme

The scheme entitles first home buyers to a concessional rate of transfer (stamp) duty or a total exemption from making the payment altogether. In contrast with the First Home Owner Grant, this scheme applies to buyers of existing homes, new homes and vacant land on which they intend to build a home.

From 1 August 2020 to 31 July 2021, the thresholds for full exemption are $800,000 for new homes, $650,000 for existing homes and $400,000 for vacant land.


First Home Owner Grant

A $10,000 grant is available for buyers intending to buy or build their first new home, while a $20,000 grant is available for new homes built in regional Victoria for contracts signed from 1 July 2017 to 30 June 2021. The home can be a house, townhouse, apartment, unit or similar, with the contract price at $750,000 or less.

First home buyer duty exemption, concession or reduction

First homes bought on or after 1 July 2017 may be eligible for an exemption or concession from duty, while those who entered into a contract before the data may be eligible for the first home buyer duty reduction. This scheme applies to both new and established homes, as well as vacant land.

The home must be valued at no more than $600,000 for exemption and $600,001 to $750,000 for concession.


First Home Owner Grant

For buyers who enter into a contract dated 1 July 2018 or later, the state offers a grant of $15,000 towards buying or building a new house, unit, or townhouse, granted that the value is less than $750,000. The home to be bought or built must be new.

First home concession

First home buyers who intend to buy or build a residence or vacant land may be able to claim any one of the following concessions, namely home concession, first home concession, and first home vacant land concession.

One does not have to be an Australian citizen or permanent resident to claim a concession in Queensland, but an additional foreign acquirer duty may apply for foreign applicants.

Queensland Housing Finance Loan

This program is available to Queensland residents, with good credit and savings history and a household income under $141,000 per annum, who can afford to buy or build a home but could not secure private finance from banks or building societies. The loan can be used to buy an established house, unit, townhouse or duplex, or to build a house.

Upfront costs include a deposit of 2 per cent of the purchase price, application fees, mortgage registration fees and independent financial advice, which can be reimbursed up to $100 once loan is approved.

Western Australia

First Home Owner Grant

Buyers or builders of their first new home may be eligible for a $10,000 grant through a one-off payment. This applies to new residential dwellings only or homes that have undergone substantial renovations.

First home owner rate of duty

First home buyers, including those who intend to purchase an established home, may be entitled to the first home owner rate of duty on the transfer of home or vacant land, provided that the home does not exceed the value of $530,000 and the land does not exceed the value of $400,000.

Those who do not qualify for the concessional rate due to exceeding the thresholds may be eligible for the residential rate of transfer duty.


A private organisation in partnership with the WA government, Keystart offers lower entry costs and other flexible loan terms, including low deposit and shared ownership home loans.

South Australia

First Home Owner Grant

First home buyers could be eligible for a grant of up to $15,000 on the purchase or construction of a new residential home with a market value of $575,000 or less.

HomeBuilder grant

This scheme provides a grant of $25,000 to first home buyers and other eligible owner-occupiers who intend to build a new home, substantially renovate an existing home or buy an off-the-plan/new home, provided that the contract is signed between 4 June 2020 and 31 December 2020.

Homestart finance

Through this program, loan deposits can start from as low as 3 per cent of the purchase price or property value, with less money to pay upfront.


First Home Owner Grant

Residents who purchase or build a new home in Tasmania between 1 July 2016 and 30 June 2022 could be eligible for a $20,000 First Home Owner Grant. This can be used in conjunction with the Commonwealth HomeBuilder Grant.

First home buyer duty concession

This scheme provides a 50 per cent discount on property transfer duty for first home buyers of established homes valued at $400,000 or less and purchased between 7 February 2018 and 30 June 2022​.


Home buyer concession

More buyers are now eligible to be exempted from paying stamp duty in ACT, provided that they don’t exceed the income threshold based on the total gross income of all buyers and their partners (if any), which range from $160,000 for buyers with no dependent children to $176,650 for buyers with five or more dependent children.

Northern Territory

First Home Owner Grant

Those who intend to buy or build a new home can now apply for a $10,000 grant. The income and price of home won’t affect the grant provided.

BuildBonus grant

Introduced in February 2019, the grant has been extended to 31 March 2021 to provide new home builders and buyers up to $20,000 for contracts signed before 31 December 2020 and $12,000 for contracts signed between 1 January and 31 March 2021.

Date of application will depend on the type of transaction entered (i.e. purchase of a new home or unit, contract to build or owner builder)

Territory home owner discount

For residents buying an established home, a new home or land to build a new home, the local government offers up to $18,601 off stamp duty, provided that the home is the applicant’s principal place of residence.

Home buyer initiative

This initiative assists low- to middle-income earners in the purchase of a new residential property or building on vacant land. Eligibility will depend on annual household income, which must not exceed the limits provided.

Income limits range from $80,000 for a household with one person to $127,500 for a household with six or more people.

HomeBuild access

The scheme allows access to low deposit home loan options for newly built homes and purchase of vacant land to build a new home.

Purchase prices are limited to $475,000 for two-bedroom properties and $550,000 for properties with three or more bedrooms.

Original article found here

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Water Leaks – Owner Builders Watch

I bet you did not know that according to Chubb Insurance1
water leaks are more expensive than fire and theft when it comes to claims rectification.

Out of sight – out of mind.

When building or renovating taking notice of pipes and hoses
is the last thing you as the Owner Builder are worried about.

However, internal water damage can be more costly to fix and
depending on where the leak is, difficult to find and can cause long term
damage. Most home insurance policies will not cover the leak because they
consider it to be part of the building process.

They may even consider the leak to be a defect or a
maintenance issue, that you should have been aware of, flexi hosing is a risk
and its potential failure you should have been aware.

Solution, you should consider is a shut off device
that can be installed by a plumber.  This
will limit the amount of water that if a burst pipe or flexi hose escapes into
your home, it could even save you money on your Home and Contents Policy after
finishing building.

1Chubb Get Smart about Water Leaks

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Save Money – Owner Build

Owner Builders you may have missed out of the Federal Government’s hand out but each state has increased their First Home Owners Grant or have a stamp duty discount, a Building Bonus even a grant for household goods.

Below is a list of what you are entitled to when building, so check out your States/Territory’s incentives for you as an Owner Builder.

Since 1987 we have been helping Owner Builders and the two main reasons to Owner Build have not changed – Control of the project and to save money, and how you save money is to take the place of the builder and save his margin and this can be up to 40%-50% in the case of renovations.

So take advantage of the governments offers.

Original article from Domain

NSW – $35,000

On top of the new HomeBuilder grant of $25,000, NSW first-home buyers already have access to a $10,000 grant for new properties costing less than $600,000 and owner-builder/building contracts worth less than $700,000.

If you’re buying land to build a new home, the total price – including the land and home – must be no more than $750,000.

There is also no stamp duty payable on property under $650,000, or vacant land under $350,000, while properties between $650,000 to $800,000, or vacant land between $350,000 to $450,000 get discounted stamp duty.

That’s a saving of up to $24,740 on a $650,000 home.

Victoria – up to $45,000

Victorians already had a $10,000 grant available for new first homes, and $20,000 for new homes built in regional areas, valued at $750,000 or less. They also don’t pay stamp duty on property under $600,000, with discounted stamp duty applying on property between $600,000 to $750,000.

That’s a saving of up to $31,070 for a home worth $600,000.

First-home buyers building or buying a property in regional Victoria can claim $45,000, while those buying closer into Melbourne will receive $35,000.

Queensland – $40,000

Queensland first-home buyers already got $15,000 towards buying or building a new house, unit or townhouse valued at less than $750,000. With the federal government’s HomeBuilder scheme, that will take the total available to claim to $40,000.

Queenslanders also don’t pay transfer (stamp) duty on homes costing less than $500,000, and a discounted rate up to $550,000. That translates to a saving of $15,925 on a home under $550,000.

Western Australia – $55,000

First-home buyers in Western Australia already had access to $10,000 to put towards the cost of building or buying a new home, but the past week has seen their incentives go next level.

On Sunday the state government announced it would spot home buyers a bonus $20,000 for new residential builds on top of the $25,000 already offered by the HomeBuilder scheme.

For first-home buyers, that takes the total cash pool to $55,000 – and that’s before the stamp duty concessions. 

Based on a purchase of $430,000, a first-home buyer would save $14,440 in stamp duty.

ACT – $25,000

Despite the ACT receiving the least amount of help, all ACT first-home buyers are exempt from paying stamp duty on all properties under a concession scheme which applies to new and established homes as well as vacant land, and at any price, as long as the buyer earns less than $160,000.

Prior to the scheme, ACT first-home buyers had $7000 available to them, but the grant was scrapped to make way for stamp duty abolition.

Tasmania – $45,000

Tasmanian first-home buyers were already eligible for a $20,000 grant from their state government. This applied to any new property, of any value.

Tasmania provides a 50 per cent stamp duty discount on properties below 400,000, which equates to a saving of nearly $7000.

South Australia – $40,000

A grant of $15,000 is already available for new properties valued at less than $575,000, so the HomeBuilder grant will take the total for South Australian first-home buyers to $40,000.

All first-home buyers pay some stamp duty in South Australia, although there is an off-the-plan stamp duty concession available of up to $21,330 on properties under $500,000.

Northern Territory – up to $55,000

A number of grants are available in the NT, as outlined on the Home Owners Assistance web page, but they include a $10,000 grant for first-home buyers, as well as a BuildBonus grant of $20,000.

Any home owner is eligible for BuildBonus but it is limited to the first 600 applications.

There is also a discount on stamp duty that could get first-home buyers up to $18,601 off the cost of stamp duty, as well as a scheme that gives them up to $2000 towards the cost of household goods.

Not including the stamp duty exemptions or the household goods grant, first-home buyers in the NT could get up to $55,000 in cash incentives once the new HomeBuilder grant is factored in.

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The Affordable Building Option

affordable housing

Owning a home has always been one of the primary Australian dreams. It seems like our passion for building and renovating increases more each day. Industry figures show that for renovating and extensions alone, the daily spend around the country exceeds $12 million. That means we are spending about $500,000 per hour, $8,300 per minute or $149 per second. Hard to believe isn’t it?

Even though these astonishing figures are doing wonders for the national economy, at the same time home builders are looking for ways to minimize the cost of their new home. So how and where do we find the solution to building the most cost-effective homes? The answer lies in two words – Owner-Building!

By becoming an Owner-Builder, the property owner can decide to supervise or carry out as much of the construction work as they are able. Regulations pertaining to Owner-Building vary in every state of Australia and prospective Owner-Builders need to educate themselves on all local regulations, as they have to take on all of the statutory requirements for which a registered builder is responsible. The Owner-Builder will be responsible for organizing and controlling all works carried out on the site including occupational health and safety, taxation and arranging mandatory inspections.

More and more property owners are looking to control their own projects. As an Owner-Builder, you will have the opportunity to save money and create wealth, as well as achieve the finish you really want that suits your lifestyle. Building this way will prove to be exciting, whilst the results and cost saving can be extremely satisfying.

The decision to Owner-Build or renovate is being taken more and more seriously by individual home owners these days as they understand the benefits. Some of the advantages of Owner-Building include:

Cost Saving: The amount of money saved will depend on the level of expertise shown by the Owner-Builder. One area of savings that can be made by Owner-Builders is the margin traditionally charged by registered builders on the construction, materials and services provided. The level of savings will depend on their negotiating skills for materials and contracted services and the functions an Owner-Builder can perform themselves.

Increase in value of project: Apart from the monetary savings, Owner-Builders can inject better value into the project. Value can mean a larger home or extension for the same outlay or better fittings and finishing.

Project Control: As the Owner-Builder, you will be in control of your projects; that means you will be the decision-maker from the time you start until the time you finish the project. If you want changes made during the construction process, you can do so and not end up paying a hefty premium as a penalty. This flexibility will allow the decision-making process to be enjoyable and productive.

Wealth Creation: Every dollar not spent paying a builder means more in your pocket as the Owner-Builder. Many Owner-Builders have created wealth as the value of their property escalates compared to the actual construction costs. Prospective buyers are willing to pay more for a carefully constructed dwelling which reflects the value of the property. This feature is maximized by Owner-Building.

At Australian Owner Builders we know that many home owners have completed their projects successfully and have surprised even the greatest skeptics. They have minimized the cost of building and created the lifestyle they wanted.

We hope you can do the same.

The post The Affordable Building Option appeared first on Australian Owner Builders.

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