CDC Approved!! Now finalising our supplier selections

Having come back from the holiday break, our CDC has been approved. The selections process has taken longer than expected due to most suppliers being on holidays and some taking a while to get back to us. The selections via the Ichijo Colour consultant visits have were smooth and swift, and the requested quotes arrived within a week. 

Trying to stick to our budget has been the challenge, as you constantly remember things you want added or think should be done before the house is handed over.

We have been given an estimated commencement date of the beginning of March 2015, so we are at the home stretch to finalising all selections and our plans going to drafting.


As a side note, we qualified for the New Home building grant of $5000 off the stamp duty when purchasing our land. the conditions of this grant were that the house foundations be commenced within 26 weeks of the land settlement date.

With a start date of beginning of march, this will put us 2 - 3 weeks past the 26 week period, so i have requested an extension to the Office of State revenue. As an FYI for any one wanting to extend the commencement period for the new home grant, the extension request process is as follows:

To request an extension to the 26 week time frame to commence building you need to send a written request addressing the following points;

1. A copy of the front page of your contract to purchase the vacant land.

2. Your postal address - part of the process involves a written letter being mailed to you.

3. The settlement date of your contract to purchase the vacant land.

4. The reasons for the delay in commencing to start construction.

5. The time frame needed to meet the requirement of construction commencing ie laying of foundations.

Once the above information is received you will receive an email confirming whether your request for extension has been approved and an official letter confirming the decision will be mailed to you.

The above information is provided for general clarification purposes only. The information is given without reference to specific or contractual clauses, therefore, the actual facts may vary once submitted for assessment. Any information provided does not constitute a 'ruling' or a binding decision for assessment purposes.

                                                                                       

Please note: The above information cannot be considered legal advice and you may wish to seek independent legal advice.

NSW New Home Grant - For agreements or transfers entered into on or after 1 July 2014 (OFS NHG1) (PDF)