Forum Replies Created
No, I am sorry I dont have current information on that. I would expect that DEWHA will update on that in the New Year.
Cheers
Tammy
http://www.greencountry.com.auJust to point out, the purpose of the sustainability assessment is not soley to gain access to the green loan. My focus when I assess a home is how can I help this household reduce their energy requirement thereby reducing their power bill. I have had electric hot water systems on the incorrect tariff, unnecesarry and inefficient fridges and freezers, numerous appliances on standby needlessly, no insulation, lack of window coverings amongst others. Even without appliying for a loan, these HH will save money by just addressing what they already have. I guess this is the rational why the number of loans available is far less than the numer of assessments.
Cheers
Tammy
http://www.greencountry.com.auHi Hleung,
Yes, only 70K out of the 360K assessed will get a loan. Not everyone will apply for a loan. From the commencement of the program the numbers have been 360000 assessments and 70000 loans. At this stage based on the information we have, once the quota is met that is it. It is on a first come first serve basis and unless further funding is allocated.
So yes, a lot of people may miss out, even though they may be eligible. As with all rebates and subsidies, the fine print is until the end of the program OR until the funding runs out, which ever comes first.
Just prior to Christmas the booking numbers were getting close to 150000. Given that there are only 360000 assessments total, if you are considering having a sustainability assessment then I would organises it before too much longer. And dont forget, whilst there are 360000 assessments, there are only 70000 green loans.
This is going to be one of those opportunities that when it is gone people will say "I didnt know, how come I missed out" and the good old "I should have….."
Cheers
Tammy
http://www.greencountry.com.auHi hleung,
Originally the reports were subject to a lengthy delay (up to 8 weeks, some longer) due to a variety of reasons. I believe that the backlog is all but cleared and a report should take in the order of 3 weeks or so now. I would suggest that if there are any reports outstanding then you need to call and chase it as the assumption is that the reports have arrived safetly unless told otherwise.
Green Loan lenders are here: http://www.environment.gov.au/greenloans/households/loans.html
Whilst waiting for the report, you can use the booking number (BK………) to start the loan application process.
Cheers
Tammy
http://www.greencountry.com.auyes, you are correct Terry. Thank you for that. I had overlooked that component.
Cheers
Tammy
http://www.greencountry.com.au/I should point out that this applies to landlords as well (so long as the house is 12 months or older and has been lived in by someone for the past 12 months). Maybe this could help retrofit a current reno and then pay the loan out when you sell. Could help the cash flow. I am utilising is on one of my rentals to add a solar hot water system, add some awnings on the western side and add a tank. I have talked to my tenants and the rent will increase a bit by agreement. After the rebates, the loan amount is covered by the rent increase so it can work well. Just another tool to be added to the belt.
Again, hope that helps someone.
Cheers
From my understanding, you do reduce your taxable income, but not just on paper. When the property is sold, any profit will be divided according to the designated split and taxed according to that individuals total income, ie your wife will recieve 99% of the profit, which may be good if she is the lower income earner, but dont forget that she also has 99% of the tax deductions whilst the property is held, and if a low or no income, may not be benificial. Only you can know the answer to this one, based on your incomes. A good question for your accountant I guess.
I am not sure how that affects child endowment. Centrelink has a great habit of adding the negatives (ie losses) from property back to create positives, and actually increasing your income.
It may also be as a result of a previous problem on behalf of that pest inspector or one known to him. We recently purchased a house that was known to have had termites (disclosed by owner, and termite bait stations installed). Was advised damage was restricted to area xyz. This was confirmed by both the pest and building reports. Top plate in one external wall revealed damage as suggested. No active termites (as expected). During the reno, it became apparent that the damage was far in excess of what either the pest or building inspector picked up. It turns out that both internal showers had extensive termite damage behind (moist area etc) but as the showers had not been used and the termites were long gone ther was no moisture difference to detect, and as the little buggers had travelled below the top plate, neither inspection picked it up. It was only upon our use we triggered the leaks and when we removed the walls, discovered that the internal frameowrk was swiss cheese.
Basically, unless there are active termites (moisture and temperature can be detected) or visable damage, it can be difficult to ascertain the level of damage. I have no doubt the vendors of our house were aeare of the extent of damage as the original termite treated would have picked up the nests, and they knew about the leaks as they had stopped using the internal showers.
I would be furious with both the pest and building inspectors but they are both relatives and I know they wouldnt do the wrong thing by me. BIL who is the pest inspector has a neat "xray" thingythat lets you see inside walls (picks up heat and or moisture), but of course, cant see damage after the little buggers have gone.
I would suggest the inspector has been caught out like this before and ended up with a furious buyer down the track. If there is nothing to hide, just answer the questions (within reason and get your solicitors OK so you dont leave anything oopen for down the track)
T
I have just moved out of a community title area where there were similar covenances (aim of having textured facades). The same developers following subdivision was a torrens title, also with covenances. Interestingly, in the new subdivision, there are several buildings that dont comply with these covenances, one whom I know. When I asked how they got around it, they said that councils response was "they (council) cannot inforce the wishes of the developer and besides once he has sold it he really doesnt care".
You may find you will get less resistance if you are one of the LAST to build, whereas the resistance would be pretty high if you are one of the first.
All the best,
TammyThe new underground mine going in sparked my interest. It is supposed to be the biggest underground coal mine in the southern hemisphere (or something like that).
Hi There,
I have just been to the site, well done. One thing though, I did a street seach on a few properties I knew complete details of and found a couple of sales missing, and a few incorrect prices. PM me if you wish and I can elaborate.
Cheers
As this forum is essentially anonomous and full disclosure of financials is not given, then I thought it was all only opinions offered rather than advice. I would be interested to hear if it is considered to be different.
TMelbourne, Florida
This property has 9 bedrooms, 9.5 baths, 5 car garage and much more.
The main house is 19,500 square feet, and the guest house is 4,500 square feet.
Appraised at $10.5 Milliom
Price is $5.775.000.00 Million – 55% LTV
A $250K deposit is required.Uh……yup……just what I am looking for
But only if you throw in the cleaner
I would be interested in any thoughts on furthur South in the Bowen Basin? Around Biloela, Moura, Baralaba etc.
Cheers
TammyI dont believe they are mutually exclusive (at least it wasnt when I got both when they first came out), however, I do believe that the owner must occupy for 6 months commencing sometime during the first 12 months. Here is a link that has some FAQ's. Hope that helps.
http://www.osr.nsw.gov.au/benefits/first_home/general/fhplus/Cheers
TammyHave you considered contacting buyers agents in your area. They usually have a database of developers.
Goodluck
TammyHi Swany,
As a start, give Valleyhomes a call. They do alot of duplexes and investment properties in the Hunter area as builders. I have had some dealings with them recently and they seem to be on the ball. As they do a lot of investments, they would be a good starting point to get estimates of costs, council fees, headworks charges, surveyors etc etc. There are many others that you can have an initial consultation with and after a few you should have a very good idea what you need to know. Feel free to PM me if you would like some more names, or just do a seach (google or even yellow pages under builder, look up websites and then visit those that have experience in what you are contemplating).
Cheers
Tammy
You will most likely incur stamp duty at the VALUE amout, NOT the SALE amount.
Is there a reason that she is unable to draw down sufficient equity allowing a buffer for the repayments? A simlar thought to above except she is borrowing the money from herself so to speak.
Cheers
Tammy
Do check because I thought that negatives were added back as a positive (yes I KNOW this doesnt make sense…..but we are talking about centrelink), at least they used to be.
