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In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%). Whether you choose to build or buy an established property, each option comes with its own set of pros and cons that you’ll need to weigh up. Let’s get into how these two investment options stack up against one another. This is all the time you're making loan repayments without earning a rental income when you otherwise could be if the house already existed. You might be able to get a fixed contract from your builders so you pay a fixed amount of money for construction, but there are still other costs that can be added on.

If you provide false or misleading information you may face a substantial penalty. You can apply for the First Home Owner Grant (New Homes) scheme through your bank or financial institution when you’re arranging finance. Your agent will lodge your application form on your behalf after you have ticked the declaration box, printed your name clearly and dated the form.

All of our two storey home designs feature Reverse Cycle Air Conditioning, concrete slab to upper and lower floors, stone benchtops and European designed fittings and fixtures throughout. Our 2 storey homes also have the option to upgrade to a Luxury package that offers up to $80,000 of bonus inclusions. DT Construction WA, a Penmaes group company ,are a Perth based building & construction firm. We have a range of First-time home builder support construction capabilities across both residential and commercial projects. Our years of experience in residential construction allow us to build and renovate all types of housing, including single-family homes and multi-unit developments, such as apartments.

We may ask you to verify that you have met these requirements later, by providing us with documents that support the period of occupancy for all applicants. You can be eligible for the grant provided you have not owned property in Australia before. If you’re a member of the Australian Defence Force, you may be exempt from the six or twelve month residence requirement, providing all buyers are on the New South Wales electoral roll. This means the first sale of a property will not be a new home if the person who built it lived in it, leased it out or used it for short-term accommodation. Your first new home can be a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated. This means, each applicant, must live in the home full-time, with their personal belongings.

In Western Australia, factors like orientation, slope, soil type, and local planning requirements can significantly impact both design possibilities and construction costs. The My Homes WA story forms part of the Vespoli Group’s 25 year history. In 1993 Managing Director Gino Vespoli started the Vespoli Group in Perth with the launch of Vespoli Constructions. Over the years, Gino Vespoli has grown the business and achieved great success; one of WA’s leading Commercial Construction Companies specialising in Tilt up Panel Construction. As our client’s satisfaction is our number one priority, we can sum up DTC as Detail-orientated and Timely. Contact our team today to learn more about how our Perth building company can make your building vision a reality.

All our inspectors have years of experience in the residential construction industry. They know how to liaise with your builder, trade, seller or real estate professional in a language they understand, which is critical when rectification works are required. It provides an opportunity to discuss findings in real-time, ask questions, and gain valuable insights into the property’s condition. Every job is handled by licensed, insured professionals with over a decade of experience in Perth’s unique building conditions.

Property value caps may apply, depending on when you enter or entered into your contract. To help you work out if you are eligible for the First Home Guarantee, use the Eligibility Tool for a quick check of the main eligibility criteria. The tool is only a guide and your Participating Lender will confirm your eligibility. As an applicant, you were required to meet the following eligibility criteria.

One of the key benefits of Developed managing your project is our town planner's often First-time home builder support aid in allowing on time and smooth project approvals reducing delays and unforeseen issues. Our surveyors further aid in the prompt issuing of plans to ensure the tilting process is not delayed. With a sound understanding of the WA planning framework, we can help you navigate successful outcomes. We are development managers who help astute working professionals to get into the business of property development in Perth, western Australia. We use our extensive experience to provide Bulk and detailed earthworks designs for a...

That’s why we offer a Best Price Guarantee—if you find the same service from a qualified competitor at a lower price, we’ll match it. Our Director Simon Vito has performed over 1000 inspections of buildings ranging from residential prepurchase inspections through to staged construction inspection of both residential and commercial projects. Our team perform field investigations, lead multi-party examinations, First-time home builder support and document all damaged property. We research failure modes and code requirements where necessary and, together with our extensive knowledge and technical skill, we prepare recommendations for repair and/or remediation.