Home Builder grant for subdivision

Hi all,

I'm relatively new to the forum & property investment for that matter but I'm watcher on many threads since March when I stumbled across some of the ASX threads.

I have a question in relation to the recently announce $25K Home Builder grant which I initially wanted to post in Property Market Economics thread but unable to do so as a newb.

I currently have a PPOR & the idea is to subdivide the 535m2 block, then build a new home in the empty rear block as my new place of residence & apply for the Home Builder grant to assist with the build.

I've read through the fact sheets, FAQs & done thorough searches but can't seem to find any answers as to whether subdivisions meet the eligibility criteria.

 

Hey there,

I don't think a Sub division is classified as a renovation or a build. But if you're using it specifically to build the house then I would say you're eligible for it.

 

If your block is not already subdivided however, you may struggle to meet the timelines for the scheme. You must have a build contract by 31 Dec and start building within 3 months.

 

535m2, is that large enought to sub-divide?

 

Im contemplating doing a Dual Occ. Do you think this will qualify. We will live in one side.

 

Your current intention may be for your elderly parent/s to live in the other side, or your son, daughter, & their respective partner/s. Your intentions may change due to unforeseen circumstances once the property is built. It might be wise to diarise your intentions, so you have a record should anyone ask at some future date.

 

A few of our neighbours have recently built duplexes. I've been keeping an eye on the council's planning register and looks like all the plans to subdivide to 3 are getting knocked back, but they're approving 2.

 

This is my main concern, especially the wait for council approval. The plan is to ultimately subdivide anyhow so I might get the drawings & submit to council then see how we go.