Welcome to DirectBuild’s Quarterly Newsletter.The aim of our Quarterly Newsletter is to bring to your attention changes to legislation/market practices that may affect owner builders, suggestions from other successful owner builders and helpful hints. |
Owner Builder Licensesby DirectBuild AustraliaChanges are proposed to the process of obtaining owner builder licenses in NSW. At present, you can qualify for your owner builder license on-line. However, the Department of Fair Trading has recently indicated that as from 1 September 2010, the qualification requirements will change. As from that date, it will be necessary for prospective owner builders to attend a two day course conducted by Department of Fair Trading in order to qualify for their owner builder license. (In fact, it was originally proposed to change the requirements from 24 June 2010 but this date was recently changed to 1 September 2010.) Read More » Contracts with Tradespeopleby DirectBuild AustraliaWithin 3 days of the trade commences work, it is essential that you verify the currency of the tradesperson’s license and insurances (Worker’s compensation, Public Liability and Home Warranty (if applicable). Finance for Owner Buildersby DirectBuild AustraliaIn recent times, some financial institutions have tightened their requirements for owner builder finance. In fact, we understand that one of the major banks has stepped back from the owner builder market entirely. That said, DirectBuild works closely with several major lenders and these lenders are actively competing for owner builder business, offering flexible terms and very competitive rates. Read More » |
