NSW - Changes to owner-builder regs 15/01/15

Discussion in 'Information Resources' started by Scott No Mates, 17th Dec, 2014.

  1. Scott No Mates

    Scott No Mates ...and people wonder why?

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    For anyone considering going in as an owner-builder in NSW the ground rules are changing.

    The biggies include not being able to purchase home warranty insurance - so it may become more difficult to finance or sell an OB property :eek:

    All owners/co-owners are restricted for a period of 5 years from undertaking further OB works.

    http://www.mbansw.asn.au/Services/Housing/Changes-to-Home-Building-Laws/

    Plenty of other changes affecting the industry in general eg: maximum deposit for works over $20k will increase from 5% to 10%
     
  2. Scott No Mates

    Scott No Mates ...and people wonder why?

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    The new laws have arrived

    Care of the MBA: Linky