The Housing minister was in Hobart last Thursday for an emergency meeting and the team take a quick look into what took place:
- New announcements for additional funding for affordable housing through companies like Centacare Evolve Housing
- New advisory board set up comprising of the Mayors of all six municipalities along with the property council of Australia
Then in this week deep dive, the team take a closer look into building your own home and cover:
- The team talk about the advantages of building VS buying an existing home
- Owner Builder VS spec home build Vs Contract Build which is best
- Owner-builder - full control,
- You need to know some building knowledge to keep the project moving forward
- Need to have time to work on the project (flexible working hours)
- Need to have building contacts to streamline the process
- Contract Build - you buy the land and hire a builder
- You get to choose items for the home but the choice is minimal
- Most choices need to be signed off early in the piece
- Need to make progress payments throughout the build
- You get guidance from the building team
- Spec Home Build - Buying a new home that's finished
- This can be purchased off plan
- You don't have to hand over any money until it is complete and you take ownership
- You get little if any choice
- You still qualify for grants
