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NSW BASIX Proposed Construction Changes
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Check out this quick update on NSW's upcoming BASIX's construction changes.
Minister Paul Scully says if you're under contract before Oct 1 of this year, you will be exempt from the new changes.
IMPORTANT TO NOTE that these changes could add up to an additional $25,000 for houses and $35,000 for duplexes in terms of construction costs.
Essentially these changes are wanting to progress from the current 5-star construction rating to a new proposed 7-star rating!
And it's in this proposed rating change that will see the construction costs increase!
So, if you're considering a new development, we suggest locking in a build contract before Oct 1 !!.
Any questions? Feel free to send us a DM. Stay informed!
Minister Paul Scully says if you're under contract before Oct 1 of this year, you will be exempt from the new changes.
IMPORTANT TO NOTE that these changes could add up to an additional $25,000 for houses and $35,000 for duplexes in terms of construction costs.
Essentially these changes are wanting to progress from the current 5-star construction rating to a new proposed 7-star rating!
And it's in this proposed rating change that will see the construction costs increase!
So, if you're considering a new development, we suggest locking in a build contract before Oct 1 !!.
Any questions? Feel free to send us a DM. Stay informed!