Announcements’ News

Sporting Fields & Club House Now Completed

Thursday, June 19th, 2014

IMG_2968Sporting Fields & Club House Now Completed

The Ballina Heights playing fields have been extensively planned to comprise all the elements needed for a high quality outdoor sporting facility and are now completed.

The site comprises 8.6ha and will contain both senior and junior cricket ovals with 2 winter sports fields each (soccer, union, league); a clubhouse with covered and outdoor seating; change rooms, ablution facilities and community hall; playground, skate park, BBQ area and parking facilities.

The land has been shaped and contoured to provide elevated views over both sets of fields.

Stage 8b

Thursday, July 4th, 2013

Stage 8b

Perched high on top of the beautiful Ballina Heights Estate, has some stunning ocean views.

For more information please visit Ballina Shire Council.

To view the latest price list please click here

To view the plan please click here

Ballina Heights Land Subsidy

Wednesday, June 26th, 2013

Due to a Federal Government grant, Ballina Shire Council has developed a scheme to assist low to moderate income earners to purchase land at a $25,000 discount within the Ballina Heights and Cura A Estate and Wollongbar Urban Expansion Area. Please visit the Ballina Shire Council website for further information & eligibility criteria.

First home buyers area also eligible for a $15,000 grant from the government to buy land and build their first home, please visit http://www.osr.nsw.gov.au/benefits/first_home/general/fhogs/ for details. First home buyers are also eligible for stamp duty exemption please visit http://www.osr.nsw.gov.au/benefits/first_home/general/fhplus/ for further information.

All this could save you up to $45,000, so buy a block from the developers now!

 

New South Wales Home Builders Bonus

Friday, June 11th, 2010

The NSW Home Builders Bonus (HBB) has been introduced to stimulate the construction of new homes in NSW. HBB provides a specific exemption for eligible seniors purchasing a new home as their principal place of residence (Seniors Principal Place of Residence Duty Exemption).

The NSW Housing Concession provides a full exemption on transactions relating to vacant land and off the plan purchases where building has not commenced. A partial concession of 25% of duty payable applies to completed homes new homes or off the plan purchases where construction has commenced. There is no limit to the number of new homes a person may purchase under this concession.

The Seniors Principal Place of Residence Exemption fir eligible seniors purchasing a new home that is to be occupied as their principal place of residence. Applicants must be 65 or over and selling their current residence.

To be eligible for HBB the value of the vacant land must not exceed $400,000 and new homes must not exceed $600,000.

The agreement for sale or transfer must be either a new home purchase, or off the plan purchase, or a vacant land purchase. A new home purchase is an agreement for the sale of transfer, or a transfer, of land that is the site of a new home that is complete and ready for occupation.

An off the plan purchase is an agreement for the sale or transfer of land intended to be used as the site of a new home, which is to be built before completion of agreement. A vacant land purchase is an agreement for the sale or transfer, or a transfer, of vacant land that is intended to be used as the site of a new home and which is not an off the plan purchase.

Eligibility Requirements for Transactions

  1. Agreements for sale or transfers of vacant land or a new home will be eligible for consideration under HBB where they are entered into on or after 1 July 2010 and before 1 July 1012.
  2. A new home is a home that has not previously been occupied or sold as a place of residence, and includes a substantially renovated home.
  3. An agreement for sale or transfer is eligible if it is an agreement for sale or transfer for the acquisition of a new home that is completed and ready for occupation.
  4. An off the plan purchase will be eligible only if the agreement for sale is;
    a.) entered into on or after 1 July 2010 and before 1 July 20111 and completed by 31 December 2012
    OR
    b.) entered into on or after 1July 2011 and before 1 July 2012 and completed by 31 December 2013.
  5. For vacant land, construction must commence with the laying of foundations within 26 weeks after the agreement for sale or transfer is entered into, or within any longer period allowed by the Chief Commissioner and the building work must be completed within 18 months after the laying of foundations begins or within a longer period allowed by the Chief Commissioner.
  6. Applications for exemptions or concessions under HBB must be made within 3 months of the date of the agreement for sale (or transfer where there is no preceding agreement).
  7. The agreement for sale or transfer must be for the whole of the land. If the land is a parcel of land on which two or more homes are built or being built, the agreement for sale or transfer must be for that part of the land that is an exclusive occupancy.

Ineligible Transactions

  1. A transfer made on or after 1 July 2010 that is is conformity with an agreement for sale or transfer entered into prior to 1 July 2010 will not be eligible.
  2. An agreement for sale or transfer of a new home is not eligible if it replaces an agreement for sale or transfer made before 1 July 2010 that was for substantially the same property.
  3. An agreement for sale or transfer will not be eligible if the new home or the land on which the new home is located, or is to be built, is intended to be used, or made available for use, for any purpose that is not ancillary to the use and occupational of the land for residential purposes (e.g. for a commercial, industrial or professional purpose).

The Seniors Principal Place of Residence Duty Exemption Eligibility Requirements

For an off the plan purchase where construction has not commenced or a vacant land purchase, seniors will be entitled to an should apply for exemption under the New Housing Concession.  The Seniors Principal Place of Residence Duty Exception will apply where the agreement for sale or transfer is either a completed new home purchase or an off the plan purchase where construction has commenced.

To be eligible for this exception;

  1. All of the purchasers must be aged 65 or over, or where a married couple, or de facto partners are the purchasers, as long as one of them is aged 65 or older.
  2. The eligible senior (and spouse, if any) must move into the home within 12 months of completion of the agreement or transfer and occupy the property as their principal place of residence for a continuous period of at lease 12 months.
  3. The eligible senior must have owned and occupied a home in NSW within the lase 12 months before the date of the current agreement for sale.
  4. The eligible senior (and spouse if owner) must dispose of such former home in the period either prior to, or within six months after the completion of the current agreement for sale.

A person is defined as an eligible senior if;

  1. The person is aged 65 years or older.
  2. The person is an Australian Citizen or permanent resident.
  3. Neither the person, nor the person;’s spouse (if any) has previously had the benefit of the Seniors Principal Place of Residence Duty Exception.

Payment of Duty

Where the 25% duty reduction applies for the purchase of a completed new home, duty is payable within three months of the date that the agreement for sale or transfer is first executed.

For an off the plan purchase, duty must be paid within three months of;

  • The completion of the agreement for sale, OR
  • The expiration of 12 months after the date of the agreement for sale

Whichever occurs first.