Check the builder on your quote is real, licensed and the same company
Fake or borrowed licences and mismatched ABNs are how homeowners lose deposits.
Copy these from your quote
Rules worth knowing before a deposit
- The contract names one entity.The company on the quote, the licence holder and the ABN should be the same. A similar trading name can hide a different company.
- Home warranty cover in Queensland.Most residential building work in Queensland over A$3,300 needs Queensland Home Warranty Scheme cover.
- The deposit is capped.Up to 10% for contracts of A$3,301 to A$19,999. Up to 5% from A$20,000. Up to 20% when more than half the work is off site.
Rules from QBCC home warranty guidance ↗ and QBCC deposit limits ↗. Check the rules for your contract.