Here you can find answers to our frequently asked questions.
Turn-key means that once your new home is completed, you can turn the key and start living. The build price will include everything a home should have including landscaping and turf, fencing, window coverings and appliances.
If your home is not ‘turn-key’ then you may be left with thousands of dollars of additional costs needed to complete your home. Turn-key will allow you to move in and enjoy your new home to the full.
Stamp duty is payable on nearly all home purchases. It is a tax on the sale of property and shares and covers the costs of changing the title of the property and ownership details. If you’re a first home buyer, there may be concessions available to you. We will ensure you take advantage of available concessions.
A fixed price contract simply means that the builder and client agree to a set price for contracted services at the onset of a project. To put it simply... the purchase price for your new home will include everything included in your contract.
As the buyer you'll feel more confident with a fixed price contract as it ensures that you're not hit with any unexpected build or site costs that may occur during construction. If unexpected costs do arise, the builder will cover these costs.
Our service is designed to assist all home buyers. We can help non-first home buyers and those unable to access the Government First Home Owners Grant.
The deposit requirement can vary depending on available grants and the purchase price/location of the home our clients desire.
We recommend savings of $20,000+ as a good starting point for non-first home buyers. Alternatively, with the help of a Family Pledge Guarantee - home ownership can be possible with little to no deposit.
To help first home buyers enter the property market, Australia introduced the First Home Owner Grant also known as ‘FHOG’. This grant is available for brand new homes or when building a home. Not only does it help first home buyers, it also helps to support jobs and industries such as construction.
If you're eligible for the FHOG, our team will help you to access the grant and complete the necessary documentation. Each state has their own grant amount and eligibility criteria, we recommend checking your eligibility online at the link below.
Not at all. Our pre-qualification form allows us to get a clear idea of your current situation. Through this free assessment we can determine how much you can potentially borrow and let you know what options are available.
We will never make any credit enquiries without your permission first.
Your home loan repayments will begin after settlement. If your loan is a construction loan, your loan will gradually increase throughout each construction stage as the lender releases funds to the builder.
A construction loan will usually be interest only while your home is being built and then revert to a standard principal and interest loan upon completion. We can provide you with estimated cost projections during the time your new home is being built.
Learn more about construction loans at the link below.
If your new home build contract is 'subject to finance' then you will have time to organise a loan for the property you're buying. If in the instance your home loan application is refused by the lender, you may choose to end the contract and not go through with the sale. All of our new home contracts are subject to finance to protect our clients.
LMI is designed to protect the lender and is generally required when purchasing with a deposit less than 20%. LMI ensures the lender is covered if in the instance the borrower was unable to meet the loan repayments and the net proceeds from an enforced sale was not enough to cover the loan.
Although it may seem that there's no benefits to LMI for the borrower, LMI does reduce the lenders risk. Therefore buyers can get into their own home with a smaller deposit as property prices can increase and make it harder to save a high deposit.
Learn more abour Lenders Mortgage Insurance at the link below.
Our Low Deposit Packages come with standard home loans through well known lenders. Interest rates are currently at record lows and typically range between 2% to 4%. The interest rate may vary by lender and your individual situation. Our finance team can help by seeking a suitable option for you.
If you'd like to find out how much you can borrow and what repayment amounts you can expect, simply complete our free assessment form at the link below.
Banks and lenders are strict when it comes to an applicants credit history. For this reason, it's important that you have a good credit rating free from defaults when applying for a home loan.
If you're unsure about your credit history or would like to improve your credit score, you can find some tips at the link below. Alternatively you can contact our team for further assistance.
We pride ourselves on providing a great service and quality homes to our clients. For this reason we only build through our trusted partner builders who we are confident will provide an exceptional product.
It's also important to us that our clients receive a high level of communication and a positive experience. If you have another builder or company in mind, we'd be happy to compare floor plans, inclusions and prices with you.
You can learn more about our homes at the link below.
Family guarantee home loans can be a smart way for you to achieve home ownership with little to no savings while avoiding lenders mortgage insurance. If you have a family member who owns a home, they may be able to provide a portion of their home (usually 20%-25%) as additional security towards your home.
Because different lenders have different products and requirements when it comes to a family guarantee home loan, it's important to understand what's involved. You can learn more at the link below.
In most instances, lenders will treat a Part 9 Debt Agreement very similar to Bankruptcies. Due to strict lending criteria by banks and lenders a good credit history without defaults is required. Lenders will generally require a minimum of 12-24 months from the date the Part 9 Debt Agreement has been paid and finalised.