Find answers to our frequently asked questions. Alternatively, you can ask us anything through our contact form.
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, fencing, window coverings and a driveway. If your home is not ‘turn-key’ then you may be left with thousands of dollars of additional costs needed to complete your home.
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. The purchase price for your new home will include everything included in your contract. This can ensure that you're not hit with any unexpected costs that may occur during construction.
Our service is designed to help all home buyers, including non-first home buyers. Deposit requirements will vary depending on your individual situation such as eligible Government grants and property prices in your location. Contact our team to find out what options are available to you.
Generally, to be eligible for the Government First Home Owners Grant, you will need to be a first-time buyer, Australian Citizen or Permanent Resident and building or buying a brand new home.
Not at all. Our assessment form allows us to get a clear idea of your current situation so we can determine your goals and if we can assist you. It's not a finance application and won't effect your credit score.
Home loan repayments will begin after settlement. If you're building a home you may have the option of a construction loan. This type of home loan is designed for people who are building a home and has a different loan structure to home loans for people buying an existing home.
If your new home 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.
LMI is designed to protect the lender and is generally required when purchasing with a deposit less than 20%. With LMI, home buyers may be able to achieve home ownership with as little as 5% deposit.
Our finance partner at Simplii Finance have access to trusted lenders and specialise in low deposit finance. Interest rates may vary by lender and your current situation, however, our clients have access to standard home loans with interest rates that generally vary between 2%-4%.
Banks are strict when it comes to an applicants credit history. For this reason, home buyers will need to have a good credit history without defaults. If you would like to improve your credit score, you can find some tips at the link below.
We only work with our trusted partner builders to ensure we provide a great service and quality home to our clients. When we sell a new home, we receive a commission. This allows us to provide a free service and our deposit boost of up to $10,000 to help buyers with a low deposit. If you have another builder in mind, we can compare floorplans, inclusions and prices with you.
A guarantor is generally a family member who provides a percentage of their home as additional security towards your home loan. This can help home buyers to achieve home ownership with little to no upfront deposit required. Each lender will have their own policy for guarantors.
Banks and lenders have a strict lending criteria so a good credit history is essential. Lenders will generally require a minimum of 1-2 years from the date Bankruptcy ends or a Part 9 Debt Agreement has been paid and finalised.