Another option chosen by some purchasers is to keep their current home as an investment and upsize to something larger. This can provide financial benefits, however, we recommend you speak to your financial advisor about your options before making any decisions.
Here’s where our team is key! Annetha and Alyx are our property gurus, with years of experience and a unique understanding of how daunting the process can be. They’ll be with you every step of the way to help make your dream of buying land, and building the right home for right now, as seamless as possible.
Once you choose a block of land, you’ll need to pay an initial deposit to secure the land. The initial deposit is fully refundable and paid into a trust account. Once the initial deposit has been received a contract signing appointment will be made.
At your appointment, you will be required to sign an unconditional contract of sale and all parties whose name/s appear on your contract will need to attend, along with photo identification such as a Passport or Driver’s Licence.
The civil construction of each land release takes approximately 12 months. Before any machinery comes onsite, plans must be approved by the relevant authorities. Once these are approved, the construction phases would generally include: removing topsoil; laying of sewer, drainage, water and gas systems; kerb and channel installed; electrical and communications cabling laid; and the construction of footpaths and asphalting of roads.
With your land now selected, it’s time to choose a home design and builder. Before you start visiting builders and display villages, you need to think about the home that’s right for you now and into the immediate future. First and most importantly, work out a budget, from here you can decide on the home features that are essential, the number of bedrooms, bathrooms, living areas, garage space, etc. Once you have these sorted, it’s time to search the net, visit builders, walk through their displays and ask lots of questions.
Throughout the construction phases, you will be issued with letters from our conveyancing team providing updates on construction and when settlement is expected. Of course, Annetha and Alyx are always there to assist, answer any questions and provide guidance.
If finance is required, you must obtain finance before settlement. You’ll receive a land title document at settlement and then you can start building your home.
Latest reports from the Housing Industry Association (HIA) and the Real Estate Institute of Victoria (REIV) point to a continued strengthening of the housing market.
According to HIA Economist, Diwa Hopkins, “HIA New Home Sales is the latest among a string of indicators showing an improvement in housing market conditions”.
The comment was in response to the HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states, which the HIA considers a leading indicator of future trends in the residential building industry.
Heard about the Australian Government’s new first home buyer deposit scheme, but not sure if you qualify or completely understand what it means for you? To help you, we’ve pulled together a brief overview of the Scheme and provided some useful links to help you on your way to home ownership a little more quickly.
Let’s face it, buying a block of land and building a brand-new home is incredibly exciting, but trying to find the right loan can be stressful.
To streamline the application process for our customers, Manor Lakes is pleased to introduce Mortgage Domayne, an established mortgage broking company with a team of dedicated professionals and access to competitive rates and loan products on the market.
Through the civil construction phase, you will be issued with letters from our conveyancing team providing updates on construction and when settlements when settlement is anticipated. Of course, Anneatha, Aida and Alyx are always there to assist, answer any questions and provide guidance.
Prior to settlement you will need to have your finance approved. You’ll receive a land title document at settlement and can start building your home.
