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June 2020 | Money Matters

STEP 7 – THE CONSTRUCTION PROCESS

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. 

Once construction works have been completed, the compliance process with the relevant authorities begins. Once works are approved, the developer will be issued with a statement of compliance. The stage (plan of subdivision) will be registered at Land Titles Victoria, enabling final settlement to take place.