Buying your new home step-by-step
We know that buying a home is one of the biggest decisions you’ll make - especially the first time. We’ve teamed up with our reputable partner builders, to make it as streamlined, transparent and simple as possible. The buying process at Atherstone has been designed to help keeps costs down, ensuring everything is included in the up-front pricing, putting you firmly in the drivers’ seat from day one.
Choose your home
Step 1 - Choose your home
Atherstone is all about flexibility. Choose your builder and home design, and take your pick of a wide range of easy-to-build on, level lots. Once you’ve selected the option that’s right for you, Lendlease will prepare a Land Sale Contract. To buy a house and land package, you enter into two contracts. One is with Lendlease to buy the land, the other with the builder to build the house.
Want more options? At Atherstone you can bring your own builder* and just buy land from our sales team. Townhouses are also available for purchase with everything you need for a convenient life.
Sign and return the Land Sales Contract to Lendlease
Step 2 - Sign and return the Land Sales Contract to Lendlease
Before you are issued the Land Sale Contract for your selected lot, you will be required to pay a refundable deposit of $3,000 which will place an exclusive hold on your selected lot for up to 7 days. In this time you are welcome to take a copy of the contract away with you to review with your solicitor or conveyancer. As with any contract, it’s a good idea to seek legal advice prior to signing. At the time of signing the contract you will be required to pay the remaining balance of a non-refundable 10% deposit on the land contract purchase price. It is a good idea to seek loan pre-approval, prior to signing and paying your deposit.
Work with your builder
Step 3 - Work with your builder
Our recommended builder partners have been carefully selected for their quality reputation, and their willingness to taking you through the details. Once you’ve chosen your home design*, your builder will help you select a floor plan and discuss any upgrades you need that will suit your lot at Atherstone. At this time, your home design will also need to be approved by Lendlease’s development team. Your builder will give you a building contract, and you will need to pay a percentage of the build price as a deposit, which varies from builder to builder. Prior to signing, be sure to take notice of the holding time frame of the build price.
Land registration and settlement
Step 4 - Land Registration and Settlement
Most of the land in Atherstone will be sold ‘off the plan’ as unregistered land. Lendlease will keep you informed on how the development is progressing. Once your land is ready to build on, we will register your individual lot with the government. Your solicitor or conveyancer will be notified once the land is registered. Settlement of your lot will typically occur within 14 days of registration – this is where the land is transferred into your name after the remaining 90% of the land contract purchase price has been paid and any mortgage documents signed.
Building your dream home
Step 5 - Building your dream home
Now your block of land is registered and your builder can start work, you will typically start paying progress payments to your builder. Progress payments are made at various stages of construction – from putting down the slab and erecting the frame, to lock-up and interior completion. Your builder will invoice you at the completion of each stage and your lender or broker can help you arrange these payments.
Step 6 - Moving day!
Congratulations! Your new home is now ready – pick up the keys from your builder and move in. Then it’s time to celebrate! Meet your neighbours at a welcome event, join a community group – and start enjoying life at Atherstone.
*Subject to design approval.
This information has been produced for guidance only and is not an offer or an inducement to enter into a contract or any other agreement. The information contained in this document has been prepared from information available at the time of publication; however, no warranty, express or implied, is given as to the accuracy of the information in this plan nor does Lendlease accept any responsibility for any inaccuracies. All images in this document are for illustrative purposes and are indicative only. The development may not be identical to the images shown or the development described. All projections contained in this document represent best estimates only as at March 2023. Prospective purchasers, investors and other interested parties should make their own independent enquiries as to the details of the development which may be subject to change without notice. This fact sheet was produced by Lendlease Communities (Atherstone) Pty Ltd ABN 16 110 348 10 (Lendlease) and is current as at March 2023.