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 Averley 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
Averley 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 Averley, you can bring your own builder* and just buy land from our sales team. And in later stages, townhouses will be 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 Averley. 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 Averley 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 Averley.
*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 contents of this information have been prepared prior to completion of detailed design and construction of Averley. Images are intended as a guide only and are artist’s impressions of how the development may appear when completed. The actual appearance, style and configuration of the development may vary without notice and may not be identical or similar to the images shown. As such, this material does not constitute a representation by Lendlease in respect of the depiction of Averley. Lendlease does not accept responsibility for any action taken by intending purchasers in reliance on this information. The final products may vary from the images shown. Images are artist’s impressions only and is subject to change. Changes may be made to the development and construction will be in accordance with the provisions of the contract for sale or planning or authority requirements. Prospective purchasers must make and rely on their own enquiries. This information has been prepared from information available at the time of publication including, in some cases, from third party sources; however, no warranty, express or implied, is given as to the accuracy of the information in this document nor does Lendlease accept any responsibility for any inaccuracies. Nothing in this documents constitutes specific technical, financial or investment advice and prospective purchasers are advised to seek their own independent advice based on their specific circumstances. Any information contained in this document should be ready subject to the terms of an agreement for sale. This information was produced by Lendlease Communities (Pakenham East) Pty Limited ABN 85 629 255 581 and is current as at July 2021.