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.
Step 1 – Seek Financial Advice
Before making the final decision to buy, speak with a financial advisor to understand your options.
1. Choose your house and land package
We have reduced the number of decisions you need to make and done the hard work for you. All the homes have been thoughtfully considered so that each dwelling has been specifically designed for its respective block of land (giving you total peace of mind in knowing that you are buying into a well-designed and considered neighbourhood). All the homes will also be built with quality inclusions as standard within the fixed price, meaning your new home will be ready to move into on day one, with no hidden extras. With this type of purchase, you will enter into two contracts; one with Lendlease to buy the land and another contract with the builder to build the house. Once you’ve chosen the home and land package that best suits your lifestyle, you will need to pay a holding deposit and sign a Sales Advice Form. At this point, a Land Sales Contract will be issued to your solicitor from Lendlease.
2. Work with your builder
Once you’ve chosen your home package, you will work with your builders who will walk you through every detail, help you make selections, like colour schemes, and incorporate any upgrades you require. You will be issued a building contact, where you will need to pay a 5% deposit (of the build price) within 14 days of signing the Sales Advice Form with Lendlease. The whole package has a fixed price, which, once agreed, is all you’ll ever need to pay (unless you choose additional upgrades to suit your lifestyle!) – with no hidden costs, guaranteed. From contract signing to move-in day, you’ll know exactly what, and when, you’re paying.
3. Sign and return the Land Sales Contract to Lendlease
Once you have signed your build contract, you will meet with your solicitor or conveyancer to understand, sign and return your land contract within 14 days for exchange. During this time, you will also be required to pay a 5% deposit on the land contract value, that is non-refundable. Keep in mind that there are fees involved in buying a house, including government stamp duty, property searches, legal fees, mortgage insurance and loan application fees. You can get an indication of these fees by talking to a home loan advisor who can help you understand if there are any additional costs you need to know about.
4. Land Registration and Settlement
As your land is unregistered, settlement will occur within 21 days of registration. Most of the land in Averley l will be sold ‘off the plan’ as unregistered land, which means you are securing your block before it is built and serviced. Once the land is ready to build on, Lendlease registers your individual lot with the government. Your solicitor or conveyancer will be notified in writing once the land is registered. Once all the relevant mortgage documents are signed, the land title will be transferred into your name. As you have already signed a building contract, you will start paying progress payments to your builder (as set out in the building contract) once your land is registered and settled.
5. You move in – and your new life is underway!
Your new home is now ready for you to turn the keys, move in and start enjoying from day one!
6. Home Construction
Now that your block of land is registered and as you have already signed a building contract, you will now start paying progress payments to your builder (as set out in the building contract) at various stages of construction. Your builder will invoice you at the completion of each stage and your lender or broker can help you arrange these payments.
Download purchase process