Your questions answered.

When building a new home, you control the outcome, especially when it comes to design, floor plan, colour palates and what budget you’re working to. As an investor it also provides peace of mind to stay up to date with rental requirements and has the benefit of stronger returns for future tenants.

A masterplanned community is designed to bring people together. As the name suggests, it is a community where every building and amenity is planned from the beginning of the project.

In most masterplanned communities, the parks, road maps, open spaces and design guidelines are developed to create a look and feel for the community – a place for homeowners to love and be proud of.

Oak Grove is a community that not only celebrates the surrounding natural splendour but epitomises the best in contemporary living and urban design. These leafy streets, plentiful amenities, and premium homes shape the perfect environment for families to thrive. Design guidelines in place protect your investment and offer improved value by enhancing and ensuring the overall character of the development. The like-minded nature of our residents also enhances the feeling of community, making Oak Grove a place where people love to live.

Details might change, so please check with your conveyancer, or visit the State Revenue Office website for up-to-date information.

The deposit is traditionally 10% of the purchase price, but this may vary. Speak to our team to discuss what deposit options are available.

The balance of funds is due at settlement. There will be communications as certain milestones are achieved (e.g., Practical Completion, Statement of Compliance). In these communications, there are reminders to touch base with your financial institution as settlement approaches.

As per the State Revenue Office in Victoria, land transfer duty is calculated on the dutiable value of your property. This is the price you paid for the property or its market value, whichever is greater. Duty is calculated depending on the value of your property and when the agreement or arrangement for the transfer was entered into.

This amount may vary if you are a foreign purchaser or are entitled to any exemptions. To learn more or to calculate how much stamp duty you will have to pay on your new property purchase, visit the State Revenue Office website.

The Victorian State Government is currently offering $10,000 to eligible first home buyers who purchase a property for $750,000 or less. The purchase price includes the land and the contract cost for construction.

Details might change, so please check with your conveyancer, or visit the State Revenue Office website for up-to-date information.

The first step to obtaining finance is to speak to us. We work closely with mortgage brokers to assist you with your purchase. The broker will ask you to prepare you finances and budget before submitting any applications.

Alternatively, you can speak to any financial institution for more information. There are many online resources that can help you find out more about the process of obtaining finance.

The benefit of a mortgage broker is they have access to a plethora of banks and financial institutions, their loans, rates and offers currently available.

Some FAQs about brokers include:

• How many lenders does the broker deal with?
• How does the broker get paid?
• What fees do they charge you?
• How does the broker identify the best solution?
• What is the actual cost of the loan?
• Is the broker a member of the Mortgage Industry Association of Australia?

The main difference is that a bank lender can offer you the product they have within their company. Whereas a mortgage broker can offer rates and products from various banks and financial institutions to best suit your situation. Mortgage brokers act as your advocate in negotiations with lenders.

To complete the property settlement, a solicitor or conveyancer is required. Your legal representative prepares all documentation, collate cheques or Pexa transfers and handles everything on your behalf. They also assist you with the paperwork involved in the transaction, including the contract of sale and Section 32.

Each stage varies in title times. There are several milestones that need to be achieved prior to titles being released and eventual settlement. Please refer to the Purchaser Hub for more information on each stage, the progress made and what milestones remain.

An easement is a section of land registered on your property title which gives someone the right to use the land for a specific purpose even though they are not the landowner. An example is a shared driveway. There are also certain statutory easements which are not registered on your title, such as power or telephone lines, or drainage easements. If you wish to build over a statutory easement, you will need to get consent from your local council.

For other easements, you will need to get consent from whoever the easement is vested in. An easement should have no effect on the day-to-day enjoyment of your land. The important thing about easements is to be aware of them and know the terms of any which affect your property, so contact your legal advisor to be sure.

Oak Grove is located in Clyde North, centred in the City of Casey. This region-on-the-rise offers so much amenity – spanning retail, green space, sporting and leisure, education, and transport – with even more planned for the future. Cardinia Creek to your right. Everything else to your left. Oak Grove’s closeness to the M1 Princes Freeway and South Gippsland Highway is ideal for life’s errands and activities. Everything’s within reach at Oak Grove.