With the assurance that your price is fixed and complete. FIXED PRICE NO MORE TO PAY
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Accredited Partner
From start to completion of your home.
Valid unitl 31 Dec 2021
Price locked for 18 months
OUR PROCESS
The Turnkey Building Process OUR POINT OF DIFFERENCE
DEPOSITS
Since we don’t have the onerous process of tender documents, soil testing and the many discussions with a consultant to arrive at your final price, we go straight to ‘Fixed Turnkey Price’ at the very first meeting. What you see is what you get, is the difference between the retail builders and our Turnkey offer.
Your deposits are now due as per the time frame agreed while signing your contracts. The land deposit could be either 5% or 10% of the price of the land, while the construction deposit is always 5% of the price.
If you like the package price and it meets your budget then the next step is
EOI - EXPRESSION OF INTEREST This means you will pay $1000 dollars to lock in the package price, secure the land and commence the journey to building your very own Turnkey home. This is all done via an Expression of Interest form.
COLOURS & FACADE Before contract signing you will be asked to pick your choice of façade and internal colour schemes.
LAND SETTLEMENT Depending upon the title release of your land, you could be waiting a few month or more before your land is ready to settle. The settlement date is normally 14 days after the title release on your block. Your Conveyancer will coordinate with you and your Lender to ensure that settlement is booked and happens on time. We advise you to commence your final loan application as soon as possible so that there are no delays in settlement.
FWD - FINAL WORKING DRAWINGS
Normally the external colour schemes are predetermined by the choice of the façade, but the internal colours are chosen from our predetermined colour charts.
This will be ready approximately shortly after your land settlement happens. You must review these drawings in detail, as this is the final drawings and your home will be built as per these drawings.
You can also visit your Virtual Tours on line to help you see the internal colours as built in various displays across Melbourne. www.turnkeyhome.com.au
BUILDING PERMIT
CONTRACT VARIATION In some homes, you will have options to make some changes or add inclusions. Normally this is very limited as our homes are always 100% complete, but some inclusions may have options to relocate or add too, in this case you will sign a PCV (Post Contract Variation) so that these changes are incorporated into your Final Working Drawings.
CONTRACTS, LAND & CONSTRUCTION Our time frame is normally 7-14 working days to get your contracts ready. Your second meeting will be to sign both land and construction contracts. The soft copies of the contracts are normally available before your appointment and we will email these to you before you come in for your second meeting. This allows you to review your contracts and exchange them with your conveyancer.
Real Value Offer date: 26 October 2021 V1.4
Once your land has settled you must send us a settlement letter from your Conveyancer so that we can apply for a Building Permit. After this is approved the builder will be on site within a short time.
CONSTRUCTION Our single storey homes are normally built within 18 – 22 weeks and our double storey homes between 26 – 30 weeks. These time frames are subject to weather and other delays, but we will try to hand over your home well within the contract stipulated dates.
BUILDING INSPECTIONS We appoint an independent building surveyor to work with you and your builder all the way from Building Permits to Completion. The independent surveyor will ensure quality construction practices and management of inspections and rectification of works if necessary.
TO MAKE BUILDING EASIER
Real Value Offer date: 1st October 2021 V1.2
From start to completion of your home.
Real Value offers We offer a true 100% Fixed Price - When others offer a fixed Base price We offer a great value Home Upgrade | Our interest support is a genuine cash offer
Pay no Interest Offer. Cash Value $5,500 We know how hard it has been for so many, and we want to show our support to as many families wanting to build their dream home. This offer is limited to families building a home on their block of land, settling in the next 18 months. A client who chooses to build a home for residential or investment purposes with one of Turnkey Home Builders, is eligible to receive a refund of interest they pay while building a home. The maximum rebate will be capped at $5,500.*
Home Upgrade Offer Value $13,300 Ceiling Height - 2590mm high ceilings in lieu of 2440mm (to ground and first floor of double story homes) Cooktop - 900mm Cooktop in lieu of standard 600mm Rangehood - 900mm Rangehood in lieu of standard 600mm Oven - 900mm Oven in lieu of standard 600mm Flooring - Timber look laminate flooring in lieu of tiles to Family/Kitchen/meals/entry 20mm Stone Benchtops with 20mm Square Edge to Kitchen 20mm Stone Benchtops with 20mm Square Edge to Ensuite 20mm Stone Benchtops with 20mm Square Edge to Bathroom Splash back - Glass splash back.
Fixed Price Offer - You pay $1,750 By paying this upfront Fixed Price Lock fee, you will automatically receive the Pay no Interest Offer as well as the Home Upgrade Offer. Net value to you is $17,050.
RETAIL BUILDER
BASE PRICE
BASE PRICE
Initial drawings tender
Initial drawings tender
Color selection & upgrades
Color selection & upgrades
6 Star Energy Rating
6 Star Energy Rating
Developers approval
Developers approval
Council requirements Community Infrastructure Levy Site Costs Final Contracts ready for valuation Landscaping and Fencing
COMPLETED
Council requirements Community Infrastructure Levy Site Costs Final Contracts ready for valuation Landscaping and Fencing
This graphic is meant to explain what constitutes a Base Price and it demonstrate how we arrive at a Fixed Price. Some Retail Builders may include some items in their price.
Real Value Offer date: 26 October 2021 V1.4
Standard Inclusions
From start to completion of your home.
GENERAL Fixed Price Contract All Permits as required by Building Regulations Survey and Drafting Plans Engineer designed Slab/Foundations All service connections (excluding consumer account opening and fibre optic connection if applicable) Independent Quality Inspections Full House Clean on completion 3 month Maintenance period Home Owners Warranty 10 year Structural warranty SITE COSTS Fixed price site costs including rock excavation EXTERNAL ITEMS Concrete Roof Tiles as per colour document Colorbond Fascia, Gutter and Downpipes Bricks as per colour document Natural colour Mortar with Rolled joints Brickwork above Windows to front Facade only Painted Infills above Garage Door and all Windows and Doors to sides and rear Plaster Ceiling to Porch and Outdoor Living (if applicable) Two part Termite Treatment Colour Through Concrete Driveway and Path to Porch Letterbox (with numbers) IINTERNAL ITEMS Engineered waffle Slab Pine Wall Frames and Roof Trusses 2440mm Ceiling height to Single Storey 2440mm Ceiling height to Ground Floor and 2440mm to First Floor of a Double Storey Plasterboard Walls, Ceilings and Cornice 67mm Single Bevel Architrave and Skirting 75mm Scotia Cornice 1No. Melamine shelf with 1No. Hanging Rail to Bedroom Robes GARAGE Colorbond Sectional Panelift Garage door with Motor and 2No. Remote Controls Weatherproof door to Rear of Garage (plan specific) Flush Panel Garage/House Access Door (plan specific) WINDOWS Obscure Glazing to Ensuite, Bathroom and WC Aluminium Sliding Windows (unless otherwise nominated) Window Locks to all openable Windows (keyed alike) Venetians to Front Windows, Roller Blinds to remaining Clear Glazed Windows (excluding stairwell) and Sliding Doors DOORS - EXTERNAL Feature 2040mm high x 820mm wide Front Entry Door with Clear Glazing Double Cylinder Deadbolt to Front Entry Entrance set to all external Hinged Doors and Garage/House Access Door (plan specific) DOORS - INTERNAL 2040mm high Flush Panel Doors throughout Lever Door Handles FLYSCREEN / SECURITY DOORS Flyscreens to all openable Windows Barrier Doors to all Sliding Doors HEATING / COOLING Gas Ducted Heating
ELECTRICAL Double Power Points throughout Standard light points with conical light shade Batten holder light fixtures with shade to remainder of home Single weatherproof LED Flood Light with Sensor outside Laundry Hardwired Smoke Detectors with battery backup 2No. TV points 1No. TV antenna (estate specific) 2No. Phone Points KITCHEN 900mm Stainless Steel Upright Cooker and Canopy Rangehood Stainless Steel Dishwasher Standard Laminate bench tops Laminate Base Cabinets Laminate Overhead Cabinets with Bulkhead above Stainless Steel Double Bowl Sink Mixer Tap Tiled Splashback 4No. Melamine Shelves to Pantry LAUNDRY Laundry Trough and Cabinet Mixer Tap ENSUITE Vanity Basin Standard Laminate bench tops Laminate Base Cabinets Semi-Frameless Shower Screen Tiled Shower base Polished edge Mirror to full width of Vanity Mixer Tap Single Towel Rail Toilet Suite Toilet Roll Holder BATHROOM Vanity Basin Acrylic bath Standard Laminate bench tops Laminate Base Cabinets Semi-Frameless Shower Screen Tiled Shower base Polished edge Mirror to full width of Vanity Mixer Tap Single Towel Rail WC / POWDER ROOM Toilet Suite Toilet Roll Holder PAINTING 3No.Coat Paint system throughout Gloss Enamel Paint to Architrave and Skirting ENERGY EFFICIENCY 6 Star Energy Rating Solar Hot Water Service with Gas Booster Insulation to Walls and Ceilings Self-sealing Exhaust Fans positioned above all Showers External venting to all exhaust fans & rangehood LANDSCAPING Combination of Turf, Plants, Mulch and Toppings to front and rear yards. Irrigation Connected to Two Garden taps with Timers Compacted Paths around perimeter of House Timber Fencing, including wing Fence and Gate, to all boundaries Nature Strips levelled and seeded Clothesline
FLOOR COVERINGS Tiles to Wet Areas, Entry and Living areas connected to the Kitchen (as per standard house plan) Cat 1 - Carpet to remainder of House (as per standard house plan)
Turnkey Homes reserves the right to change package details, prices or substitute the make, model and/or type of any of the above products, specifications, inclusions or promotion without notice or obligation. Images are for illustrative purposes only and may not represent standard inclusions. Please refer to final contract documents and final working drawings for exact details. E&OE..
Real Value Offer date: 26 October 2021 V1.4
From start to completion of your home.
The Real Value Offer Every client who has paid the Fixed Price Lock Fee for the amount of $1,750 will be eligible to UNLOCK the following two offers. 1 - Don't pay interest on your loan Offer 2 - Home Upgrade Offer
1 - Terms and Conditions - Don't pay interest on your loan This offer is valid for anyone building a Turnkey Home on your own block of land. The maximum amount of interest support is capped at $5,500 per house contract The interest is calculated on the following basis 95% of the total value of the Construction Contract Interest rate used for calculations is 3% per year Term of the interest support will be capped at 22 weeks calculated from the date of first progress claim invoice. The holding cost interest payment support will be calculated as follows The interest refund will be paid 30 days after the first progress claim (Slab) has been made to the builder. This amount will be deposited into the clients nominated account. Note: the term of 22 weeks is estimated and is not binding upon the builder to meet any deadline to complete the home in this period.
This the manner in which the interest payments will be calculated for the purpose of this offer.
2 - Terms and Conditions - Home Upgrade Offer Ceiling Height - 2590mm high ceilings in lieu of 2440mm (to ground and first floor of double story homes) Cooktop - 900mm Cooktop in lieu of standard 600mm Rangehood - 900mm Rangehood in lieu of standard 600mm Oven - 900mm Oven in lieu of standard 600mm Flooring - Timber look laminate flooring in lieu of tiles to Family/Kitchen/meals/entry 20mm Stone Benchtops with 20mm Square Edge to Kitchen 20mm Stone Benchtops with 20mm Square Edge to Ensuite 20mm Stone Benchtops with 20mm Square Edge to Bathroom Splash back - Glass splash back. The items above will be added at no extra cost to every home that is built under this promotion. The clients must meet the conditions of this offer to receive this Home Upgrade Offer.
Fixed Price Lock Fee With the current uncertainty around the construction industry because of shortages of materials, limitations around trades and price increases in timber. steel and other important supplies, we have found a way to bring certainty to your home build, we therefore offer every client an 18 month price lock. This price lock helps home buyers ensure they are within their budget and not open to uncertain price increases. Our Fixed Price Lock is a true lock and is based on the 100% complete home, not on a 'base price'. The Fixed Price Lock fee must be paid once the client is satisfied with the proposed floor plan and inclusions. Turnkey Home will normally prepared the Construction Contracts within 7 working days. The Fixed Price Lock fee must be paid before contracts are prepared and will be non-refundable and does not become part of your build price. The Great Aus Dream Pty Ltd TA Turnkey Home or Invst Australia reserves the right to vary or cancel this Offer at any time without notice. Current offer is valid for all contracts signed by the 31st December 2021.
Real Value Offer date: 26 October 2021 V1.4
IT'S FIXED AND COMPLETE
RETAIL VS TURNKEY COMPARISON
Retail
Turnkey
Quote to Site Start 16-30 weeks
Quote to Site Start 10-12 weeks
Sales Quote
8 week or more 4 weeks to initial drawings/tender and further 4 weeks to colour selection
Final Contract Signing
Price change Initial drawings tender
$10,000 to $100,000
Up to 8 weeks Can take up to 8 weeks for the Builder to achieve 6 star energy rating and meet Developers guidelines
Apply for Building Permit, this determines the Council requirements Community Infrastructure Levy. Here is when they quote the final price. Initially it was only an allowance.
$10,000 to $30,000
6 Star Energy Rating & Developers approval
$900 to $2,000 Build Permit & Site Costs
$10,000 to $50,000
Up to 2 weeks Final contracts are presented. This is now complete and can be used for your bank and for valuation.
Final Contract Signing
The house is now complete, but depending on the builder, you may be missing landscaping, fencing, driveways, blinds, clothes line, letterbox or even flooring.
House Complete
House Complete
$30,000 to $100,000
Extra Cost estimate
$60,900 to $282,000
No Extra Costs Page 34
ASSURED RENTAL RETURN
ASSURED RENTAL RETURN 100% PEACE OF MIND The Assured Rental Return is available on selected packages, please check with your Sales Agent if it applies to your property.
Investors don't like uncertainty We understand Investors want certainty around the estimated rental return, they don't want inflated and inaccurate figures to suck them in.
Investors want assurance When we present you with our comprehensive Investment Analysis, the rental return, is an Assured Rental Return.
Investors want peace of mind Therefor when you rent your property and if the rent is below our Assured amount, we will pay you the difference for a period of 2 years.* *Terms and Conditions apply
Turnkey Home Properties meet the Minimum Standards for Rental Properties The minimum standards are divided into 14 categories. All rental properties must meet the standards for each category. For leases started after 29 March 2021 or started before 29 March 2021 and roll over into periodic agreements on or after 29 March 2021.
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
From 29 March 2023, all power outlets and lighting circuits in a rental property must be connected to: a switchboard type circuit breaker that complies with AS/NZS 3000 for wiring, and a switchboard type residual current device that complies with AS/NZS 3190 or AS/NZS 61008.1 or AS/NZS 61009.1.
YES
NO
WINDOW COVERINGS
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
LOCKS The property’s external entry doors must have functioning deadlocks or be fitted with locks that can be unlocked with a key from the outside but can be unlocked without one from the inside.
TOILETS
The property’s toilet must be in good working order and connected to either: sewerage system wastewater treatment system any other system approved by the local council.
BATHROOM A rental property’s bathroom must have a washbasin and a shower or bath, and be connected to a reasonable supply of hot and cold water. Showers must have a shower head with a 3-star water efficiency rating. If one cannot be installed, for example because of the property’s age, then a shower head with a 1- or 2-star rating is acceptable.
KITCHEN The property must have a kitchen with: a dedicated cooking and food preparation area a sink in good working order connected to a reasonable supply of hot and cold water a stovetop in good working order that has two or more burners. If there is an oven, it needs to be in good working order.
LAUNDRY If there is a laundry on the property, it must be connected to a reasonable supply of hot and cold water.
STRUCTURAL SOUNDNESS The property must be structurally sound and weatherproof.
MOULD AND DAMP All rooms must be free from mould and damp caused by or related to the building structure.
ELECTRICAL SAFETY
From 29 March 2022, windows in rooms likely to be used as bedrooms or living areas must be fitted with curtains or blinds that can be closed, block light and provide privacy.
WINDOWS All external windows in a rental property that can be opened must be lockable. They must also be able to be left open or closed. If the window can’t have a lock fitted, it must have a functioning latch to keep it closed.
LIGHTING Inside rooms, corridors and hallways must have access to light to make the areas functional. During the day, natural light can include light borrowed from an adjoining room and at night, renters should have access to artificial light.
VENTILATION Rental properties must have adequate ventilation in all rooms including the bathroom, shower, toilet and laundry. The property must meet the appropriate ventilation requirements of the Building Code of Australia, which are different for different kinds of properties. You can search resources in the Australian Building Codes Board resources library.
HEATING Rental properties must have a fixed heater (not portable) in good working order in the main living area. If a fixed heater has not been installed in the main living area by 29 March 2021, the rental provider must install an energy efficient heater. From 29 March 2023, the heater must also meet energy efficiency standards. This means that if a renter enters into a rental agreement from 29 March 2023, there must be a fixed energy efficient heater in the main living area. If there is an existing fixed heater that is not energy efficient, the rental provider must upgrade it. You can download our guide for more information: Minimum rental standards for heating - Residential Tenancies Regulations 2021.
VERMIN PROOF BINS Rental providers must supply a rubbish bin and a recycling bin for the renter to use. The bins can be provided by the local council or purchased elsewhere, as long as they are vermin proof and meet council collection standards.
More information is available from Consumer Affairs Victoria. Investors are advised to do their own research before buying an investment property.
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With the assurance that your price is fixed and complete. FIXED PRICE NO MORE TO PAY
o N y pt em es is om pr