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STOCKLAND BUILDING GUIDES

Your easy steps to settlement

STOCKLAND BUILDING GUIDES – YOUR EASY STEPS TO SETTLEMENT

Tip: Keep a copy of your contract of sale handy during this period so you can refer to it if needed. Your legal representative will also let you know the key dates.

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The big picture Congratulations on taking the next step in your new home journey and welcome to the Stockland family! In any property purchase, settlement is the big day you finalise the deal and take legal possession of your new asset. When you’re buying vacant land, there may be a few more steps along the way, so this guide is about helping you reach settlement so you can get started on building your new home. Before land can change hands, it must be completed by the developer and registered with the relevant land registry. If you are buying land “off the plan” it simply means you’ve purchased a block that has not been completed and registered yet. Once your block is ready, Stockland will advise you and your legal representative of the settlement date.

The Customer Relations team is here to support and guide you through your new home journey as you make the move to a Stockland community. If you have purchased a block of land that is being constructed, you’ll receive contruction updates so you know when exciting milestones are achieved. Remember you must be ‘opted in’ to email receive our updates. These updates support the ongoing relationship you will continue with your Sales Professional. To opt in or if you have any queries for the customer team, they can be contacted via customercareteam@stockland.com.au

The information in this publication is provided as a guide only. All images and statements are based on information available to Stockland at the time of publication and may be subject to change without notice. The contents of the publication should not be considered legal, financial or other professional advice and you should consult an expert before making a decision based on anything contained in this publication. Any references or links to third party websites are for information purposes only and Stockland does not represent or warrant that the information on those websites are complete or accurate, nor does it endorse those websites or any company, product or service mentioned on those websites. Stockland will not be responsible or liable to any person for any loss, damage or injury arising (whether directly or indirectly) from the use of or reliance on anything contained in this publication.

For more information FREECALL 13 52 63

STOCKLAND BUILDING GUIDES â&#x20AC;&#x201C; YOUR EASY STEPS TO SETTLEMENT

Tip: The timeframe allowed for settlement after registration gives your legal representative and your lender time to make the final arrangements.

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Steps to settlement

If you are buying land that is already registered or titled, your settlement date will be outlined in the contract of sale. If your chosen block is yet to be registered and have its own title, you might be interested in the steps leading up to your big settlement day. While all of the work will be done by our Stockland team and shared with your legal representative, itâ&#x20AC;&#x2122;s handy to know a bit more about the process.

Approvals

Registration

Settlement

Once construction of your land is finished, plans are then submitted to the local council, together with other documents for endorsement. When these have been approved by council, this is called plan sealing.

Next the survey plans and other stamped documents are lodged with the relevant land registry, which will then advise us when your block has been registered.

When the land has registered, we will contact your legal representative and let you know the day of settlement, in keeping with the sale contract.

For more information FREECALL 13 52 63

STOCKLAND BUILDING GUIDES – YOUR EASY STEPS TO SETTLEMENT

Tip: Many communities have Display Villages and each display home will comply with the relevant design guidelines. This is a great way to see some examples and get ideas.

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Approvals you will need For most buyers, the main approval they need to have in place before settlement is finance. This must be in place before your contract of sale can proceed to settlement so will probably be an early focus of your attention.

Finance Approval

However, you will also encounter other approval requirements as your home building journey continues and it will then be your builder who will take care of these.

Each home in a Stockland community is approved by our design team to ensure it meets the design guidelines for that Stockland community and is in keeping with the overall style and vision for that community. In most cases your plans will be submitted to us by your builder or architect using our special online application system called “The Builder Portal”.

Design Approval

For more information about the the Design Essentials and Builder Portal, please go to the Stockland website and type Builder Portal into the search bar.

Building Approval

This is the final approval you need to start building. Once Stockland has approved your design application, your builder will obtain a permit from the local council or a registered building certifier so that construction can commence.

For more information FREECALL 13 52 63

STOCKLAND BUILDING GUIDES – YOUR EASY STEPS TO SETTLEMENT

Tip: Reputation is everything so find out as much as you can about the builder you’re considering.

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Deciding on a builder It is most likely that you will now be working on the second stage of the new home process – deciding on what home to build and who to build it.

How long have they been in business? What do their customers say?

These investigations will result in your preferred builder providing a tender for the construction of your home. This should tell you exactly what is included and the cost. If reviewing more than one tender, it is very important to ensure you are comparing “like with like”. For example, check with each builder if items such as site costs are included in the price they are providing so you can make an informed decision. Along the way, you will start to get a feel for what you can expect to pay for different aspects and just like other steps in your journey, make sure you ask questions if something doesn’t seem quite right.

For more information FREECALL 13 52 63

STOCKLAND BUILDING GUIDES â&#x20AC;&#x201C; YOUR EASY STEPS TO SETTLEMENT

Tip: Your building envelope may affect the size and shape of the home you can build so take the time to understand your chosen block.

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Some finer points Building envelope

Boundary pegs

Rubbish on my lot

Temporary fencing

The building envelope is the area within your lot in which building is permitted.

Boundary pegs are used to define the boundary of your lot and should all be present prior to settlement.

We are responsible for clearing your lot before settlement so please let us know if you notice anything that needs to be removed.

Consider installing temporary fencing around your lot to prevent the dumping of rubbish and construction materials on your property. Fencing also secures your home site during construction.

Details like this and other important information about the construction of your home can be obtained from your builder.

If for some reason itâ&#x20AC;&#x2122;s not possible to define a boundary, we will notify you.

After settlement, it will be up to you and your builder to keep your lot tidy.

For more information FREECALL 13 52 63

STOCKLAND BUILDING GUIDES â&#x20AC;&#x201C; YOUR EASY STEPS TO SETTLEMENT

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Some finer points

- continued

Dividing fences

Fencing and landscaping

NSW and QLD

VIC

Generally the owners of adjoining land share the cost of a dividing fence. Now is a good time to discuss this with your neighbour and agree on a type of fence and the cost. Chances are, they have been thinking about talking to you as well. Your local council can provide neighbour details.

It is important to consider your fencing well in advance as it can often take time to receive approval from your neighbours. After you have obtained quotes you will need to contact your local council for your neighboursâ&#x20AC;&#x2122; details so that you can pass the quotes on for approval. If council advise that Stockland still owns the neighbouring lot please email your quote for approval to fencingvic@stockland.com.au

A fencing package is included in your contract with Stockland and it provides for colorbond side and boundary fencing. Landscaping packages are also included in some communities, as a standard they include wintergreen turf, reticulation, plants, mulch and approved street trees. This may differ so please refer to your contract for clarification.

Once your quote is assessed it will be returned to your fencing contractor so it is important to keep in close contact with your contractor.

For more information FREECALL 13 52 63

Thank you For more information please call us on 13 52 63 or email us at customercareteam@stockland.com.au