Ready to Build
Once your loan is approved, and you have received a commencement letter from the bank, you will be ready to build your home.
Contact Us
- Address
Level 1, Office 2, 6 Neville Avenue, Laverton, North VIC 3028
- Email Address
- Phone Number
During the construction phase, the Progress Payment Schedule will have a schedule of 5 stages- also known as milestones.
Slab
This is the first stage of construction, where the foundation slab is measured and poured.
At this stage, 15-20% funds will be required (may include the initial deposit to your builder, which is 5% of your building contract value as per your state/territory)
Frame
At this stage, the exterior frame and/or walls are installed at home. Additionally, this may include channels for electrical and plumbing, gutters as well as insulation along with the support structures. You will need approximately 20% funds at this stage.
Lock-Up
The doors, windows, external walls, and roofing will be installed at this point. The significance of this milestone is that you can actually “lock up” your property. Approximately 20% funds will be required.
Fit Out
At this juncture, the installation of fittings and fixtures is completed. This includes lights, power sockets, and other electrical and plumbing fixtures. Approximately 30% funds will be required.
Completion
This is the final stage, that includes completion of all inclusions as per the contract, like fencing, sire cleaning, final detailing and painting. Approximately 10% funds are required.
