Become a vip

Helpful Hints

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Helpful hints on buying & building

Building a house can be both exciting and nerve racking all in one, below are some helpful hints on buying and building to ensure a happy and successful home building experience with minimal stress and confusion.

Budget

Talking to a financial advisor or broker to find out how much you can borrow first is always a good first step. This ensures when you are looking at land for sale and display houses, you know what your budget is and this can help narrow down selections of blocks of land, house designs, what inclusions you want to include when building.

First Homebuyers Grants

If you are a first home buyer, you may be able to receive a grant towards the purchase of a new home.

See if you qualify

Pre approval

A finance pre-approval letter will be required from your bank or financial institute at the time of signing a contact. This letter will basically indication a bank is willing to give you a loan, up to a specified amount. If there is a homesite you like, please give us a call and we can place that homesite on hold while you speak to your bank or a broker to obtain one.

Not an Australian Resident

The Australian Government has guidelines for overseas residents wishing to buy land within Australia. If you are not a permanent resident of Australia, ensure you check with the Foreign Investment Review board for requirements.

Find out more

Settlement Agent

When signing a contract you will be required to advise who you wish to act on your behalf  to arrange the transfer of land title into your name (making you the legal owner of the property). They will also be able to help guide you through the process of buying land and advise you of which document you are required to sign and when and ensure a smooth settlement process. If you do not have a preferred settlement agent, Kingsford’s preferred settlement consultant (Borrello Graham Legal) can be appointed to act on your behalf also.

Choose your Builder

When looking at home designs there are two ways you can handle it, choose your homesite first, to ensure you get the location, aspect or size you want; or, choose the house design first and then find a homesite to fit the house you like.  

There is no right or wrong way, it’s purely a personal preference. When comparing builders’ quality, prices and inclusions, if you have chosen your homesite, ensure you take along the dimensions of your homesite to ensure the house design will fit, or ask the builder to look at potential ways to make it fit. Remember you are allowed make changes to house designs. There could be elements you may like better from another design, however speak to your builder about how to create your dream design.

Deposit

Kingsford will require a $1000 (one thousand dollars) deposit to secure your land, at the time of signing your land contract. Your deposit is held in a trust account until settlement. Should your formal finance be declined, you will receive this deposit back upon receipt of a formal letter from your bank or financial institute.

How to buy a homesite

When you have selected which homesite you would like to purchase please give our land sales consultant a call to book in a time to fill out a contact. You will be required to sign a contract to purchase land known as an offer and acceptance contract. The offer and acceptance contract is a legal document entered into by the buyer and seller for the purchase your new homesite. It will include the purchase price, details of any finance required, offers or incentives offered by the developer, settlement terms and any additions to the contract, called annexures. The annexures include details of the subdivision and your specific homesite as well as any building guidelines for Kingsford.

Once you have signed an offer and acceptance contract with your land sales consultant, it will be send off to be signed (accepted) by the seller.

  • A fully signed copy of the offer and acceptance contract will then be issued to yourself and both settlement agents with the land developer;
  • contract acceptance by the developer (at this point you usually have approximately 7 weeks to gain unconditional approval);
  • appointment of a Settlement Agent (they organise the transfer of the title into your name and will guide you through the purchase process); and
  • signing the contract to purchase a house with your chosen home builder.

Applying for a home loan

Once you have signed your contract you will be required to apply for formal finance approval and there will be certain things your back or financial institute will require. Below is a checklist of these items:

  • Proof of income - original pay slips for the required time frame by your bank. If you are self employed, your financial statements with tax returns for the last two years are usually required.
  • Any other income or expenses. This may include trust income, Centrelink benefits, Family Law Court agreements, share dividends or other investment income.
  • Expenses  - including copies any existing loans, credit card statements, general living expenses.
  • A copy of your offer and acceptance contract to buy your new home site.
  • A copy of your building contract.
  • If you want to borrow more than 90% of your property's value, many banks and lenders will ask you to show genuine savings. This means money that you have saved in a savings account for at least 3 months. It does not include money from a first home owners grant, and most banks do not accept a money gift from parents, or proceeds from sale of a car as proof of 'genuine' savings.

Please speak to your financial institute for full details.

Stamp Duty

Transfer duty or stamp duty is the amount of tax you'll pay on any property purchase. How much it will cost you depends on a number of factors, including whether you've bought a home before.

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Moving in must do's

Just before you move into your new home, follow this handy checklist so that first night in your brand-new home is smooth sailing.

Fencing and Landscaping

All homesites in Kingsford come with front yard landscaping and side and rear fencing.

As part of your approval process with Okeland Communities, fencing and landscaping forms will be sent to your builder upon approval of your plans.  These forms need to be completed and returned to us at least 6 weeks before you move in, to allow time to arrange time for your garden design consultation and fencing.

NBN / Telecommunications

You will be required to contact your provider to connect the cable for your telephone and technology requirements. This can often take a number of weeks, so please contact them as early as possible.

Rubbish Bins

Please contact the City of Swan to arrange your rubbish bins.

Utilities

Remember to set up accounts for electricity, and water and make sure you phone at least a week before you move in. Accounts are super easy to set up and can be sometimes done online. 

  • Electricity (Synergy) – 13 13 53
  • Water (Water Corporation) – 13 13 85
  • Gas  - Kingsford is currently not connected to gas. Allowance for bottled gas or solar is recommended. 

Insurance

Ensure your new home is adequately covered for both the building and contents.

(note – building insurance is also a requirement of your bank or lending institution)