Welcome to the settlement journey blog for Northcote Place, Northcote.
 
We’re Property settlement Solutions and we’ve been appointed by Metro Property Development to assist you in your settlement journey.  We will assist in areas such as co-ordinating access for valuations, booking your pre-settlement inspection, key collection after settlement and general enquiries.
 
You can think of us as your settlement concierge; we’re here to help however we can and point you in the right direction with your enquiries.
 
You’ll hear from us a bit during your settlement journey, and this is page is where updates will be posted. Below we’ll be sharing construction updates & photos, as well as posts letting you know when valuations and purchaser inspections are available. Please also check out our Settlement Guide or our Settlement FAQ for helpful tips to assist you with a smooth settlement.
 
For your journey Tania Torres will be your settlement co-ordinator. Please feel free to get in touch with her if you have any questions. Tania’s contact details are located at the bottom of this page.
 
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SETTLEMENT SNAPSHOT

VALUATIONS

Later this year

PURCHASER INSPECTIONS

Later this year

OCCUPANCY CERTIFICATE

Later this year

TITLES

Later this year

CALL FOR SETTLEMENT

Anticipated for last quarter of 2022

LATEST SETTLEMENT UPDATES

Finance Commencement Now

For those of you with townhouses in Stages 1A and 1B, now is the time to commence finance applications, if obtaining finance to complete the settlement of your townhouse.

It is important you commence the process now to settle on time, at the end of 2022 or early into 2023, and avoid any late settlement penalties. 

Do not underestimate the time required to complete your finance applications.

Banks and financiers are experiencing great demand so the timeframe to complete your application may be longer than anticipated or what you have experienced in the past.  

Please contact Port Finance, details below, should you require a hight experienced “off the plan” finance provider. 

As a reminder, here are the anticipated settlement timings for the various stages. 

Stage 1A (Block 1)      December 2022

Stage 1B (Block 2)     End December 2022/January 2023

Stage 2A (Block 3)     January 2023

Stage 2B (Block 4)     February 2023

Stage 3 (Block 5)        February/March 2023

Construction Update

As framing continues through the winter months, we are seeing the first homes in the northern block take shape with cladding applied to the exterior, roofs being installed and internal staircases, insulation and plaster being scheduled over the coming fortnight. Homes are being built progressively from North to South within the development, and Block 2 brickwork well under way and frames almost complete ready for roof sheeting in early August.

The homes are on track to commence settlements from this coming December. At this stage of construction, we are excited to introduce Tania Torres from our settlement team. Tania has been briefed on the project overall as well as construction progress of each run of homes, and will reach out to all of our buyers individually over the coming weeks to go through what to expect as we approach settlement of the homes.

As there are different stages in this project, we thought we would outline what the proposed settlement timing aims are, with an important emphasis on the fact that there may be continued changes to these dates with supply chain issues, trade shortages and any Covid related issues that may impact work efficiencies outside of the control of the developer and builder.

Stage 1A (Block 1)      December 2022

Stage 1B (Block 2)     End December 2022/January 2023

Stage 2A (Block 3)     January 2023

Stage 2B (Block 4)     February 2023

Stage 3 (Block 5)        February/March 2023

Port Finance - Your finance recommendation

In 2001 Port Finance was established to provide residential and investment home loans in Australia.  We have worked with some of Australia’s best known property developers to help clients when purchasing ‘off the plan’ as well as providing finance for many international and overseas buyers.

With a strong long-term relationship with Metro Property Development and the recommended finance broker for their Ascot Vale and Northcote developments, Port Finance can offer clients products from over 30 lenders including high profile institutions and boutique lenders.

Port Finance continues to satisfy their clients with a well rounded and complete financial service.

Contact the team for a no obligation review of any of your financial needs:

E: krysty@portfinance.com.au
T: 03 9006 4703

Settlement Update

Later this year

Important Settlement Information

Later this year

CONSTRUCTION PHOTOS

SETTLEMENT JOURNEY STAGES

CONSIDER FINANCE OPTIONS

At about 3-4 months before settlement you should start to narrow down what financial options you have to settle.

Will you settle by cash, get a home loan, or maybe a combination?

Should you choose to finance with a loan, we recommend you appoint a broker to assist you with your applications.

VALUATIONS BEGIN

We'll let you know once your apartment is ready bank valuations will be available, usually there are required as part of your loan application.

For purchasers bringing money into Australia, make sure you have set up an Australian bank account and begin transferring your money.

PURCHASER INSPECTIONS

At this point construction on your new home is almost complete. We will send you an invite to conduct your pre-settlement inspection.

Any defects picked up in your inspection, will be noted and passed to the builder to begin addressing.

PRE-SETTLEMENT PERIOD

Once your inspection is complete the next stage is to wait for the Occupancy Permit and Titles to be issued so settlement can be called.

Your finance, either cash transfer or Bank loan, should be finalised and ready for settlement.

During this time the builder will continue to address any defects where possible.

SETTLEMENT DAY

Once settlement is called your conveyancer will assist you in preparing for your settlement.

Make sure your loan has been finalised and your cash is ready.

Once your settlement is complete the keys to your new home will be available to collect.

POST SETTLEMENT

Your settlement has been finalised.

We'll pass on details of the move in process and helpful information so you can get ready for your new home.

Your dedicated Owners corporation/ building manager will now be your point of contact & assist you with settling in to your new home.

SETTLEMENT RESOURCES

YOUR SETTLEMENT CO-ORDINATOR

TANIA TORRES
Senior Settlement Co-ordinator

tania@settlement-solutions.com.au
 +61 477 015 826

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IMPORTANT SETTLEMENT INFORMATION

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