Hi there , we’re Property Settlement Solutions, welcome to the settlement updates page for OLEA Caulfied North!
 
We’re appointed by the developer to assist you in your settlement journey, from now, right up until you collect your keys. 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 where most updates will be posted – the settlement update page. On this page we’ll be sharing construction updates, photos, letting you know when valuations and Purchaser Inspections are available, as well as some helpful tips and advice to assist you with a smooth settlement.
 
Although we’re quite knowledgable about the settlement process, we aren’t trained legal professionals. We’ll leave that to your conveyancer. They will be able to look after questions about your contract of sale, stamp duty or other legal aspects of your settlement.
 
For your journey Tom Hawkins will be your settlement co-ordinator. You can contact Tom on 0493 072 953 or email to tom@settlement-solutions.com.au.
 
 In the meantime, please feel free check out the frequently asked settlement questions or drop Tom an email. We look forward to helping you out along your settlement journey at OLEA Caulfield North. 
 
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SETTLEMENT SNAPSHOT

VALUATIONS

To be Confirmed

PURCHASER INSPECTIONS

To be Confirmed

OCCUPANCY CERTIFICATE

To be Issued

TITLES

To be issued

SETTLEMENT TO BE CALLED

Anticipated for January 2022

LATEST SETTLEMENT UPDATES

!

SETTLEMENT & CONSTRUCTION UPDATE | AUGUST

Last month, along with the state-wide lockdown, the Victorian government introduced new restrictions capping the workforce on any building site at 25% of the workers usually on the site. Unfortunately, despite the best efforts of the developer and builders at Olea Residences, the restrictions put in place will affect the completion of the building and have push back the anticipated settlement to January 2022.  

The good news is the builders have managed a great deal of progress onsite despite their smaller workforce.  

Externally, the building’s structure and roof have now been completed.

In the apartments, windows, balcony sliding doors and plasterboards have all now been installed. The builders have begun works on painting and installation of flooring, both tiles and floorboards. Kitchen cabinetry has also been delivered to the site and installation will commence shortly. 

A new photo of the exterior of the building has also been added in the photo section below. 

CONSTRUCTION UPDATE | JULY

Construction continues onsite as The building’s structure and roof have been completed. The Builder has now commenced installation of plasterboard, windows and building exterior wall. Installation of building services and lift are currently under progress. Kitchen cabinets and cupboards have been ordered and will arrived on site for installation.

A new photo of the exterior of the building is now available below.

CONSTRUCTION UPDATE | JUNE

Construction at Olea remains on schedule as the structure is now well and truly out of the ground.

The building structure is now complete with roofing near completion. Installation of partition walls in the building has commenced along with with services installation currently, which is currently under progress. Windows and Building exterior walls are due to begin installation in the coming weeks.

Feel free to check out the new photo below to see the structure’s current progress.

CONSTRUCTION UPDATE | MAY

The building structure has continues to progress well as concrete pours have advanced from the basement to level 3.

The installation of precast and the wall framing system on ground floor through to level 2 have commenced. Services installation in the basement has also begun and will continue into next month along with the structure as it progresses towards top-out.

CONSTRUCTION UPDATE | QUARTER 1 2021

Basement works continue at Olea Caulfield North as basement excavation has now been completed. Below ground works, including civil works and basement waterproofing, are being completed along with the installation of the tower crane.

With the tower crane now operational, works on the structure components of the building can begin. It is anticipated building structure will come above ground by end of this month.

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

Generally 6-8 weeks prior to settlement.

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 INSEPCTIONS

Generally 4-2 weeks prior to settlement

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

TOM HAWKINS
Settlement Coordinator

Tom@settlement-solutions.com.au 
0493 072 953

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