We are pleased to advise you that your apartment will be ready for a bank valuation inspection from February 1st.
If you require finance to settle your apartment your lender may require a bank valuation inspection to be carried out in order to complete the loan application. If you do not need a bank valuation please let us know.
Valuers must contact Tom Hawkins on 0493 072 953 or email email@example.com to make an appointment.
* Please note that these inspections are for bank valuers only.
It is important that your finance application is well underway if required in order to complete the process in time for your settlement. If you have not already started your finance process, you must contact your finance broker or lender immediately.
Purchaser inspections are now expected to begin in late February, dependent on the progress of the final stages of construction. We will be in touch once dates have been confirmed with an further instructions on how to make your appointment.
Settlement timing has also been updated, and is now anticipated for Mid-Late March. It is important to note, the specific settlement date will not be available until both the Occupancy Certificate and Titles for the building have been issued. For more information about the settlement process please feel free to check out our Settlement FAQs
Should you have any questions or concerns about your settlement please feel free to reach out to Tom.
The Team at Olea Caulfield North are please to announce that the building facade is now complete. Photo to the left.
At this stage, we would also like to recommend that all purchasers narrow down their finance options in preparation for settlement in February/March. Should you require a home loan, please begin your application ready for valuations, currently expected to begin in late January. We will be in touch in the New Year with further information about valuation and purchaser inspections and construction updates.
Unfortunately, despite the best efforts of the construction team, unavoidable issues related to COVID restrictions and sub-contractor resources on-site have and will affect the settlement timing for Olea Residences.
The builder currently expects that Valuation appointments and Pre-settlement inspections will be available in January/February 2022 with settlement expected to follow in February/March 2022. Please note; these dates are the current anticipated projections only.
We will continue to update this blog with any changes to settlement timing once available. Please feel free to contact Tom if you have any questions or concerns about your settlement or the above changes to settlement timing.
See below the October construction update for Olea Residences from on the Balmain & Co website:
Construction at Olea continues to bring the building to life. External rendering on the façade is complete and as a result the Mondoclad installation on the West Façade has begun, along with the façade tiling and feature cladding. Internally, timber flooring and carpet installation has commenced, whilst the stone installation and painting to progress. The dismantle of the materials hoist and scaffolding will continue throughout November, along with the works associated with the concrete stairs on the ground floor and the commencement of the pod and paver installation on the apartment balconies.
To see the full update please visit: https://balmainandco.com.au/news/olea-residences-october-2021
Construction on site has now resumed after the construction industry’s 2-week pause by instruction from the government due to COVID-19. Despite this delay, and the re-introduction of the 25% worker limit, it is not expected that the anticipated settlement timing will be affected. However, should there be any changes or updates we will continue to include this information on this blog.
We will be in touch in the coming weeks with further information about construction progress once available.
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.
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.
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.
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.
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.