SETTLEMENT SNAPSHOT
VALUATIONS
Open for Lots 6-10 Open for lots 40-49
PURCHASER INSPECTIONS
Open for lots 6-10.
OCCUPANCY CERTIFICATE
Lots 6-10 Achieved lots 40-49 Anticipated for Late July/Early August.
TITLES
Issued
CALL FOR SETTLEMENT
Lots 6-10 settlement due 11th July
LATEST SETTLEMENT UPDATES
June 2024 - Timing Update
Please note that the Preston Place site is a working construction site with no access to purchasers unless they are attending a pre settlement inspection. Please do not arrive onsite unless previously arranged.
Lots 6-10 Valuations are now open and purchaser inspections are anticipated to start in late June.
Lots 31-39 Settlement is anticipated for Mid/Late August 2024.
Lots 40-49 Please ensure you are talking with your lender and your pre approval is now in place. Settlement is anticipated for Early/Mid August 2024 .
Lots 50-65 Settlement is anticipated for August/October 2024.
Please note all dates are anticipated until settlement is called and your legal rep informs you of your actual settlement date.
May 2024 - Timing Update
Please note that the Preston Place site is a working construction site with no access to purchasers unless they are attending a pre settlement inspection. Please do not arrive onsite unless previously arranged.
Lots 6-10 Please ensure you are talking with your lender and your pre approval is now in place. Settlement is anticipated for Early June 2024
Lots 11-16 Valuations are open and Settlement has been called. Purchaser inspections are now open.
Lots 17-30 . Purchaser inspections are open, Settlement has been called, please refer to the dates above.
Lots 31-37 Settlement is anticipated for July/August 2024
Lots 38-49 – Settlement is anticipated for July/August 2024
Lots 50-65 Settlement is anticipated for August/October 2024
Please note all dates are anticipated until settlement is called and your legal rep informs you of your actual settlement date.
April 2024 - Timing Update
Lots1-5 Settlement has been called and is due on Monday 29th April
Lots 6-10 Settlement is anticipated for Late May/Early June 2024
Lots 11-16 Valuations are open and Settlement is anticipated for Early May 2024
Lots 17-30 Valuations are open and Settlement is anticipated for Early-Mid May 2024
Lots 31-37 Settlement is anticipated for Q3 2024
Lots 38-49 – Settlement is anticipated for Q3 2024
Lots 50-65 Settlement is anticipated for Q4 2024Mid-Late
Please note all dates are anticipated until settlement is called and your legal rep informs you of your actual settlement date.
Late March 2024 - Timing Update
Lots1-5 Settlement is anticipated for Late April/Early May 2024
Lots 6-10 Settlement is anticipated for Late May/Early June 2024
Lots 11-16 Settlement is anticipated for Early – Mid May 2024
Lots 17-30 Settlement is anticipated for Early-Mid May 2024
Lots 31-37 Settlement is anticipated for Q3 2024
Lots 38-49 – Settlement is anticipated for Q3 2024
Lots 50-65 Settlement is anticipated for Q4 2024Mid-Late
Please note all dates are anticipated until settlement is called and your legal rep informs you of your actual settlement date.
March 2024 - Timing Update
Lots1-5 Settlement is anticipated for May 2024
Lots 6-10 Settlement is anticipated for Late May 2024
Lots 11-16 Settlement is anticipated for Late April/Early May 2024
Lots 17-22 Settlement is anticipated for May 2024
Lots 23-30 Settlement is anticipated for Mid May 2024
Lots 31-37 Settlement is anticipated for Q3 2024
Lots 38-49 – Settlement is anticipated for Q3 2024
Lots 50-65 Settlement is anticipated for Q4 2024
June | Construction Update
Work is progressing steadily at Preston Place.
Lots 6-10 Flooring is now complete and the homes and currently being defected in preparation for purchaser inspections.
Lots 31-37 Facade works are nearing completions and the installation of internal plasterboard is well underway.
Lots 38-49 Fit off works have commenced and the installation of flooring will commence shortly.
Lots 50-65 Framing is complete and facade works are well underway, Plaster has also commenced.
March | Construction Update
Work is progressing steadily at Preston Place.
Lots1-5 and 11-16 have joinery and kitchen installation nearing completion with painting underway.
Lots 6-10 are at the plastering and cladding stage.
Lots 17-30 are at tiling and painting stage.
Lots 50-61 are on track for framing to be completed in the next 2 weeks.
Lots 62-65 the framing has started.
Please see some construction photos below.
Finance Commencement
Lots 1-5 now is the time to get your pre approval in place with valuations to commence in the next week or so.
For those lots with an anticipated settlement of May you should be starting to get your pre-approvals in place with valuations to begin soon after Easter.
We will send you an email once you townhouse is ready for a bank valuation.
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 developments, including their Preston Place project. 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
Owners Corporation: Move In Procedures , Utilities Connections
Your Owners Corporation is called The Knight. Their contact details are contained in the document found here
This document also contains important move in procedure details, plus how to connect utilities and what insurances are required for your townhouses.
This document is found here
Please contact them directly with any questions you may have about this document.
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.
YOUR SETTLEMENT CO-ORDINATOR
Katrina Hope
Senior Project Manager
katrina@settlement-solutions.com.au
0493 098 241
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