Purchaser Information Evening

Purchaser Information Evening
This information is of a general nature and should be used as a guide to assist
you in understanding the process and requirements in the lead up to
settlement. You should liaise with your legal representative and/or lending
professional for clarification prior to making any decisions about your purchase.
Construction Update
We are nearing completion of the construction works and
preparing for apartments to be ready for you.
Project is on track to complete the later this year however
we will continue to keep you informed as on site works
progress in the coming months.
Click here for further information
Promenade – October
Aqui - November
July 2016
Precinct Update
Since you purchased:
•
•
•
•
•
•
Ron Barassi Senior Park has been
completed
Banksia Apartments have commenced
construction
A new park at NewQuay Central has
commenced construction
Harbour Town’s $150m expansion has
commenced including – supermarket,
market and Hoyts cinemas
Four Points by Sheraton hotel and Quest
Serviced Apartment have been announced
and constructed
Monument Park has been delivered
July 2016
Construction progress since April 2015
Construction Update
The curtain wall façade installation is progressing
well with the Promenade Tower façade almost complete
and 60% complete on the Aqui Tower.
Construction progress since April 2015
Interiors
On site works include
- kitchens and bathroom installation
- plastering, painting and tiling.
Construction progress since April 2015
External Works
Landscaping
works have now
commenced to
the level 5
podium.
External Works
will commence in
the coming
months
Key dates
Arrange
Purchaser Finance
Valuation
Appointments
Construction
Completion
Pre-settlement
Inspections
Settlement &
Handover
Promenade
Aqui
15 Doepel Way
421 Docklands Drive
Now
Now
Late August 2016
Late September 2016
October 2016
November 2016
2-3 weeks prior to
settlement
2-3 weeks prior to
settlement
Mid -Late October 2016
Mid -Late November 2016
The above table is based on anticipated timeframes and is to be
used as a guide only. We will continue to provide Construction
Updates given more accurate information as it becomes available.
Actual settlement dates will be set with your legal representative
LEASING
WITH LUCAS
dylan emmett
AQUI PROMENADE
PREFERRED LEASING AGENT
• local agency
• manage 1200+ properties
• look after >$800M of property
• award-winning team
• specialist portfolios – consistent point of contact
NEWQUAY
CURRENT RENTAL MARKET
bed 1 | bath 1 | car 0
$380-$410 per week
bed 1 | bath 1 | car 1
$420-$490 per week
bed 2 | bath 1 | car 0
$480-$510 per week
bed 2 | bath 1 | car 1
$520-$600 per week
bed 2 | bath 2 | car 1-2
$600-$700 per week
bed 3 | bath 2 | car 2
$900-$1000 per week
All figures correct as at July 2016.
Disclaimer: This rental information is of a general nature and should not be relied upon to determine the current rental assessment of our property. Information is
based on historical data and past performance is not necessarily indicative of future results .
BE THE FIRST TO LEASE IN
AQUI PROMENADE
how? register with us
next step?
• dedicated Aqui Promenade team
• rental campaign commencing soon
• exclusive pre-settlement access
Settlement process
Presented by Jayson Sande, Conveyancer
Anchor Conveyancing
 Transfer documents should be prepared & sent to you by
your conveyancer/solicitor shortly
 Your Lender should be looking at formalising loan
applications soon.
 Balance of settlement funds need to be organised in
advance. Bank Cheques are required, you cannot direct
transfer settlement funds
 What happens prior to actual settlement?
 Vendor’s solicitor gives notification of
registration of Title and Occupancy Permits
 Off the Plan declarations for stamp
duty calculation are issued
 Final figures and adjustments are calculated
 Settlement bookings are made
 Settlement and key collection
Mortgage Lending Overview
Presented By Max Waller, Provincial Homeloans
 Loan application requirements
Is your New Quay apartment purchase for owner occupier or
investor use? Over the last 12 months a number of changes
have occurred in the lending environment especially when it
comes to investors and non-residents. To ensure that you are
fully educated on the changes and the finance options
available today we recommend you seek advice from an
experienced finance broker and or banker.
 Approval Timeframes
Most lenders provide a 3 month pre-approval time frame
before the pre-approval needs to be reassessed. It is advised
that you start your finance education and assessment process
as soon as possible, preferably no less than 3 months out from
the expected settlement date to ensure a less stressful process
to settlement.
Disclaimer : This information is provided as general guidance in the home financing (including buying,
selling and owning) process. Figures quoted are indicative only, individual loan contracts may vary.
Provincial Home Loans and its agents assume no responsibility for any consequence relating directly
or indirectly to any action or inaction that you take based on the information or services provided.
Whilst Provincial Home Loans works hard to aggregate the highest quality data and to keep the
information accurate, complete and up-to-date, Provincial Home Loans and its suppliers cannot
guarantee, and will not be responsible for any damage or loss related to the accuracy, completeness
or timeliness of the information.
Mortgage Lending Overview
Presented By Max Waller, Provincial Homeloans
 Potential Obstacles
There is current evidence appearing that approved property
valuers for most lenders are valuing inner city Melbourne
apartments less than the original Contract purchase price. It is
very important to engage with your appointed finance broker
or banker as soon as possible to review this current situation
and consider the available options if a lower than purchaser
price valuation is received.
 Valuations
Valuers are only able to conduct a ‘full valuation’ (onsite
inspection) once the developer has provided access to the new
building. It is expected that MAB will start to provide building
access to valuers from late August onward. Having a finance
broker or banker that has the ‘authority’ to order a valuation
at any time can be a great advantage as it can greatly assist in
the timing of a suitable finance structure prior to settlement.
Disclaimer : This information is provided as general guidance in the home financing (including buying,
selling and owning) process. Figures quoted are indicative only, individual loan contracts may vary.
Provincial Home Loans and its agents assume no responsibility for any consequence relating directly
or indirectly to any action or inaction that you take based on the information or services provided.
Whilst Provincial Home Loans works hard to aggregate the highest quality data and to keep the
information accurate, complete and up-to-date, Provincial Home Loans and its suppliers cannot
guarantee, and will not be responsible for any damage or loss related to the accuracy, completeness
or timeliness of the information.
Inspection & Handover
 Valuations appointments
 Purchaser Pre-settlement Inspections
 Preparing your apartment for occupancy.
 Connecting utilities
 Contacting the Building Manager
 Window Furnishings Supplier
 Key collection process/requirements
 What happens following settlement?
 Confirmation
 Collection of keys and information packs
Handover Resources
Customer Relations
Helen Grieger, Customer Relations Manager
P: +613 8681 2233
E: customerrelations@mab.com.au
Community Management
Adrian S. Quinn FAICD, Executive Chairman
Owners Corporation Managers
E: info@essentialcommunity.com.au
Settlement Resources
Sue Stevens, Finance & Property Adviser CA,
Dip FS.MB
M: +61 432 705 815
E: suestevens@provincialgroup.com.au
Jason Kuan, Finance & Property Adviser CA.
CEA, Dip FS. MB, B. Prop. & Const.
M: +61 0433 147 323 E:
jasonkuan@provincialgroup.com.au
www.provincialhomeloans.com.au
Paul Fullarton
Banking Advisor
P: +613 8697 7036
www.nab.com.au
Gerard Bongiorno
M: 0418 348 891
E: gbongiorno@bongiorno.com.au
www.bongiorno.com.au
Sharon Lazare
Home Lending Solutions Manager
M: +61 434 315 865
E: sharon.lazare@cba.com.au
www.commbank.com.au/sharonlazare
Eric Antoniou
Mobile Lending Manager
M: +61 466 416 459
E: eric.antoniou@bankofmelbourne.com.au
www.bankofmelbourne.com.au
Sam Raad
Commercial Regional Home Loan Manager
M: +61 402 395 458
E: samir.raad@anz.com
Jayson Sande
Licensed Conveyancer
P: +613 8640 9002
E: jayson@anchorconveyancing.com.au
www.anz.com
www.anchorconveyancing.com.au