Hi all,
I am planning to purchase a H & L package in Habitat Estate in Tarneit. Land size of 433 ($264,000), turn-key package of 21sq house ($295,000) from Pivot Construction Group. Has anyone done the deal with this builder before? Please give some feedbacks.
Thanks
Nope. Check similar established properties nearby to gauge purchase price is on point.
Check out this thread from Somersoft for more tips;
https://www.somersoft.com/threads/how-do-i-do-due-diligence-on-a-builder.108066/
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
I agree with Colin.. Check the comparable sales in the area and compare it with what you are intending to purchase. I have heard stories of house and land package getting valued below the contract price specifically in Tarneit.
Cheers,
JerryJerry | Mortgage Station
http://mortgagestation.com.au/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
What’s drawing you to Tarneit Tran?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Tread with caution… I’ve heard a few brokers mention that a lot of the bank valuations for purchases in Tarneit are not stacking up against purchase price.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
I’ve heard a few brokers mention that a lot of the bank valuations for purchases in this area are not stacking up against purchase price.
If the sellers are willing to give you a copy of the contract (unsigned) you can get an “as if complete” valuation done upfront via a broker.
You can always request a copy and say you are getting your lawyer to review first before signing. This is something you should do anyway. I have had things ammended and removed upon advice from my gun property lawyer using this common sense yet under utilised practice.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
hi Colin,
Thanks for your information. I am actually finding some quantity surveyors to assess the building quote that Pivot provided so that I can have a bit of information of whether their quote is a reasonable one. I have visited their completed homes and I found that the quality is good with premium inclusions. However, I am not sure whether the building cost given does really reflect the current market building cost. Do you have experiences with any quantity surveyor that you can recommend me? Thanks in advance.
Hi Jamie,
I have been to Tarneit a couple of times and although a lot of people say this suburb is full of hoons and break-in, thefts, I found that this is a very friendly suburb that offers great amenities nearby (including shopping centres, v/line, parks, schools) especially the environment is very tranquil that gives me peace everytime I stop by. I know that the traffic congestion to get to CBD is really bad; however, I am taking public transport so it should not be a problem for me. I also found that Tarneit will have many developments by the government in the near future, so I do hope that this suburb will be expanding more in the coming years. Let me hear your thoughts. Thanks
Hi Jacqui,
Do you have any advice on how to do property valuation of an off-the-plan property that the land title will be mid-2017? Thanks
Do you have experiences with any quantity surveyor that you can recommend me? Thanks in advance.
Hi Tran, I use Deppro personally. Washington Brown are another reputable company you can try.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
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