The heavy excavation of earth at 33 Cambridge Rd in Mooroolbark has been completed and the transformation of the site is quite remarkable. You can watch the video below to see how the site looks now.

The site works are continuing with drainage pipes being laid for the townhouses. Once this is completed the foundations will be poured.

There are only three townhouses left so act fast if you want to live at this awesome address. Contact Tony Smith from Max Brown in Croydon on 0411 424 964 or 131 629 if you are interested.

Early site works at 33 Cambridge Rd have begun with drilling rigs and machinery boring holes for the large concrete retaining wall along the eastern boundary of the property.

The works signal the beginning of construction of the 20-townhouse development called Paperbark Place.

Fifty-nine holes are being drilled and filled with reinforcement and concrete, to form the pillars of a significant retaining wall.

You can watch the video below to see how they are doing it.

There are only five townhouses left and they will sell quickly so act fast if you want to live at this awesome address. Contact Tony Smith from Max Brown in Croydon on 0411 424 964 or 131 629 if you are interested.

Buying property off the plan means entering into a contract with a developer to buy a property before the completion of construction. Since there is no physical property to inspect or see, you view the design, building plans and pictures to get an idea about what the property will look like on completion.

The contract of sale for any property should spell out what you are getting for your money. It is prudent to get your legal adviser to take a look over it before you sign it.

Usually the sales contract requires you to pay an initial 10 percent deposit of the purchase amount, which is held in a trust account. Then on completion of the construction, you must pay the balance and take possession of your new property.

An off the plan contract is drafted slightly differently from a standard property contract for obvious reasons – there is no physical property to exchange yet.

What is covered in an off the plan contract

It is important to check that the following things have been included in the contract:
▪ Adequate plan disclosure

In an off the plan contract, a developer is required to include plans, specifications, and timeline of what they plan to construct as the final product. It is important to review these plans so that you are satisfied with the level of disclosure and the standard of the finishes.
▪ Cooling off period

In most Australian states, a cooling off period of two to three days applies to an off the plan contract, which means you are free to alter your purchase decision during this time. Try to find out if there is any termination penalty if you decide to withdraw during this time. Remember, you are legally bound to buy the property when the period ends.
▪ Finance

Before buying off the plan in a new property development make sure you are fully aware of your financial position. If you are planning on borrowing money from a lender to buy your property make sure you check with them about how they treat off the plan sales. Most lenders have different policies and ways of dealing with off the plan sales. Check with your lender if you can get approval for financing before the completion of the project.
▪ Stamp duty
As a buyer, you must pay stamp duty on your property within the required time period. Check if you are eligible for any concessions or exemptions available to those who buy residential property. You may need to get some legal advice on how much you may need to pay or what discounts you could be eligible for. Further information about stamp duty discounts in Victoria can be found on the State Revenue Office website.
▪ Inclusions and warranties
Inclusions are basically all the things that will be included in your property when it is finished. You don’t want to buy a property off the plan and then find out it doesn’t include doors or windows! An inclusion list will cover all the things that will be built into your home or as part of the development. Common things are the type of doors, floors, benchtops, cupboards, paint colour, door handles, oven and much more. Make sure you are clear about what you are paying for and what you will get. You also need to confirm what warranties you might be covered by. In Victoria, a newly built home comes with a three month period where defects will be corrected. This might be doors that stick, windows that don’t close properly or other things that pop up after you move in. The house will also be covered by a builder’s warranty, so if there are serious structural problems you can get them fixed.
▪ Completion
The contract should identify the estimated time when the property should be completed. Make sure you understand what happens if there is a delay or if the project gets cancelled. If the project gets cancelled you should get your deposit refunded. The developer is usually able to cancel the contract if the plan of subdivision can not be registered within a specified period of time, commonly between 18 months and 3 years from the day of sale.

You should also be aware the timeframe for settlement once the property is ready for you to move in. Usually it is 14 days after completion.

When buying off the plan, it is important to closely review the contract details to make sure you understand exactly what you are signing up for, and also that you get what you pay for when the property is built.

Watch this simple video to understand the four simple steps of buying property off the plan. This is the third of a video series covering the essentials of what is involved in buying property off the plan.

These videos will help you get a jump on other property buyers and investors, and learn how to save thousands of dollars in the process.

The full series of videos cover:

1. What is buying property off the plan?
2. Some of the risks in buying property off the plan
3. The four simple steps to buying property off the plan
4. Financial considerations and deposits
5. Buying in a multi-unit development and inclusions lists
6. How to make stamp duty savings
7. Understanding owners corporations.

Watch the video now.

Progress continues with preparation for the construction of new townhouses at Paperbark Place in Mooroolbark. The old house and vegetation has been cleared in readiness for construction to commence.

The architect designed townhouses have been popular with home buyers with more than half the properties already sold. People have been keen to snap up hot property so close to the Mooroolbark town centre and train station.

A small number of two bedroom townhouses are available, though you should act quickly as they will not last long.

All that Mooroolbark has to offer

Everything you could want is an easy stroll or short drive away, including Mooroolbark train station, shops and cafes, gym, swimming pool, parks, golf courses, sports clubs, Maroondah and Ringwood hospitals, doctors’ clinics and health centres, kindergartens, primary and secondary schools, a Swinburne University campus in Croydon, and transport links like Eastlink and the Maroondah highway.

Investors will be pleased with the current low vacancy rates, healthy rental yields and surging capital growth in the area.

Home prices in the Mooroolbark are booming and value like this will be hard to find, and coupled with stamp duty savings you could get a jump on the rising market.

Forget about stressful auctions, or renovators dreams, act fast and be the first person to collect the keys on this beautiful home. You’ll love it.

Act fast so you can take advantage of stamp duty savings before construction starts.

Contact Jason Bertram from Max Brown Croydon on 0422 316 927 to discuss the two bedroom properties still avaliable.

If you need some extra space then our wonderful 3 bedroom property might be just the ticket. With 3 large bedrooms, plus a lovely sunny garden, you will be surprised at the value on offer.

Watch the video below to see more about this 3 bedroom townhouse in Mooroolbark.

Check it out here: http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119842541

Act fast so you can take advantage of stamp duty savings before construction starts in August.

If you are looking for a 2 bedroom townhouse with secure garage and close to the shops, train and everything you could need, then check out this delightful property. Including 2 bathrooms you could share with a friend and get started on the property ladder.

Watch the video below to see more about this 2 bedroom townhouse in Mooroolbark.

Check it out here: http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119853953

Act fast so you can take advantage of stamp duty savings before construction starts in August.

Property buyers looking for a dash of style and charm, plus extra value, will be excited by the special deal being offered by Fast Love Homes for townhouses in Mooroolbark until the end of July 2015.

Smart buyers who snap up one of the tremendous value townhouses available at Paperbark Place in Mooroolbark, will  enjoy the bonus extras being thrown in including a large split system, ducted vacuum, alarm system and audio doorbell all worth more than $5,000.

Imagine opening the door to your brand new home, kicking back in your beautiful lounge, enjoying a drink on your north-facing terrace and whipping up delightful meals in your stylish kitchen.

2 Bedroom Townhouse in Mooroolbark

If you are looking for a 2 bedroom townhouse with secure garage and close to the shops, train and everything you could need, then check out this delightful property. Including 2 bathrooms you could share with a friend and get started on the property ladder.

Watch the video below to see more about this 2 bedroom townhouse in Mooroolbark.

Check it out here: http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119853953

3 Bedroom Townhouse in Mooroolbark

If you need some extra space then our wonderful 3 bedroom property might be just the ticket. With 3 large bedrooms, plus a lovely sunny garden, you will be surprised at the value on offer.

Watch the video below to see more about this 3 bedroom townhouse in Mooroolbark.

Check it out here: http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119842541

Act fast so you can take advantage of stamp duty savings before construction starts in August.

In the second of our video series about the essentials of what is involved in buying property off the plan, we cover some of the risks of buying property off the plan.

If you watch these videos you will have a great understanding of what it means to buy property off the plan and how you can get a jump start on other property investors.

The full series of videos cover:

1. What is buying property off the plan?
2. Some of the risks in buying property off the plan
3. The four simple steps to buying property off the plan
4. Financial considerations and deposits
5. Buying in a multi-unit development and inclusions lists
6. How to make stamp duty savings
7. Understanding owners corporations.

Watch the video now.

We have released a two bedroom, two bathroom, single car garage townhouse in central Mooroolbark.If your idea of a home is a standard little unit in the suburbs then this one is probably not for you.

However, if you want a place to be proud of, a place you can show off to your friends and a home that just makes you feel good when you walk in the door then this gem is made for you. Take a closer look and we’re sure you’ll love what this bold and exciting standout new address offers.

There is aclever floor plan, which sprawls over two levels with a basement car park. And inside, you enjoymultiple living areas in a two-bedroom home. You have option to hang out in thekitchen/dining area or in the living area that opens to a north-facing terrace.

The townhouse enjoys fine inclusions such as frameless shower screens with polished chrome finish and the efficiency of brand new stainless steel appliances, including dishwasher.

Mooroolbark is on the move

Mooroolbark is one of those places that has seen exceptional growth over the last decade. Cafes have opened, schools have matured and gained academic excellence and it has become a great place to live.

There’s the added bonus of extensive stamp duty savings at this point of the sale and you have the opportunity to purchase at today’s prices for tomorrow’s home.

With quality, location and hip inner city style why wouldn’t you want to call straight away and find out more? Contact David Stewart from Market Share Property on0438 590 157 or check out http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119853953