Frequently asked questions

A. For titled lots in Stages 2 and 3, a $2,000 deposit is required, with the balance of the purchase price payable at settlement.
For future untitled lots, 10% of the purchase price is required, with the balance payable at settlement.

A. Both the house design and homesite are package into one price, so you know what you will pay upfront. It’s also easier to match the home you want to the block you buy.

A. The process is easier than you may think:

  1. Sign an expression of interest to secure your desired lot.
  2. Sign the contract of sale.
  3. Nominate your settlement agent.
  4. Pay a deposit, as specified in your contract.
  5. Obtain formal finance approval.
  6. Settle on your new coastal land at The Reef.

A. Depending on your lender’s requirements, Lenders Mortgage Insurance may allow you to borrow up to 95% of the purchase price, with a lower deposit than is usually required.

Traditionally, lenders require borrowers to have at least a 20% deposit. However by using Lenders Mortgage Insurance, lenders are able to offer lower deposit loans. Lenders Mortgage Insurance protects the lender if a borrower is unable to meet their mortgage repayments and the property has to be sold.

A. A land title, or certificate of title, is a legal document issued by Landgate’s official government department for land ownership. It includes a legal description of the piece of land, and names the owner. When you buy a property, the title is officially transferred from one owner to another.

A. When Pindan develops an estate, all the land is initially held on one title. The community is then developed in stages and subdivided into individual homesites. Each of these homesites must then be given its own individual title. If you buy a titled lot, the individual certificate of title is already available, meaning settlement can occur straightaway and your new home construction can begin sooner.

A. In this case, a certificate of title is yet to be issued for that homesite, which you need to finalise settlement. The upside of purchasing an untitled lot is that you will have several months to work on building plans and maximise your deposit.

A.If you are buying or building your first home, you may be eligible to apply for the government’s First Home Owner Grant (FHOG) - a once only grant to assist you with the purchase of your new home. An application for the FHOG can be made once a contract to purchase your new homesite or building contract has been signed. For more information click here.

A. Most homesites are sold ‘off-the-plan’. This means the street and lot you are buying may not be developed yet. You may be able to view the area where the street and homesite will eventually be, you can view maps and plans showing the area, but the roads and lot marking may be several months away. A look around the existing parts of the community will help you envisage the quality of the development. The Reef’s sales professional will also be able to show you similar sized homes and homesites in other parts of the community.

A. Settlement is the process by which a property changes from one owner to the other. On the day of settlement, your homesite will transfer from the ownership of the seller or developer to yourself, and the purchase price of the land is paid to the seller. If you require a loan to purchase your new homesite, then these funds are paid at settlement, and you will begin to make mortgage payments. You, the buyer, will then become the legal owner of the property, and the title of the property transfers to your name. It is usual for a settlement agent or solicitor to handle this process for you.

A. When you complete an offer and acceptance contract to purchase a property, you will be asked to nominate a preferred settlement agent or solicitor. This is the person or company who prepares the necessary legal documentation to help you acquire your new homesite. They will liaise with your home lender and other relevant parties to finalise the transfer of ownership of your new homesite from the developer to yourself. They will also advise all relevant parties that transfer has taken place, including notifying councils and other authorities that you are the new owner. Once you have nominated a settlement agency/solicitor, they will send you a letter of appointment to allow them to act on your behalf in the property transaction. There are many settlement agents/solicitors available and you should compare fees and services.

A. This is a homesite suitable for a house design with the garage built at the back of the property. They are an ideal design for homes built on corner blocks with a small frontage, or blocks that have access from a laneway at the rear of the property. Note that lots that have a laneway to their rear boundary are not permitted to have a crossover to their front boundary.

A. Cottage lots are smaller, low maintenance homesites ranging from approximately 200 – 375m² in size. They suit people looking for an easy-care, ‘lock-up and leave’ lifestyle, with most of the site dedicated to the home itself rather than garden.

A. Traditional homesites are usually 450m² in size or greater, and are often the choice of families wanting lots of living space and a good sized outdoor area or garden.

A. The Reef community has guidelines - called ‘Restrictive Covenants’ and ‘Design Guidelines’ - that guide what and how you can build in your new community. The covenants cover things such as the types of front elevation building materials/colours, architectural features, roof pitch and fencing types that are allowed in houses within the community. The covenants also require residents to maintain good standards. Covenants vary from estate to estate. They appear as an annexure in your contract when you buy a lot, and will be fully explained by your sales professional at The Reef.

A. The Reef is dedicated to being in harmony with its coastal surroundings by maintaining a good standard of homes and landscaping. This helps to preserve the investment of all residents.

A. Getting permission is a three-step process:

  1. Ensure your home plans and ‘materials & colour’ schedule meet The Reef’s Design Guidelines & Restrictive Covenants.
  2. Via your builder, submit your plans to us for approval.
  3. Your builder will concurrently submit your approved plans to the City of Wanneroo.

A. At The Reef, we deal with all WA building companies and welcome you to choose from any one of the huge range of builders out there. Building is an exciting journey – we believe being able to choose a design that you want with someone you have built up a great relationship with is just the start.

A. There are many reasons for choosing to build a new home rather than buy an established house. For starters, you can save money as you only pay stamp duty on the land component of the home, rather than the full purchase price of an established home. A new home also offers a house designed for your lifestyle, with new bathrooms and kitchens, brand new appliances with warranties, a six-year structural guarantee and less maintenance required. They’re designed for modern living, with fantastic alfresco entertaining and open plan living areas. In addition, a first home buyers grant may be available to purchasers, subject to conditions.

A. Start by working out your budget by talking to a broker or financial advisor, who will help you start a savings plan if necessary.

A. I need their approval for a section of my home design. Due to privacy restrictions, the only way we can help facilitate contact is to pass on your details to them (with your permission). We‘ll do our very best to get a response, but there are no guarantees.

A. If you have purchased a vacant lot from Pindan at The Reef, you will be eligible for free fencing and landscaping subject to you having completed construction of your home within 24 months of settlement and in accordance with the Restrictive Covenants.

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