Monday, 13 March 2017

Land, Finance, Things.

It's been a long 4 months since I wrote an update! Mainly because there were no (good) updates. This is what happened in the last several months.

In December - our title is being pushed to January because "If we lodge the title now, the land owners will need to pay 2 years of land tax" 

In January - title pushed to January

In between that dates, our full unconditional finance expire so we needed to reapply!

End of Feb - title is out, settle in 14 days. We had holiday in the coming week (arranged 6 months ago). Our finance is not ready!

Now March - Our settlement need to be pushed back one week as bank is not ready. Our land developer is penalising us by $550. 


Oh well. The better news, we have our soil report back. 

  • Site classified as P (as in "Problem" per AS2870-2011) I think mainly because of the amount of fill in our site. 
  • Wind rating N2 (see explanation from Stratco - it's a pdf). 
  • Our BAL has not been removed, I reckon because the area next to us is not developed yet. 

Boutique has been responsive so far and I'm glad they are given that we needed to deal with all the issues above. 

Timing from them looks like this:

Day 0 - land titled. Emailed Boutique.
Day 2 - Boutique emailed back that we are now in pre-construction state and no more changes allowed (no prob, we haven't changed our mind since)
Day 7 - confirmation that soil and survey report has been applied for
Day 14 - our soil report received. They are now working on final plan and will take approx. 2 weeks. 


  1. Firstly I would say excellent blog !! and I really like the details you have provided. I was wondering if you have further updates on this. How did the valuation go and how is the construction stage ? Best of luck !

  2. Nice post. I was checking constantly this blog and I’m impressed! Extremely useful info specially the last part I care for such information a lot. I was seeking this certain info for a long time.
    Mortgage Broker Werribee & Tarneit
    Thank you and good luck.