Bushlark Grove buyer information session 12 June 2012 Doug Merritt - - PowerPoint PPT Presentation

Bushlark Grove buyer information session

12 June 2012 • Doug Merritt – Sales Manager Morgana Prior, Marketing Manager Urban Renewal and Special Projects

Information session agenda

• About Bushlark Grove
• How to buy at Bushlark Grove
• Priority buyer
• Tender
• Tender
• Next steps

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About Bushlark Grove

Bushlark Grove is centrally located;

• Close to the Town Centre
• Walk to sporting fields
• 1 minute to Moranbah Hospital

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• 2 minutes to C&K Moranbah Kindergarten
• Minutes to Primary and Secondary Schools

Bushlark Grove - attributes

• 10 hectares
• 2 stages, totalling 151 lots
• Stage 1 (76 Lots) programmed finish late July
• 3 parks

3 parks

• Lots sizes range from 250 – 655 square metres
• Stage 1 release through tender and priority buyer process

Bushlark Grove plan

Gladstone ‘HillClose’ homes

Gladstone ‘HillClose’ homes

Vantage

Thompson Builders

Panorama Homes

Sales Agent

Agents details; Agents details; Moranbah Real Estate 07 4941 5998 Moranbah Real Estate 07 4941 5998 John Wood 0418 708 628 Jo

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8 08 6 8 Marie Plahn 0413 811 621

www.bushlarkgrove.com.au

How to buy at How to buy at Bushlark Grove Bushlark Grove

How to buy at Bushlark Grove

• Priority buyer types

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• 1. My Place buyers
• 2. Owner occupiers

3 Local business

• 3. Local business
• Tender
• Tender
• Open market lots and packages not taken up through the other buying
• Open market – lots and packages not taken up through the other buying

categories will then be released to the open market through the existing database.

Priority buyers eligibility criteria

My Place Owner Local

• ccupier

Business

Household income less than $105 000



than $105,000



Intent to occupy for 24- months on completion

 

months on completion Intent to house own staff



Intent to house own staff for 24-months on completion



Finance pre-approval

  

Over 18-years of age

  

Product available to buyers

Buyer type House and l d Land only Total land packages

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My place 11

ty buyers

My place 11

(on 3 lots)

66 Owner occupiers 35 20

Priorit

Owner occupiers Local business 35 20 T d 15

market

Tender 15 15 O k t

To be advised only product and Open

Open market

To be advised – only product and land not taken up through priority buyers and tender

Bushlark Grove plan

Priority buyer process

Registration of interest g Information session (12 June 2012) Nominate for ballot ( 12-28 June) Ballot draw (4 July) Expo session (10 July) Selection day (from 17 July) Settlement (as per contract terms)

Nominating for the priority program

Ballot draw for priority program

• The draw is scheduled to take place in Brisbane on 4 July 2012.

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• The ballot will be independently supervised.

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• Nominees will be advised by email when the ballot has been

Nominees will be advised by email when the ballot has been completed and will be able to download the ballot outcome from the Bushlark Grove website.

Expo session for priority program

• Those successful in the ballot will be invited to an expo session

Those successful in the ballot will be invited to an expo session planned for 10 July At th E h th t it t l t h d l d

• At the Expo you have the opportunity to see complete house and land

packages, with fixed prices, that are open for purchase

• Depending on where you are drawn in the ballot it is recommended

that you consider a number of preferred home or land sites.

• Electronic contracts will be available for you to seek legal advice prior

to selection day. to selection day.

Selection day for priority program

• Selection appointments will commence on 17 July at Moranbah Real

Selection appointments will commence on 17 July at Moranbah Real Estate.

• On selection day you will have a set appointment time to select which

package you want to purchase. If you do not select a package, you forfeit your opportunity to buy and the next person will be called.

• When you select your preferred home, you will then progress to sign a

contract and pay a $5,000 deposit (bank cheque or EFT). 21-day finance conditions ill be accepted finance conditions will be accepted

Tender process

Information session (12 June) ( ) Pay deposit and submit tender (26 June) Pay deposit and submit tender (26 June) Tender assessment (up to 2 weeks) Tender assessment (up to 2 weeks) Notification of successful tenderers (by 10 July) Sign contract (5 days from issue) Settlement (as per contract terms)

Tender program – Pay deposit

• A deposit of $5,000 must be paid per lot you wish to purchase

Buyer No of lots wanted Deposit per lot Total deposit to be paid Joe Blogs 1 $5 000 $5 000 Joe Blogs 1 $5,000 $5,000 Ann Smith 7 $5,000 $35,000

• Deposit money is paid into Moranbah Real Estate trust account

F d it id li i l d i f f i

• For deposits paid online, include unique reference from paying

the deposit on your tender form (LASTNAME FIRSTINITIAL No

• f LOTS) ie BLOGSJ1 or SMITHA7
• f LOTS) ie BLOGSJ1 or SMITHA7
• Deposits will be refunded to unsuccessful tenderers.

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Tender process – submit tender

Tender process - assessment

• A tender assessment panel will meet to assess all tender

p submissions.

• All tenders will assessed on:

– Price – Price – Favourable contract conditions

• The tender process will be independently observed.

Tender process – notify outcome

• Unsuccessful tenders will be notified in writing and deposits will

g p be refunded

• Successful tenders will be notified by telephone and in writing

Tender process – Contract signing

• As per the conditions of the tender, contracts will issued and

p , successful tenderers have 5-days to sign and return contracts.

How to buy at Bushlark Grove

• Priority buyer

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• 1. My Place buyers – Owner occupiers household incomes up to $105,000
• 2. Owner occupiers – Household incomes greater than $105,000

3 Local business Businesses seeking staff accommodation

• 3. Local business – Businesses seeking staff accommodation
• Tender
• Tender
• Open market lots and packages not taken up through the other buying
• Open market – lots and packages not taken up through the other buying

categories will then be released to the open market through the existing database.

Next steps

• Review lots available at Bushlark Grove
• Decide which buying process is right for you

You can proceed with both tender and priority process – You can proceed with both tender and priority process – If eligible for more than 1 priority buyer group, you can apply in multiple groups multiple groups

• Commence your buying process
• Site Tour: Bushlark Grove, Tallon St

– from 10.30am – 11.00am Saturday 16 June, 2012. – Call Moranbah Real Estate

Contact details

www.bushlarkgrove.com.au Priority buyer

• Moranbah Real Estate

07 4941 5998

• Morgana Prior

07 3024 4150 1300 130 215 Tender

• Moranbah Real Estate 07 4941 5998
• Moranbah Real Estate 07 4941 5998
• John Wood

0418 708 628 M i Pl h 0413 811 621

• Marie Plahn

0413 811 621