Building your home is an exciting milestone, but we understand that it can feel overwhelming, especially if it’s your first time building. If you want all things to know about building your home at SOUTH, we want to make the process easier for you from the start. We help you choose the right block size and identify the builder who suits your needs.
In addition, we help you understand the estate’s design guidelines and understand the build timelines. There’s a lot to consider in this process. That’s where we come in to help make this transition easier for you.
From Deposit to Doorstep: Your Land Purchase in 5 Simple Steps
Step One: Express Your Interest
Once you’ve done your research and feel confident about your finances, you’re ready to take the next step making an offer on your chosen lot.
This is done through a contract of sale, which sets out all the important details of your purchase, including the price, settlement timeframe, and any special conditions.
There are generally two types of offers:
- Unconditional: where you’re ready to move ahead straight away
- Conditional: where the purchase depends on things like finance approval or selling your current home
Before signing anything, it’s also important to check whether the land is titled or untitled.
- Titled land is ready to go, meaning settlement can happen sooner
- Untitled land may still be under development, so you’ll need to wait until the title is issued before settlement can take place
Because this is a legal agreement, it’s a good idea to speak with a financial or legal professional before signing. They can help you understand the details and make sure you’re comfortable with everything before moving forward.
Step Two: Sign Off Documents
When both you and the seller are happy with the conditions and the purchase price, both parties sign the contract of sale. This is called the exchange of contract.
Step Three: Deposits
To move forward and reserve your chosen lot while the contract is being prepared, an initial deposit of $10,000 is required to purchase at South. Your sales representative will provide all the necessary account details and assist with next steps.
Step Four: Moving Forward
If your contract includes conditions, make sure they’re met by the required deadlines. Your conveyancer will manage the paperwork and work with you, your lender or broker to ensure your finance is in place.
Most settlements are now completed online, making the process faster and more convenient. You can track progress, sign documents remotely, and securely share details throughout.
This also gives you more time to focus on finalising your home design, selecting a builder, and completing your plans. To stay on track, your building contract should be signed in time for loan approval and settlement by the due date.
Step Five: The Exciting Part
This is the moment everything becomes official. Once titles are issued and all contract conditions have been met, it’s time for settlement.
At this stage, the remaining balance of the purchase price is paid to the seller, and your legal representative takes care of registering the necessary documents. This ensures the land is formally transferred into your name, meaning you’re now the official owner.
The build process begins, and watch your home come to life. Your home will progress through key stages, including slab, frame, lock-up, and fixing, before reaching completion. As each stage comes together, you’ll start to see your vision take shape, from the framework of your home to the finer interior details. Your chosen builder will guide you through this process, keeping you informed along the way. Therefore, you always know what to expect. Soon enough, you’ll be holding the keys to your brand-new home in South at Onkaparinga Heights.
Building a home can feel like a big step, but with the right support and a clear path forward, it becomes an exciting and rewarding experience.
At South every detail has been considered to help make that journey as seamless as possible. This way, you can focus on what really matters: creating a home of your own.
If you’d like to learn more, explore our Home Buyer Toolkit for helpful tips and insights to guide you along the way.
