Construction Stage 3 Olivia Estate, Truganina

Construction Update: Olivia’s community is rapidly taking shape

Olivia in Truganina is a hive of activity which is developing into the beautiful new community we have all been looking forward to. Every day we’re seeing amazing progress being made on-site which is so exciting for both us and Olivia property owners who will soon be living there. 

Take a look at our latest construction update video to see all the changes over the past three months.

Here’s a brief update to keep you in the loop:

Titled Stages

With Stage 1, 2 and 11 titles delivered in Q3 last year, there has been plenty of activity since then with builders working hard on the construction of approximately 100 homes. It won’t be long before we are welcoming Olivia’s first residents and forming this new and wonderful community that you will soon be a part of.

Stage 3

Civil works have continued to advance with concreting and footpaths following the completion of electrical and NBN installation. Stage 3 titles are currently on schedule for delivery in May 2021. This is great news if you are planning to start building and take advantage of the $15k HomeBuilder Grant. For this grant, your build contract must be signed before 31 March 2021 with construction to commence within six months from the date of signing the contract with your builder*. 

You have enough time to benefit from this incentive if you begin planning your home build soon.

Stages 13 & 14

Bulk earthworks have commenced and are progressing well. Stage 13 titles are expected to be delivered in Q3 2021, with Stage 14 titles expected to follow soon after in Q4 2021.

There’s no doubt 2021 is off to a great start at Olivia. Construction is full steam ahead and we are excited to announce that record sales continue. We have already sold 300 lots with new purchasers eager to join our growing community. Your future neighbourhood is growing fast!

Start something beautiful at Olivia today

Building a beautiful home is still an affordable reality at Olivia. Located in Truganina, just 28kms from Melbourne’s CBD, Olivia offers 6.5 hectares of open spaces and easy access to schools, transport options, employment opportunities and shopping centres. Everything you need will be right on your doorstep!

Contact our Estate Manager, Christian Taverna on 0422 871 939 or [email protected] to make an enquiry and start something beautiful today.

Watch our construction update video here – March 2021.

Thinking about starting to build your new home? Here are some useful articles:

HomeBuilder Update: $15,000 Grant Extension
https://oliviaestate.com.au/homebuilder-update-november-2020/

5 Step Guide To Settlement And Getting Ready To Build Your New Home
https://oliviaestate.com.au/5-step-guide-to-settlement-and-getting-ready-to-build-your-new-home/ 

*Eligibility criteria apply, for more information visit the State Revenue Office website.

What you need to know about getting a home loan pre-approval

What you need to know about getting a home loan pre-approval 

Getting pre-approval for a home loan before you go property hunting puts you in a good position to make an offer on the ideal property. It makes sense to understand your borrowing capacity and the likelihood of getting approval for the amount you’re seeking. Being prepared saves time and money in property transactions.  

When you sign a contract for land or a house and land package, the sales agent will want to know whether you have your pre-approval or full approval for finance to complete the purchase.

However, a pre-approval does not mean you will get full approval of your home loan application. Here are things you need to know to ensure that your property purchase goes as smoothly as possible.

1. Why is it important to get pre-approval for finance?

You need to know what your borrowing capacity is and what the banks will potentially lend to you before you go house hunting. Online calculators only give you a part of the picture. They won’t take into account your credit score, salary sacrifices and other factors that may affect your capacity to borrow the funds you need.

The final salary amount and other information required that is taken into account for a pre-approval also varies from bank to bank.

2. What paperwork do you need to submit to get pre-approval?

If you are an employee:

The banks often require only your most recent payslip. They will also do ID checks, request a bank statement and review liabilities such as credit card debt.

If you are self-employed:

For people who are self-employed, the banks will want to know your business structure, i.e. sole trader, trust or company, and will ask you for your last two years of tax returns and current financial statements from your accountant. 

3. If your pre-approval gets knocked back, does it affect your credit score?

Every time you apply for any type of credit, it impacts your credit score. The Australian credit score system will disclose the number of applications you have made but won’t necessarily state whether your loan has been approved or rejected.

It’s worth noting that the frequency of submitting an application affects your score. Lending professionals recommend that you don’t apply for loans more than six times in six months – this is only an approximation and depends on the financial institution’s guidelines in approving home loans.

4. What are the most common reasons that pre-approval does not end up in full approval

The bank has provided a pre-approved home loan, but then knocks it back – why? 

Here are some possible reasons so that you can be prepared:

– Pre-approved home loans have a limited life span, The Commonwealth Bank approves them for 6 months, but many other banks approve them only for 3 months.

– Your pre-approval is based on your current credit score. If you take out other loans during the time your pre-approved loan is valid, such as car loans or credit cards, this may affect your final approval. 

– The property you intend to purchase does not meet the bank’s lending rules. This is mainly due to changing valuations, for example, during COVID lockdowns, property valuations were affected which in turn impacted the lending capacity and pre-approvals for many people.

By knowing why your pre-approval may not lead to a full approval, you can be better prepared. Talk to your home lender about any of these concerns.

5. Know what home grants are available to you

There are a number of grants available at this point in time to consider. 

1. $15,000 HomeBuilder Grant until the end of March 2021

2. $10K First Home Buyers Grant if you’re buying or building your first home

3. The First Home Loan Deposit Scheme if you have less than 20% deposit

For more information, read $35k+ Worth Of Reasons To Start Building Your Dream Home At Olivia In 2020. 

House and Land in Truganina in a boutique development

Olivia is a small boutique house and land development in Truganina, in the rapidly growing western corridor of Melbourne.

The development has 6.5 hectares of open spaces including a 4.5-hectare sporting ground and a further 2 hectares of family-friendly landscaped parklands.

Contact our Estate Manager, Christian Taverna on 0422 871 939 or [email protected] to make an enquiry and start something beautiful today.

Image credit: Micheile Henderson on UnSplash

House under construction Olivia, Truganina

We have 5 good reasons to look forward to a successful 2021 at Oliva

We have 5 good reasons to look forward to a successful 2021 at Olivia

The community at Olivia is growing! Soon you will be among other families and individuals who have chosen to live here for a better quality of life. 

2020 was a successful year at Olivia and has set the tone for an exciting 2021. We have met development milestones with many homes in the process of being built.

Thank you for making this possible. As we move into 2021, we look forward to bringing you new and exciting announcements so that you can start a beautiful chapter of your life at Olivia. 

2020’s milestones

1. Stages 1 & 2 titled in August

These first two stages provided 150 titled lots and new home builds began.

2. Stage 11 titled in September

Stage 11 titles followed in September, giving another 47 residents the opportunity to commence building their new homes.

3. Stage 3 construction commenced August 2020

Stage 3 is due to title in Quarter 2 of 2021 and we will see another 80 homes added to the Olivia community.

4. 60 homes currently under construction

60 new families will be moving into Olivia in the coming months after securing house and land packages!

5. 120 sales last year, with 52 in November and December

Toward the end of 2020, we had record sales at Olivia. Current land owners at Truganina are referring family and friends. There are also several government incentives available to take advantage of. 

Start something beautiful at Olivia today

Please call Olivia’s Estate Manager Christian Taverna on 0422 871 939 or send us an email to [email protected]. 

Houses under construction Stage 1 Olivia, Truganina

4 Key Factors When Choosing Land in Melbourne’s West

4 key factors when choosing a land lot in Melbourne’s West

Melbourne’s West has plenty to offer if you’re looking for a quality lifestyle, to raise your family, to invest in, or to eventually retire. The region is growing rapidly for the lifestyle benefits it offers. Only thirty minutes from Melbourne’s CBD, it’s close enough to work in the city but far enough to give you more space, fresh air and less traffic.

And this translates to more quality time for yourself and with your family.

Land in Truganina and surrounding suburbs such as Tarneit and Rockbank, have shown solid growth over the last few years, supported by the regional government’s continuous investment in local facilities.

For you as a buyer, there is a wide range of choice and variety for land and house and land packages

So how do you choose which land is right for you?

We’ve listed four key factors for you to consider when choosing the right land to build your future home upon.

1. Location in the neighbourhood

How close or accessible will you be to local schools, transport to and from work, childcare centres, shopping centres and the everyday facilities/amenities you need? Find out what the local council is planning for the area and whether there are new shopping centres or schools planned.

If you and your family enjoy the outdoors, then accessible parks, bike and walking trails may be a priority in your decision making.

2. Location in the masterplan

Just as important is the location of the land in the masterplan. You may prefer a quieter section of the estate or one that backs onto walking trails and parks. Or you might like to be closer to the centre of activity, near the local community facilities.

3. Size

Are you raising a family, building a dream home or buying your very first home? If you have young and growing family, you’ll need more space outside for little people to explore. If you don’t like the idea of maintaining a garden, you might opt for a smaller block with a two-storey home.

4. Position and aspect

The angle of the sun will determine how you build your home so pay attention to the aspect and position of the land. You may prefer an energy efficient home and need the sun shining on a specific area of the house if you plan on installing solar panels. Or if you plan to install a swimming pool, you may prefer morning or afternoon sun while you take your daily swim.

Olivia Estate offers a wide range of choice and variety to suit different budgets and needs. As a small boutique community with 700 homes, Olivia has 6.5 hectares of open spaces including a 4.5-hectare sporting ground, and 2 hectares of family-friendly landscaped parklands.

An interactive 1.27-hectare feature park is proposed at Olivia which will include a state-of-the-art playground for all ages and abilities. Stay tuned for more information about this.

$35K to $55K worth of incentives available to buy and build in Melbourne’s West!

There are several government incentives to help you buy your land and begin to build your home. This is money that can end up in your own pocket and go a long way toward your future investment. Read our blog $35k+ worth of reasons to start building your dream home at Olivia

Here’s a brief rundown of incentives available:

The HomeBuilder Grant the government’s HomeBuilder Grant provides a $15K – $25K grant toward the build of your new home. To be eligible for the $25K grant, building contracts must be signed before December 31, 2020. For the $15K grant, building contracts must be signed between January 1, 2021 – March 31, 2021.

The $10K First Home Buyers Grant  if you’re buying or building your first home in Melbourne valued up to $750,000, you may be eligible for a First Home Owner Grant (FHOG) of $10,000.

The First Home Loan Deposit Scheme with this scheme you can buy a home with as little as 5% deposit if you are eligible.

Find out more about a lifestyle at Olivia in Truganina

We are here to answer your questions about buying in Melbourne’s West. Truganina is close to the freeway but quiet at the same time, which makes it ideal for getting to and from the CBD. It’s only 5 minutes to Rockbank Station. There are two shopping centres – Mt Atkinson and Rockbank Town Centre, both within 5-10 minutes of Olivia.

If there is anything you want to know, please contact our Estate Manager Christian on 0422 871 939 or email [email protected].

House and Land for sale - Midland 21 by Porter Davis - Olivia, Truganina

HomeBuilder Update: $15,000 Grant Extension

HomeBuilder Update: $15,000 Grant Extension

The HomeBuilder Grant assists the residential construction sector by encouraging the commencement of new home builds and renovations. The Grant HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of up to $25,000 to build or substantially renovate an existing home.

On 29 November 2020, the Government announced an extension to the HomeBuilder Grant up to 31 March 2021 which is great news for eligible Stage 3 purchasers, with their land expected to title in Q2 2021 to qualify for the Government’s $15,000 Grant!

Changes to the Grant include:

  • A $15,000 grant for building contracts, new builds and substantial renovations, signed between 1 January 2021 and 31 March 2021, inclusive.
  • An extended deadline for ALL applications to be submitted. Applications can now be submitted up to, and including 14 April 2021, for both the $15,000 and $25,000 grants.
  • An extension to the construction commencement timeframe to 6 months for ALL HomeBuilder applicants. Victorians were granted this extension back in August 2020 with the onset of Stage 4 restrictions.
  • An increase to the property price cap from $750,000 to $850,000 for Victorians signing a building contract between 1 January 2021 and 31 March 2021.

What hasn’t changed with the Grant:

  • Existing eligibility criteria which you can read about here.
  • The $25,000 grant remains in place for eligible contracts signed on or before 31 December 2020.

For more information, and to register for updates as more information is available, visit the Treasury website. Or, apply for the HomeBuilder Grant here.

As a first home buyer, you may also be eligible for the following incentives:

The First Home Owner Grant – $10,000 for eligible first home buyers.

The First Home Loan Deposit Sheme – Purchase with just 5% deposit without the need to pay Lenders Mortgage Insurance.

First Home Buyer Duty Exemption, Concession of Reduction – As a first home buyer, duty exemption or concession may be available.

The following land and townhome releases at Olivia are eligible for the HomeBuilder Grant:

Register your details today to be the first to know about new releases or call our Estate Manager, Christian Taverna on 0422 871 939 or [email protected], and get a head start on something beautiful at Olivia today!

Lot 1426 Olivia, Truganina. Alandra 22.5 by Aston Homes.

Investing, Upsizing or Planning to Raise a Family? Why Olivia Ticks all the Boxes

Investing, Upsizing or Planning to Raise a Family? Why Olivia Ticks all the Boxes

We’re proud of the diversity of people forming the Olivia community. There are families, singles and investors planning to build from two-bedroom townhomes to five-bedroom family homes. One thing they all have in common is they want the ease and accessibility that a well-developed and master-planned estate delivers. Olivia offers a quality lifestyle in a beautiful estate close to shopping, community amenities and transport.

Are you raising your family?

Young families need space, nature and fresh air in a safe community. Imagine your children riding their bikes to and from school, going for walks with their friends and enjoying the space they have to kick a ball or play cricket.

Picnics in the park can be a Sunday family event. Olivia has 6.5 hectares of open spaces including a 4.5-hectare sporting ground and 2 hectares of landscaped parklands. An interactive feature park will be developed with a state-of-the-art inclusive playground for all ages and abilities. Loads of fun for the entire family!

Are you investing for the future?

Often there is a trade-off between investing in property with good capital growth versus a quality home in a new estate. However, in our experience, Olivia has provided its current purchasers with both capital growth and value for money since it was launched.

Based on data from realestate.com.au, Truganina has seen a compound growth rate of 8.8% for houses and 5.3% per annum for units over the last five years.

“The reasons why we have purchased in the Olivia estate are because it is in very close to the future Westfield shopping centre, it is located between two train stations and also very important is that it is very close to the freeway entrance and exit. Olivia Estate is in a perfect location for any investor”. Khim – investor.

Are you upsizing to your dream home?

Your dream home is an affordable reality at Olivia. Our land lots accommodate from small townhomes to larger homes with inground pools. The community is diverse and people who have lived in Melbourne’s West for many years are arriving at Olivia to take advantage of the space, amenities, community vibe and accessibility.

“My family is looking forward to moving here to start a new chapter. We’re upsizing and building a larger home with more room, a larger backyard and a swimming pool.

We’ve lived in and built other houses in the area but we have never built our dream home. We’re planning for this to be our forever home. It’s ideal because we now have the larger block, a great community in a quality development and Olivia is close to everything.” Franca – mum of two teens.

Are you a first home buyer?

For the first home buyer, there are several incentives and initiatives to take advantage of. You can access over $35K of savings to put directly into your home build, giving you a head start in your first property investment.

Here’s a summary of the initiatives you may be eligible for*:

“We chose Olivia Estate because it has the perfect location and it’ll be a classy development”. Maybelline – first home buyer.

The City of Melton’s progressive plan

The City of Melton is committed to the development of a safe and socially connected community with a strong local economy. The population is expected to double over the next 20 years and the community is regularly invited to contribute to its future vision by expressing what sort of ideal community they want to live in. They call this initiative the “City We Imagine”.

Amazon Australia will be opening a new fulfilment centre in the City of Melton late in 2021, creating 300 ongoing jobs in the area and a significant boost to the local economy.

Invest in a boutique estate for quality of life and future prosperity

Olivia offer a range of land allotments and house and land packages in Truganina.

Stages 1, 2 and 11 at Olivia are fully sold and we recently celebrated our 200th house and land customer! We are now selling Stages 3, 13 and 14.

Whether you want a small townhome or a large family size home, there is a variety of homes and designs to suit your needs. Please contact our Estate Manager, Christian Taverna on 0422 871 939 or [email protected] to have an initial conversation and to find out more about upcoming exclusive land releases.

*Eligibility criteria apply for each grant.

“The compound growth rate is current as at the publication date only. Information is based on third party content, Marantali Pty Ltd does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any omissions or errors. The information should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before making any property decisions.”

Construction Update October 2020 Panaia Boulevard Olivia, Truganina

Construction Update: Olivia’s Community Continues to Flourish Through 2020

As we head into the last quarter of what has been an unpredictable 2020, Olivia has nevertheless celebrated several milestones.

During the third quarter of 2020, titles were successfully delivered for 200 lots in Stages 1, 2 & 11. Stages 1 & 2 settlements have already taken place which means more than 150 new residents have joined the growing Olivia community.

We welcomed our 200th customer who purchased land at Olivia to build their dream home for the family and you can read about why they purchased at Olivia here. Continuing with expansion and development, civil construction works continue to advance across the estate. Sewer and drainage works in Stage 3, which is positioned towards the middle of the estate, are well underway and road excavations and service crossings have commenced. Stage 3 titles are expected in the second quarter of 2021.

The Olivia community continues to grow

Every month the community at Olivia grows with new buyers. Each person or family has a different reason for purchasing – to raise their family, upsize to their dream home or invest in their future. Having said this, the Olivia community has one thing in common: the people value a quality of life and ease of daily living – open green spaces, ease, convenience and accessibility.

With over 6.5 hectares of stunning green spaces including a 4.5 hectare sporting reserve and 2 hectares of landscaped parklands, Olivia’s location is ideal. It’s close enough to shopping and transport but away from the main freeway so it’s a little quieter than other developments. Rockbank train station is five minutes away, Melbourne’s Tullamarine Airport is a thirty minute drive, and shopping centres are all within a ten minute drive. A future Westfield Town Centre and Business park are also proposed within a five minute drive.

“You’re not far from anything, you’re not stuck in the middle of nowhere. It won’t take you half an hour to get anywhere, only five minutes to shops, schools and work – everything is close by. I can get to Woodlea shopping centre in 5 mins (opening soon) or I can get to Watergardens in 15 mins. I have access to both.” Franca

Imagine living in tree-lined streets walking distance from 6.5 hectares of parklands

Whether you’re upsizing, investing or looking for an ideal place to raise your family, Olivia in Truganina has a variety of land lots and house and land packages. With over 6.5 hectares of open green spaces including a 4.5 hectare sporting reserve and 2 hectares of landscaped parklands. Make an enquiry with our Estate Manager, Christian Taverna, on 0422 871 9393 or [email protected] and start something beautiful today.

Celebrating our 200th Customer – “Olivia is the ideal place for us”

At Olivia in Truganina, we’re celebrating our 200th customer this month.

In our blogs and on social media we often discuss why Olivia is an ideal place to raise your family, upsize to your dream home or invest in your future. This time however, you get to hear it from one of our future residents. Franca and her husband purchased land at Olivia to build their dream home for their family of four. They don’t plan to move again, so this decision was important and had to meet several criteria.  With a range of land lots, house and land packages, and a convenient Truganina address, there is something to suit all tastes and budgets.

Franca shares with us why she and her husband decided on Olivia, when there are so many alternatives in Truganina and the Western Corridor of Melbourne.

“You’re not far from anything, you’re not stuck in the middle of nowhere. It won’t take you half an hour to get anywhere, only five minutes to shops, schools and work – everything is close by. I can get to Woodlea shopping centre in 5 mins (opening soon) or I can get to Watergardens in 15 mins. I have access to both.” Franca.

Why did you purchase at Olivia?

“For us it’s the ideal location, not far from anything. It’s close to work, schools and shopping centres. I work at Woodlea and it’s only a 5 min drive. I like Olivia because out of all the developments in the area, it’s further away from the freeways and main roads, so it’s quieter. But it’s still close enough to all major roads to be wonderfully convenient for all of us.

The Woodlea Shopping Centre complex is only a 5 minute drive away and the train station in Rockbank is also only 5 minutes away. Watergardens Shopping Centre is 15 minutes away if I want more variety.

The Westfield Shopping Complex will be built in a couple of years which will be a great asset for the community. And it’s only 5-10 minute drive from Olivia.

We’re all looking forward to a quieter lifestyle. It’s a change, we’re so use to being on this side of Taylors Lakes and on this side of Taylors road. I wouldn’t have purchased at Olivia if it was the old Truganina, nearer to Tarneit. But it’s closer to Rockbank on the border and it’s part of the Melton City Council which we prefer.

Olivia has many advantages for a good lifestyle. The development itself is beautiful, and well thought out with a focus on lifestyle and ease of living. The blocks are bigger. The developers have paid attention to what really counts to support a quality of living every day.

For us, convenience, accessibility, not being far from anything and feeling connected to our wider community was really important. Olivia provides this.”

What sort of lifestyle are you looking forward to at Olivia?

“My family is looking forward to moving here to start a new chapter. We’re upsizing and building a larger home with more room, a larger backyard and a swimming pool.

We’ve lived in and built other houses in the area but we have never built our dream home. We’re planning for this to be our forever home. It’s ideal because we now have the larger block, a great community in a quality development and Olivia is close to everything.

My son and daughter look forward to a bigger bedroom and more space. They also appreciate the proximity of the train station to get into town and meet their friends. I like the fact I am close to work, so does my husband. We’re looking forward to a better quality of life at Olivia.”

“I wouldn’t have bought anything that was too far away. Accessibility and convenience is important to me and the estate is beautiful – lovely parks and spaces.”

How did Olivia compare to other developments in the area?

“Olivia has bigger blocks at better prices. It’s quieter, away from the main roads and highways but just as accessible to everything we need.”

With new land just released, call Olivia Estate and get in early

With three stages of the development already complete, the estate will soon have streetscapes, landscaped parks and homes. Olivia is on track to become a wonderful community of like-minded residents who want quality and convenience for a good lifestyle.

Get in touch with Christian Taverna, our Estate Manager on 0422 871 939 or [email protected] to learn more about why Olivia is an ideal place to raise your family, upsize to your dream home and invest in your future.

Header image credit: Ambreen Hasan on Unsplash.
Aston Homes Bordeaux house and land packages for sale at Olivia, Truganina

7 Questions to ask when choosing a house and land package

You’ve made the decision to buy a house and land package in Melbourne’s expanding Western corridor – great! The next step is to find the ideal development which meets your lifestyle needs.

Living in Melbourne’s West gives you the opportunity to create the lifestyle you’ve always wanted. The western corridor is rapidly growing with continuous investment in the region’s facilities and amenities. Living here gives you the freedom and space to move, without traffic congestion or the need to hurry. You’ll have more time with your family and friends or with yourself to do more of what you enjoy.

Asking the right questions up front leads to more informed decisions. Buying a home is a long-term investment so we’ve compiled a list of questions to ask builders when researching your house and land options in Truganina or Melbourne’s West. 

1. What amenities and facilities are close by?

Find out what recreation centres, sports clubs, aquatic centres and community centres are close by. What do you like doing – golf, swimming, running, bushwalking, or going to temple and church? Do your kids like netball or soccer? Are there parks nearby for small children to play and for picnics?

At Olivia: These amenities may also be within the development. Olivia has 6.5 hectares of open spaces including a future 4.5-hectare sporting ground, and 2 hectares of family-friendly landscaped parklands, only a short walk from each property.

A future interactive 1.27-hectare feature park is proposed at Olivia which will include a state-of-the-art playground for all ages and abilities.

2. What sort of education and schools exist today, and are proposed in the area?

Ask about the education options in the area and whether they provide for all ages. Are there child-care centres, primary schools and high schools? Do you prefer public or private schools?

If they’re close to the development you’re interested in, your children might be able to walk to school. A walk to and from school can be an opportunity for kids to relax, breathe fresh air and enjoy time with friends.

At Olivia: There are four proposed schools within a 5-minute drive of Olivia. A state primary school is planned along Caulonia Drive directly adjacent to Stage 2 in Olivia. Another state primary, a non-government primary and a non-government secondary school are planned to be delivered to the east of Olivia. A selection of local schools can be found here.

3. Is the location close to transport and shops?

How far do you need to travel to go shopping for groceries and can you shop for everything you need in your local area?

Depending on where you need to travel for your work or to see extended family and friends, find out about local public transport options. If you need to visit the CBD often, access is important as you don’t want to have to navigate traffic every day in a car.

Well thought out developments will provide for various transport options. How close is the development to the train station and is there parking? On a day to day basis, these conveniences make the difference between spending too much time in traffic or being at home with the family in time for dinner.

At Olivia: Olivia is just a 5-minute drive from the newly upgraded Rockbank train station and the Western Freeway for an easy commute into the city. There are also plans for another train station on Hopkins Road, 5-minutes east of Olivia.

Currently, there are four shopping centres in close proximity to Olivia with plans for two new town centres. The proposed Rockbank Town Centre will be less than 5km to the west of Olivia on Leakes Road. The town centre will span approximately 35,000 square metres and consist of an indoor shopping centre and village style high street, comprising specialty shops, supermarkets and cafes.

The proposed Mount Atkinson Town Centre will be the closest to Olivia, less than 3km east on Hopkins Road and the proposed Grand Boulevard. The town centre is planned to be anchored by a Westfield shopping centre.

4. Can I choose my own builder?

Some developments can be locked into particular builders so if you have a preference for a building company, then ask this question up front. At Olivia, we have a range of builders who provide house and land packages offering excellent value for money.

And, at Olivia you can choose your own builder to develop your ideal home.

5. How do I know if I’m financially ready?

Before you start looking for a new home, find out about your borrowing capacity. You’ll save yourself plenty of time with the hundreds of properties on the market by narrowing down your selection of house and land packages.

The major banks all have home loan calculators online that you can use to do some initial analysis. We’d recommend you speak to a bank home lender directly, or a local mortgage broker who knows the local developments, valuations and will help you determine your lending capacity.

At Olivia: If you’d prefer to speak with someone about your borrowing capacity both George and Tom are happy to have a chat.

George Tofa is a Mortgage Broker at Liberty. He can be reached on 0432 725 244.

Tom Kuo is a Mobile Lending Executive at Commonwealth Bank. You can get in touch with him on 0436 916 458.

6. How will I be kept informed of progress on my land?

How does the developer keep you informed about development, construction updates, reaching milestones and settlements? If your settlement is a year or two down the track, you’ll need to know what’s happening with your investment over this time.

For example, at Olivia, we provide quarterly construction update videos on our website. We send out emails regularly that increase in frequency as titles approach which include information about progress, valuations, statement of compliance, titles and settlement, and other industry news relevant to Olivia property owners.

You can also follow us on social media to stay in the loop with all things Olivia. We’re on Facebook and Instagram. 

7. What government incentives are available?

Right now, there are several government initiatives that will help boost your investment in a new home. It’s money in your pocket to help you get a head start. Read our blog $35k+ worth of reasons to start building your dream home at Olivia in 2020. 

The $25,000 HomeBuilder Grant the government has provided a $25K grant toward the build of your new home in response to the Coronavirus pandemic.

The $10K First Home Buyers Grantif you’re buying or building your first home in Melbourne valued up to $750,000, you may be eligible for a First Home Owner Grant (FHOG) of $10,000.

The First Home Loan Deposit Scheme with this scheme you can buy a home with as little as 5% deposit if you are eligible.

If you have any other questions, please contact our Estate Manager Christian on 0422 871 939 or email [email protected]. You can also view our Frequently Asked Questions here. 

HomeBuilder Update: Three month extension for construction commencement in Victoria

HomeBuilder Update – Three month extension for construction commencement in Victoria

The Australian Government’s HomeBuilder Grant provides eligible owner-occupiers $25,000 toward a new home. This covers a new home build, renovating an existing home or buying a home off the plan.

The guidelines are as follows: To access the grant, the home building contract has to be signed before 31 December 2020, with building to commence within three months of signing the contract.

However, with Stage 4 COVID restrictions in Melbourne, the Commissioner of State Revenue announced a 3 month extension to the grant. This means if you’ve been approved for the grant, you have 6 months from the date of signing the contract to start construction.

If you have land at Olivia but haven’t yet decided on the home you want to build, you now have more time to plan your ideal home.

Please remember that with this 3 month extension to start construction, applications for the HomeBuilder grant must still be received before 31 December 2020.

Are you eligible for the HomeBuilder grant?

The eligibility criteria to access this grant includes information about your income, residency, home owner status and the cost of the build. Please check the State Revenue Office of Victoria’s HomeBuilder page for more information.

There are many reasons to buy and build in Victoria in 2020

With the incentives available to future home owners in Victoria, it’s money in your pocket which gives you a head start. For more information, see the following links:

The First Home Owner Grant

The First Home Loan Deposit Scheme

Burbank’s exclusive $20K offer to Olivia property owners

$35k+ Worth Of Reasons To Start Building Your Dream Home At Olivia In 2020

Contact the Olivia office today to find out about available house and land packages.

Register your details on our website to find out about new releases or call the Olivia Estate Manager, Christian Taverna on 0422 871 939 or [email protected]. Get a head start on something beautiful today at Olivia.

Sales Office

ADDRESS

1 Panaia Boulevard, Truganina VIC 3029
(Previously 343 Greigs Road)

ESTATE MANAGER

Christian Taverna

PHONE

OPENING HOURS

Friday – Wednesday, 10am – 5pm

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