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 p
About Bushlark Grove Bushlark Grove is centrally located; • Close to the Town Centre • Walk to sporting fields • 1 minute to Moranbah Hospital p • 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 Moranbah Real Estate 07 4941 5998 07 4941 5998 John Wood Jo ood 0418 708 628 0 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 y y yp 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 occupier 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 Land only Total l land d packages My place My place 11 11 0 0 ty buyers s (on 3 lots) 66 Owner occupiers Owner occupiers 35 35 20 20 Priorit Local business T Tender d 0 0 15 15 market 15 To be advised – only product and To be advised only product and O Open market k t Open 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. p y • The ballot will be independently supervised. p y p • 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 the Expo you have the opportunity to see complete house and land At th E h th t it t l t h d l d 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 Joe Blogs 1 1 $5,000 $5 000 $5 000 $5,000 Ann Smith 7 $5,000 $35,000 • Deposit money is paid into Moranbah Real Estate trust account • For deposits paid online, include unique reference from paying F d it id li i l d i f f i the deposit on your tender form (LASTNAME FIRSTINITIAL No of LOTS) ie BLOGSJ1 or SMITHA7 of LOTS) ie BLOGSJ1 or SMITHA7 • Deposits will be refunded to unsuccessful tenderers. p
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 y y 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 • Marie Plahn M i Pl h 0413 811 621 0413 811 621
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