Buying and Selling
Our village is complete and there are no new villas or apartments available for original occupancy. All property for sale are therefore resales. We occasionally have villas for sale. All are in good condition and normally ready for occupancy with little to do other than personalise them to your taste. As of early 2014 there is a waiting list of interested parties.
You do not buy a villa. The village is held under Purple Title. You buy an estate, which is:
Sales are administered in accordance with clause 7 of the Deed. Note that under clause 20.3 you cannot further partition your share of the land title.
Our reception staff will put you in touch with our sales staff or you can call the office direct on (08) 9407 8231 or mobile on (04) 0085 5375.
You do not buy a villa. The village is held under Purple Title. You buy an estate, which is:
- an equal share of the land title to the entire village (approximately 1/150th as there are 150 residences) - all villas, clubhouse, roads, gardens, and utility service facilities are included;
- a licence to occupy the villa you select.
Sales are administered in accordance with clause 7 of the Deed. Note that under clause 20.3 you cannot further partition your share of the land title.
Our reception staff will put you in touch with our sales staff or you can call the office direct on (08) 9407 8231 or mobile on (04) 0085 5375.
Borrowing to Buy
This is possible. However, your estate is a share title and this prevents you entering into a first mortgage agreement with a lending institution. Our contract requires that loans are three-way agreements between you, a lender and our Management company. The agreement at 19.3 gives the Management company and the village first call on any proceeds of sale (includes Costs/Deferred Fees and other "Money Secured"). This reduces the size of the loan obtainable. You must discuss this option with our sales staff.
Some of you need to buy-in subject to sale of the family home. In a down-market it may be worth considering borrowing against your home to buy into the village while prices are lower. The strategy is to rent out your home and claim the interest against the tax due on the rental income. When the market improves you sell your home for more than you'd get in the down-market. You should seek professional advice before implementing this strategy.
Some of you need to buy-in subject to sale of the family home. In a down-market it may be worth considering borrowing against your home to buy into the village while prices are lower. The strategy is to rent out your home and claim the interest against the tax due on the rental income. When the market improves you sell your home for more than you'd get in the down-market. You should seek professional advice before implementing this strategy.
Pricing
The pricing of villas varies according to their size, features, location in the village and the state of the general housing market. Villa prices are sometimes considered high, but this needs to be considered in relation to the cost of housing in this area, where similar sized units and town houses generally sell for more. Then factor in that you gain access to the clubhouse facilities and grounds, as a part of your purchase, which you don't get outside the village. Finally, factor in that you also gain access to a pool of like minded people who you are likely to socialise with and in some cases form great new friendships. When you consider all this, the pricing is really quite reasonable.