Buying your first home is an exciting milestone. At Ooralea Waters, we strive to make this experience as seamless and enjoyable as possible. Here’s a comprehensive guide to help you navigate the process of securing your dream property in our vibrant community.
1. Get Pre-Approved and Set Your Budget
Begin by assessing your financial situation to establish a realistic budget. Consult with a financial advisor or mortgage broker to understand your borrowing capacity and explore various loan options. Obtaining pre-approval for a mortgage not only clarifies your budget but also ensures you are financially prepared when selecting your property. If you need any assistance to get started, our experienced Sales Team can provide you with key contacts to assist with building options, financing and legal requirements.
2. Explore Ooralea Waters’ Offerings
With a clear budget in mind, delve into current land releases available at Ooralea Waters. When it comes to selecting your perfect block, be sure to consider factors such as:
- Lot size
- Orientation
- Frontage
You can also select from a great range of curated house & land packages designed to suit various lifestyles and budgets from various local and national builders. These packages simplify the building process by combining the cost of land and construction into a single package.
3. Consult with Our Sales Team
Once you’ve identified potential options, reach out to our Sales Team. They are here to provide personalised advice, answer your questions and guide you through the selection process. Their expertise ensures you make an informed decision tailored to your needs.
4. Secure Your Dream Home at Ooralea Waters
After selecting your desired lot or house and land package, the next step is to secure it. This typically involves:
- Reservation: Placing a deposit to reserve your chosen property, ensuring it’s held exclusively for you.
- Contract Review and Signing: Carefully review the sales contract, seeking legal advice, if necessary, before signing to formalise the purchase agreement.
5. Take Advantage of First Home Buyer Grants – Available to 30 June 2025
As a first home buyer, you may also be eligible for government grants and incentives designed to make homeownership more accessible. For instance, the Queensland Government offers a $30,000 First Home Owners Grant for eligible buyers buying or building a new home.
6. Finalise Your Build
Once you’ve completed the contract signing process, it’s time to wait settlement of your land. During this phase, we will keep you updated on the construction progress of your stage and provide you with an expected title date. This communication ensures that you’re always in the loop, so you can plan accordingly.
It’s also the time to work closely with your lender or mortgage broker to prepare for settlement. This includes ensuring your finances are in order, as settlement typically occurs 14 days after the title date. Your conveyancer will manage all aspects of the settlement on your behalf, ensuring a seamless transition from purchaser to homeowner.
This will also be the time to finalise your plans with your builder, who will obtain the necessary building permits for the construction of your new home to begin!
7. Become Part of the Ooralea Waters Community
Following handover with your builder, you can fully immerse yourself in the vibrant Ooralea Waters community! Take advantage of the extensive parklands, walking trails and nearby amenities that make our neighbourhood a desirable place to live.
Ready to get started? Our team is here to guide you every step of the way. Contact our Sales Team today to start your journey toward owning your dream home. And be sure to download a copy of our ‘5 Steps to Buy’ guide here.
Note: Information regarding grants and financial assistance is subject to change. Please consult with our Sales Team or relevant authorities for the most current details.