Subdivision and creation of lot titles

Subdivision and creation of lot titles 1

The subdivision of land has many steps and can take considerable time. For a project of this complexity, there are also many layers to coordinate and the bureaucratic protocols of a variety of government departments to navigate. With the receipt of formal subdivision clearance letters from the Augusta-Margaret River Shire on 2 October, the process that we began in 2018 is nearly completed and we expect to have property titles for 109 lots covering Stages 1 and 2 in late October. Special thanks to our surveyors MNG, electrical consultant 3E, civil contractors Wormall Civil, and settlement agent Vicki Philipoff.

The announcement of the government housing grants several months ago supercharged our efforts to create titles this year, to enable our Stage 1 and 2 buyers to take advantage of the State and Federal grants. Even though our civil contractors had not fully completed the site works prior to leaving site at the start of winter, we were able to negotiate a bonding arrangement with the Shire that enabled them to clear the remaining subdivision conditions. We were also able to bond the remaining works at the Bussell Highway entry with Main Roads, which allowed them to sign off on the subdivision. Finally, we were able to satisfy Western Power, the Department of Education, and TMC Witchcliffe (our future wastewater provider) that the required works were completed and fees paid.

Lot titles are tracking to be available in early November, which will mean that buyers with signed land contracts in place can settle on their lots in mid-late November. This will allow them sufficient time to choose a design and sign up a builder’s contract before 31 December to qualify for the grants. With Wormall Civil returning to site shortly, Stage 1 civil works (Clusters 1A, 1B, 1C) should be completed prior to Christmas, which will allow individual builders to start on housing projects in January 2021. Stage 2 civil works should be completed by February.

YOUR VALUE PROPOSITION.

A supporting statement of your value proposition, people on your website to become lead with targeted CTA.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla quam velit, vulputate eu pharetra nec, mattis ac neque. Duis vulputate commodo lectus, ac blandit elit tincidunt id.

Cluster 1A Lot 1

$160,000

Lot Number: 1
Stage: 1
Lot Type: Cottage
Lot Size: 456m²
Lot Dimensions: 11.26 x 30 x 15.5 x 25.76 x 6
Exclusive Use Garden Area (EUA) Size: 115m²
Total Area (Lot + EUA): 571m²

Category:
X
X