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At Meridian

At Meridian we have made choosing your new home easy and exciting. With a selection of leading builders to choose from, each offers a unique and cleverly designed range of homes. From smarter designed homes for better efficiency to luxury inclusions, there is something for everyone.

FAQ
Display Village

Where Do I Start the Buying Process?

The idea of buying a new house in a new community is very exiting. Before making any decisions it is important to speak with a mortgage advisor to help you understand all of your options. There are many lenders available who will guide you through the process to find a home loan that best suits your needs. If you’re not sure where to start just let us know and we can assist you by providing you with a range of lenders you can talk too.

How do I choose the right block of land?

When selecting a block of land there are some key questions that can help determine the block that best suits your needs, you should consider: Size of the block – How much room do you need? Have you already decided on a house? How big do you want your backyard? Orientation of the block What direction will your house face? How will this affect the solar efficiencies of your home? Budget Have you spoken to your mortgage advisor? Do you know how much your house and land will cost? What other blocks will suit your needs? Some of these questions might seem daunting but our friendly staff are here to help, we’d be happy to sit down with you and work out what best suits your needs

How do I choose the right home?

Just like choosing your land there are some key questions that can help you determine your ideal home, you should consider: Space requirements – How many bedrooms do you require? Single storey or double storey? What will your family’s needs be in the future? Design – Modern or contemporary? What energy rating do you want your home to have? Do you want an outdoor entertaining area? Design guidelines – To protect your investment we have a number of guidelines that aim to maintain the high standard of Meridian. Is your builder aware of the design guidelines? If you need help finding the right builder or you just want to find out where you can view some homes on display, we would be happy to recommend some.

What is the first home buyers grant?

You may be eligible to receive the first home buyers grant. For contracts entered into on or after 1 July 2013 to build or purchase a new home, a payment of up to $10,000 is available for eligible first home buyers. Source: www.sro.vic.gov.au To see if you’re eligible please visit the State Revenue Office’s website: www.sro.vic.gov.au/first-home-owner/apply-first-home-owner-grant-fhog

What is a land title?

A land title is an official record of who owns a piece of land. It can also include information about mortgages, covenants, caveats and easements affecting the land. Source: www.dtpli.vic.gov.au/property-and-land-titles/land-titles

What is a plan of subdivision?

A plan that depicts the break-up of a piece of land, showing parcels of land, commonly called 'lots', that can be sold separately. Source: www.dtpli.vic.gov.au/property-and-land-titles/land-titles/plans-of-subdivision-and-consolidation

What is a covenant?

A covenant is a written agreement between the seller and purchaser of a piece of land restricting what the land can be used for. For example restricting the type of building material the purchaser can use. Source: www.dtpli.vic.gov.au/property-and-land-titles/land-titles/dealing-with-titles/caveats-covenants-and-easements

What is an easement?

An easement is a right held by someone to use land belonging to someone else for a specific purpose. Common examples of easements are drainage, sewerage and carriageway easements. Source: www.dtpli.vic.gov.au/property-and-land-titles/land-titles/dealing-with-titles/caveats-covenants-and-easements

What is settlement?

Settlement is the process of completing the Contract of Sale1. On the day of settlement the legal documents for the block of land which enable you to be registered as the owner will be handed to you or your chosen conveyancer or mortgage lender once you have paid the remaining balance of your purchase price. To avoid any delays it’s important to confirm with your mortgage lender that you have signed all your mortgage documents and funds have been made available from your chosen financial institution prior to the settlement. You should also make sure you keep in touch with your conveyancer. They will assist you with finalising all the necessary details to effect settlement. 1 It’s always best to have a solicitor review this contract to make sure you are comfortable with all of your obligations before you sign the Contract of Sale. Keep in mind that there are fees involved in buying a real estate, including government stamp duty, property searches, legal fees, mortgage insurance and loan application fees. You can get an indication of these fees from your mortgage advisor or financial institution.

Why do you have design guidelines?

All homes built at Meridian are subject to a set of Design Guidelines. The guidelines have been put in place to protect your investment and the integrity of the project. The key purpose of these Design Guidelines is to assist all owners in preparing an appropriate design response to achieve a consistently high quality of homes and landscaping at Meridian. For more information on our design guidelines CLICK HERE

What are the advantages of buying new?

There are many advantages of choosing to build a new home in a new community when compared to buying an established house. Some of these include lifestyle advantages such as the ability to customise your home or benefiting from new or planned infrastructure, to financial benefits including potential stamp duty savings as well as those that can be gained from using more efficient building materials and appliances.

To help you find your perfect family home at Meridian, plans for an on-site display village are underway.

Once completed you’ll be able to explore an impressive collection of new home designs, and with some of Melbourne’s best builders on display and a completion date planned for 2017, you’re guaranteed to find a quality home to suit your ideal block and family’s needs.