Browse Forums Building A New House 1 May 10, 2011 7:39 am Hello All, Does anyone can shed me some light about Henley Pricing Matrix? How does it work? For my understanding, it holds the price for 6 months after the first deposit. I went to tender appointment and was given $2.5k Pricing Matrix in my contract, the first deposit was done 3 months ago. And the land will be titled in 2 months. I really confused with the builder explanation. On the other hand, with the newest Henley promotion, it doesn't seem to change much with the promotion I am in. So basically I would pay extra $2.5k for nothing? Thanks in advanced for your answer, Cheers, Hazza Re: Henley Price Matrix 2May 10, 2011 7:59 am The pricing matrix is meant to lock in a fixed price for you in the event of price increased for their std houses prices. So, for example if the standard price of the home you have chosen increases by 3K within 6 months, you wont be effected by the price increase. However, if your land title is delayed and titles after the 6 months matrix expires, you will have to pay the new price. __________________________________________________________________________________________________________________ All new built homes look like display homes... until the furniture goes in. Re: Henley Price Matrix 3May 10, 2011 8:52 pm But there isn't price increase since my initial deposit. But why I still have to pay $2.5k? Re: Henley Price Matrix 4May 10, 2011 9:10 pm hazza.is.the.don But there isn't price increase since my initial deposit. But why I still have to pay $2.5k? Could it be almost like an insurance policy? You pay the 2.5K as a just in case the prices go up? Sounds a bit cheeky really as once you pay a deposit it should lock in your price anyway. Hi, If you give a set of criteria as to what means 'good' to you, it'll give others prompts to respond. We considered Henley early on but there were two factors that… 1 10396 Wow I hadn't realised things had gotten that pricey in just a couple of years since I built, that is crazy with how much land is now costing if you aren't lucky enough to… 3 7014 Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 35189 |