Henley Price Matrix

hazza.is.the.don · May 10, 2011 8:39 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

Starz · May 10, 2011 8:59 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.

hazza.is.the.don · May 10, 2011 9:52 pm

But there isn't price increase since my initial deposit. But why I still have to pay $2.5k?

snoofie · May 10, 2011 10:10 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.