Browse Forums Building A New House Re: Metricon Price increase 3Mar 13, 2017 11:42 am Customised Burbank Indigo/Hawthorn in Officer VIC https://forum.homeone.com.au/viewtopic.p ... 2#p1680752 Re: Metricon Price increase 6Mar 13, 2017 2:39 pm I heard that the prices may go up. However, with all the first home buyers incentives coming into play in July 2017, im not sure how much of it is sales talk to get you to commit. They taking deposits but not going to contract until after July 2017 so first home buyers can take advantage of the double money especially in regional Victoria. I'm also wondering if the builders might have some competitve offerings after this date too with all the first home buyers that might come into the market as well. Hard to know. Other thing I'm weary of is locking in when land isn't titled. So much building happening at the moment. I hate to get hit with penalties. Re: Metricon Price increase 7Mar 13, 2017 6:44 pm Agree icat2000, locking in the price is always a gamble. Unless you have an iron-clad guarantee of the land titling, I would be careful. Only write that as our land was due to title within a couple of months of buying the block, only for many issues to arise with the developer. We hesistated locking in the contract with Metricon, even though we were assured that the prices would go up significantly if we didn't. Well, our land took two years to title! Reading the fine print on the M contract of sale, we erred on the side of caution, even though 3 months would be the locked in price. We estimated we'd be up for tens of thousands if we had of locked in, which compensated for any increase in prices. When we locked in two years later there were good sales on at the time, meaning a saving anyway- big companies always have sales on. Guy over the road from us- locked in with M as soon as he purchased the land- waited over 1200 days and had to pay approx over $50K for fees during that time. Re: Metricon Price increase 8Mar 13, 2017 6:54 pm PeteK Agree icat2000, locking in the price is always a gamble. Unless you have an iron-clad guarantee of the land titling, I would be careful. Only write that as our land was due to title within a couple of months of buying the block, only for many issues to arise with the developer. We hesistated locking in the contract with Metricon, even though we were assured that the prices would go up significantly if we didn't. Well, our land took two years to title! Reading the fine print on the M contract of sale, we erred on the side of caution, even though 3 months would be the locked in price. We estimated we'd be up for tens of thousands if we had of locked in, which compensated for any increase in prices. When we locked in two years later there were good sales on at the time, meaning a saving anyway- big companies always have sales on. Guy over the road from us- locked in with M as soon as he purchased the land- waited over 1200 days and had to pay approx over $50K for fees during that time. Ouch. That is some penalty. 50K a lot of money. Just to makea point about this, an approach that some people have found sucessful in negotiating these rises down, Is to provide some workings to the builder, specifying… 4 81667 Fair Trading can issue orders to rectify and complete but once the matter goes to NCAT these orders are automatically vacated. You will have to terminate contract and sue… 21 29679 How are you doing Ben? Extremely interested in hearing what you are doing or plan to do! 12 15113 |