Purchasers are required to make a minimum deposit of $5,000 on dwellings purchased “off the plan” in Stage 2.
Purchasers are not required to make any further payments/progress payments/progress instalments until settlement when the balance of the purchase price is due.
Settlement will occur after the dwelling has reached practical completion.
Purchasers making optional upgrade selections, for example kitchen appliances and bathroom accessories, are required make an additional deposit for the upgraded items.
This does not constitute as a further payment upon the dwelling.