Project Regent

You may be wondering why we haven’t posted for a little while. Well the answer is simple. We’re playing the waiting waiting waiting game. The things we’re waiting for are (in order):

1. Land to title (about 3 weeks)
2. Final mortgage documents to sign (the bank won’t issue them till the land titles)
3. Settle on the land (mortgage payments start!!!)
4. Get start date
5. Start building!

With a bit of luck all will happen quickly, especially the land settlement! We may have to put a rocket up BankWest for that…

Oh, and we’re STILL waiting for PD to get back to us with our contract variations.  Its been 5 1/2 weeks since we signed the construction contract.  Seriously, does it really take that long???  grrrrrr!!!!!

We were out looking at the progress of our land today. Nothing to report there. Still looks like its ready and still on track to title in a few weeks!

While we were there we say another Regent 23 that is being built a few streets away. They’re on the same size block as us so it was good to see how it will sit on the land and how much space we’ll have outside. We just wish our house was at lockup stage too, but we’ll just have to be patient.

Also while driving around that building area we saw a couple of houses being built with our bricks too. They look good!

I read on a forum that someone wanted to find out their street number before their land title had been released, so they called the council.  So what did I just do?  I rang Wyndham City Council.  According to their system our street number is FIFTEEN!!!!  Its a nice number, but it means that my calculations, based on no theory what so ever,  in an earlier post were completely wrong!

Thought I’d do a quick update as we’re getting closer to the final tick of approval from the bank.  On Monday we’re signing the construction contact with PD which will then goto the bank so they can do their valuation and give us formal approval!  That will aparently still take them 2 weeks but at least now we have some kind of timeframe.

Also, I went past the block today.  The fence is still up so we can’t actually step foot on our land, but it looks pretty much ready for building.  All the blocks in our release have now been flattened off.  They’ve also painted the markings on the road, put those little reflective things on the road and have started to build the little fence on the nature strip that divides Wylie Way from Sneydes Road.

I also popped into the land sales office to see how the sales of release 19b were going.  19b went on sale last weekend.  Strangely enough there are still about half the blocks available. When we put the deposit on our land it was a week after 19a went on sale and there were only about 4 blocks left.  I wonder if it is because the people who build in stage 19b will miss the deadline for getting the $26K from K Rudd (unless they extend it).

1317 is sold. To us.

Guess what we did today? That’s right, went to Point Cook. Didn’t see that coming, did you?

So what is so important about today? Well, we had until the end of March to finalise our deposit for the land. So with a large sum of money printed on a cheque (eeek!), it was time to hand it over to ensure our house will have a home on which to be built.

With this all in place, we’re one step closer. According to the land agent, the expected title period of June still remains - so hopefully we can be fully on track to get construction started in July/August.

A footpath and driveway accompanies our lamp post.

Right around the corner from the land office is our block, so we had to take a look. With Mikey out showing one of his out-of-town friends the land and display home on Friday (except it’s closed Fridays - good one lol), we had new things to see - to accompany our lamp post, we now have a footpath and driveway, as well as a significant amount of land removed from the levelling process.

It’s all just so exciting. In less than 12 months, we’ll be driving up this road, turning into our driveway, and have our very own place to park at the entrance to our home.