Springfield Rise Estate
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Freezing the base price of your new home protects you from any potential increase in the overall build price. Our price freeze is included to safeguard the cost of your home increasing from external factors, such as rising costs of building materials. If you’re looking for greater financial security over the course of your new home journey speak to one of our friendly New Home Sales Professionals who can explain our price freeze in more detail and answer any questions you have.
In order to be eligible for this offer site start clients must pay a confirmed deposit within 7 days of initial deposit and sign a HIA Building Contract within 12 weeks of the confirmed deposit.
The pricing in the Sales Quotation will be held by Orbit Homes for up to 12 months from the date of the initial deposit until site start.
For homes sold on land that is not registered at the time of initial deposit or is not anticipated to be able to achieve a site start within 12 months of initial deposit date, the base price of the home will be increased by an additional $1,500 for single storey homes and $2,000 for double storey homes. For the sake of clarity, the pricing adjustment will be made by Orbit Homes during the month when land registration is achieved, and will be calculated at the monthly rate of $1,500 for single storey and $2,000 for double storeys for each additional month after 12 months from initial deposit date to forecast site start (unless the delay is caused by Orbit Homes).
The maximum total price hold period allowable is 18 months from initial deposit date. Based on the maximum 6 month price hold extension, the maximum additional pricing adjustment is $9,000 for single storey homes and $12,000 for double storey homes. The adjustment will be raised via way of a Post Contract Variation.
Where a site start is delayed to a date beyond 18 months from the date of initial deposit, Orbit Homes will then reprice the contract price to reflect current pricing at the time of land registration.