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Pricing and contracts

Pricing and contracts

Two contract options, each explained before you sign, together with the factors that most commonly affect price.

Living room interior planned for the Cleveland Residence

All images on this page are artist's impressions.

Contract options

Fixed price or cost plus

Option 1

Fixed-price contract

  • A single price for the agreed scope of work.
  • Available for all builds. Our first-home design is always built under a fixed-price contract.
  • The usual choice for clients financing their build.
  • Covered by the Queensland Home Warranty Scheme, including non-completion.
Option 2 · Custom homes only

Cost plus contract

  • The actual cost of labour and materials, plus our agreed fee, with open-book reporting.
  • Suited to custom homes where the design may evolve during construction.
  • Some lenders do not finance cost plus contracts, or lend less against them.
  • Covered by the Queensland Home Warranty Scheme for defective work only, not for non-completion.
  • Our fee is agreed and set out in the contract before signing.
Factors that affect price

Understanding the variables

Every site is different. The following items most commonly affect price, and we assess each of them before quoting.

  • Site slope, soil conditions and rock
  • Access for machinery and deliveries
  • Demolition and service disconnections, for knockdown rebuilds
  • Retaining walls, drainage and service connections
  • Council, certification and other statutory fees
  • Changes requested after signing (variations)
Deposits

Deposits and cooling-off

No payment is required before you sign. The site assessment is provided at no cost.

The deposit is payable after the building contract is signed. Queensland law limits the deposit to 5% of the contract price for most new homes.

You may withdraw from the contract by written notice within five business days of receiving a copy of the signed contract (the cooling-off period). If you do, the builder may keep $100 plus out-of-pocket expenses reasonably incurred, and must refund the balance. The cooling-off period does not apply in limited cases, such as where you obtained independent legal advice before signing.

Next step

Arrange a site assessment

Share your site address, block size and building intentions. We will respond with an initial assessment and recommended next steps.

Submit enquiry