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27/07/202327/07/2023

Are Townhouses a good investment for a First Home Buyer?

Purchasing your first home is an exciting milestone, but it can also be hard to not feel overwhelmed at times by the many points to consider. With countless options available, it’s crucial to find a property that suits your needs, budget, and future aspirations. Look no further than Marigold’s Tennyson Townhouses collection, a new affordable townhome offering a design specifically with first home buyers in mind.
Let’s explore the key features of these townhouses and why we think they are an excellent choice for those embarking on their homeownership journey!

Buying your first home: Are Townhouses a good investment?
One of the most significant advantages of the Marigold Tarneit Townhouses is their affordability and value. Starting from a low $459,500, this is an attractive price, allowing you to select a versatile home that aligns with your financial goals. As a first home buyer, it’s important to find a property that fits within your budget without compromising on quality. With competitive pricing and a focus on value, the Tennyson Townhouses ensure that you get the most out of your investment.

The Tennyson Townhouses Collection at Marigold Tarneit boast a modern and functional design, catering to the needs and preferences of contemporary living. The thoughtful layout maximizes space utilisation, providing comfortable living areas for you and your family. These two bedroom townhomes include stylish bathrooms, spacious open-plan living and a designated home office space away from the central living area. Each aspect of these affordable townhouses has been carefully crafted to ensure both aesthetics and functionality for the owner.

Similarly, to all homes within Marigold Tarneit, the community is extremely well positioned in a prime location, offering convenience and easy access to essential amenities for all residents. With ideal proximity to schools, shopping centres, healthcare facilities, and recreational spaces, residents can enjoy a vibrant and fulfilling lifestyle. Additionally, the community is well-connected to major transport routes, and Tarneit Train Station can be reached within minutes, making commuting to work, or exploring nearby attractions a breeze.

For first home buyers, community living can play a significant role in fostering a sense of belonging and support. Growland understands this need and has curated a vibrant community atmosphere within the development. The townhouses are designed to encourage interaction and social engagement, with communal spaces, parks, and playgrounds available for residents to enjoy. This aspect adds value beyond the individual homes, providing opportunities to forge connections and create lasting memories with neighbours.

When investing in your first home, it’s crucial to choose a builder with a solid reputation for quality craftsmanship and attention to detail. DBN Homes are industry leaders in full-turnkey home solutions, creating a high-quality product without the compromise. By selecting a townhouse from this collection, you can rest assured that you are purchasing a home built to the highest standards, with quality materials and finishes that will stand the test of time.

Selecting a full-turnkey package takes the stress out of building your first home, with all fixtures, landscaping, plus a letter box and a washing line all installed for you and included in the original price. This more transparent and complete figure, also assist those who are working within a tight budget, preventing any unwanted ‘blow-outs’ or surprise costs.

Don’t forget, as a First Home Buyer, you may also be eligible for selective government grants and incentives, like the First Home Buyers Grant that help to reduce the financial burden of purchasing a property. It’s important to note that eligibility criteria and availability may vary, so it’s advisable to consult with a financial expert or broker and visit the State Revenue Office of Victoria website to explore the options available to you.

For an overview of the current incentives available to First Home Buyers, you can visit our Everything to consider as a First Home Buyer blog post.

Buying your first home is an important decision, and the Tennyson Townhouses Collection at Marigold Tarneit offers an exceptional opportunity for first home buyers. With affordability, modern designs, convenient location, all within a thriving established community, these townhouses provide an ideal foundation for your homeownership journey. As you embark on this exciting chapter, consider exploring the Tennyson Townhouses Collection at Marigold Tarneit and discover a place you can truly call home.

If you would like to find out more about the Tennyson Townhome Collection, you can view the range here or contact a member of our friendly sales team for more information via one of the methods below:

Phone: 0421 096 981

Email: townhomes@marigoldtarneit.com.au

Marigold welcomes Metronest Homes to the Display Village in Tarneit.

Marigold is excited to welcome the first of two Metronest homes to our Display Village in Tarneit.

The Wedgebill is a 26 square, four bedroom design that has everything you need for relaxed everyday living.
As you enter the home, you will be impressed with a spacious living room to the left. The wide entry takes you to the spacious master bedroom with a walk-in robe and an ensuite.

The expansive open plan kitchen with a large walk-in pantry, meals and family area looks magnificent and is further enhanced by a raked ceiling. The main family living area opens on to the outdoor living, for effortless year-round entertaining.

Be inspired by this design, that encapsulates and caters for modern family living with seamless flow. The Musk Duck facade creates a dramatic, show-stopping street presence. The skillion roof-lined facade perfectly captures that edgy look, while still allowing the different textures to shine.

At Metronest Homes, they know that the best home builders are those who respect the style and taste of their customers. They positively encourage all clients to put their very own stamp on their homes, to create a haven that perfectly reflects your lifestyle, aspirations and personality.

View Floorplan

Want to know more about the Wedgebill? Contact Sunil from Metronest Homes on the details below.

Phone: 0478 646 114

Email sunil@metronesthomes.com.au

Start your new home journey and visit the Marigold Display Village This Weekend to view the new Metronest Home for the very latest in new home inspiration.

Frog Way Park Now Open!

Construction of Marigold’s newest park in Stage 10 of the community, Frog Way Park, is complete and we are pleased to announce is now open to the public for all to enjoy!

The park was officially approved by council on the 2^nd of June 2023. The temporary fencing has now been removed and all ongoing maintenance has been handed over to Wyndham City Council.

Frog Way Park has been designed as a more passively centred park where Marigold residents can come to relax and enjoy a quiet moment sitting in the sun on one of the park benches or utilise the large open-grassed area in the centre of the park. The expansive grassed area will be a firm favourite amongst residents providing a multipurpose space for all to enjoy whether that be for picnicking with friends, a space for our furry family members to run around or spontaneous games of cricket or soccer with the family.

Frog Way Park also includes some play equipment, directed towards our youngest residents, who can expect to be attracted to the wooden rockers and flower spinners that also add a burst of bright colour to the park.

There is also feature platform seating, standard bench seating throughout, and a water fountain.

We look forward to sharing more community construction updates soon!

To be first in the know, follow us on Facebook & Instagram.

How to finance building your new house

Purchasing a property is a big decision that requires careful consideration. For First Home Buyers, financing your new house is often the biggest consideration and buyers may find themselves wondering what are the actual costs of buying a house and what are the hidden costs of buying a house I need to be made aware of?

Whether you’re a first home buyer, or purchasing an investment property, if you have questions about how to apply for finance or are apprehensive about doing so in the current market, here are some tips on what buyers should consider when purchasing a new home.

How to budget for your property?

It’s crucial to be realistic about what you can afford in terms of borrowing money and monthly repayments. Unfortunately, its not all saving hard and cutting back on discretionary items, it is your income that plays a main role in determining your loan serviceability.

As a guide, it’s best if your repayments don’t exceed 30% of your after-tax salary. This is even more poignant with rising interest rates. Allowing for a buffer to cover rising interest rates ensures you are well placed to secure a mortgage, make monthly repayments and have taken the necessary steps to keep your financial position secure.

What are the hidden costs of buying a house?

There are extra expenses to consider when securing a home loan for a house and land package, beyond the sale price of the land and the costs of the build itself. It’s common for people to advise “save for a 20% deposit”, however, this doesn’t consider other associated costs of buying a home like stamp duty, conveyancing fees and council rates.
It’s also a lot harder to save this amount when housing prices continue to rise.

Start by doing your research and you will have a more accurate understanding of the associated costs of buying and be better prepared financially for this significant investment.

Consolidate debt.

It’s not all saving hard and cutting back on discretionary items but it is somewhat about them.
When looking at borrowing money, your financial institution will review a minimum of 3 months of your living expenses to ensure you can comfortably meet your mortgage payments. So, minimising your spending and reducing your debt commitments, will have an impact on your borrowing capacity.

For some helpful savings tips, you can check out our saving for your deposit blog post here.

What else should I know when applying for a home loan?

Did you know, lenders evaluate the frequency a borrower changes jobs and moves house? Regular change of employment as well as a residence may be considered unstable from a lender’s perspective, and can negatively impact your eligibility for a home loan.

If you have recently started a new job, you may find it hard to secure finance with one of the big four banks. Thankfully, mortgage brokers can usually help these individuals secure finance elsewhere as well as helping to get a lower home loan interest rates.

Know the market.

When securing a home loan for a house and land package, an important point to make is that your loan will not be granted until after land titles have occurred. This can be both good and bad as the current market conditions may not apply when the time comes to secure your home loan.

It is important to account for possible fluctuations by considering a higher contribution or a lower property purchase or build price.

A benefit of purchasing when interest rates are up, if your budget allows you to, is that you have experienced the market in a tougher state. When interest rates then go down, you’ll be able to refinance to a better rate or pay off your mortgage sooner by continuing the elevated payments.

Different types of loans and their features

Should I pick a Fixed or Variable Rate? Should I get a home loan with an offset account? The choice ultimately rests on your personal preference and your long term financial goals. Typically, lenders will offer Variable Rates during the land purchase and construction phases, allowing you to fix the rate upon construction completion.

There are both pros and cons with either option, and you must consider all the features and benefits to make an informed decision.

> Variable Rates offer flexibility regarding repayments and allow fee-free access to additional loan repayments. However, the applicable rate is exposed to the market rate and Reserve Bank, potentially leading to increased repayments. On the other hand, in a reducing rate market, your mortgage payments can decrease.

> Fixed Rates guarantee peace-of-mind with a fixed mortgage payment for the agreed term period and can be good for people on a tight budget. Things to note include, there can be restrictions on your ability to make additional repayments or end the terms early.

What does a mortgage broker do?

Using a mortgage broker can be a great asset to the home-buying process, providing insight into the different types of loans, their features, and benefits. With their in-depth understanding of the market and industry, it’s great to have someone in your corner translating the finance jargon and helping you get a lower home loan interest rate by evaluating the different loans and their features.

Other reasons why it can be beneficial to use a mortgage broker include they can save time and suss out any hidden costs of buying a house, guiding you to make smarter financial decisions.

We have teamed up with a highly experienced mortgage broker – Bill Jara, a Senior Lending Manager at Loan Studio who specialises in residential mortgages. He can assist you and answer any questions you may have about how to finance your new home.

Call Bill on: 0466 896 029 or email: bill@loanstudio.com.au.

Want to chat to a member of our team? Our friendly sales team are always happy to help answer any queries you may have.
Please feel free to reach out on either of the following methods below:

Phone: 1300 888 181

Email: info@marigoldtarneit.com.au

View available House & Land packages at Marigold here

View Land for Sale at Marigold Tarneit here

Construction of Frog Way Park complete!

Construction of Marigold’s newest park in Stage 10 of the community, Frog Way Park, has recently been completed.

Featuring the signature curvilinear shared paths synonymous with Marigold’s main park, Frog Way Park is Gathering Grove’s smaller, but definitely not lesser, younger sibling. Frog Way Park is the more passively centred park of the two, where residents can come to relax and enjoy a quiet moment sitting in the sun on one of the park benches, catching flies or utilising the large open-grassed area in the centre of the park for picnicking with family and friends.

The expansive grassed area will be a firm favourite amongst residents providing a multipurpose space for all to enjoy.

The final landscaping details were all completed this week including the extensive planting of varying tree varieties and small plants and the final rush of laying turf and raking mulch into place. The park will now undergo its own approval process with council whereby council and authority inspections will take place to sign off the constructed works before the park is awarded Statement of Compliance.

Once Frog Way Park has been given the green light from council and the governing authorities, we’ll be free to open the park to the public. Until that time, the temporary fencing will remain in place around the perimeter of the park.

We look forward to officially opening this new park for the Marigold community in Tarneit that will provide a hoppy space for all to enjoy.

Stay tuned for the official opening announcement coming soon!

Maintaining your Property

Growland encourages the regular maintenance of all properties within the community to improve the visual amenity of our Marigold community in Tarneit. Overgrown and neglected vacant lots are not only unsightly but can also attract pests like rats or snakes. As well as looking after the community we live in, maintenance of all properties reduces fire and health hazards and helps to ensure public safety.

Unfortunately, the dumping of rubbish and building materials is common in new communities under construction. Growland is aware of these instances throughout the Marigold community and does what it can to mitigate this illegal activity by installing signage and security cameras throughout the estate.

As the owner of your very own piece of the Marigold community, you can help prevent this unwanted behaviour by securing and maintaining your lot.

Please organise temporary fencing for your lot to prevent the dumping of rubbish as soon as possible upon settlement. It is a costly exercise, for you as the homeowner, if clearing is needed prior to the construction of your home.

Even if you are not planning on constructing your new home in the Marigold community straight away, it is still important to secure your property.

It is also your responsibility to maintain the vacant land to an appropriate standard. Vacant land is to be kept clear of any fire hazard, noxious weeds, box thorn plants, litter and rubbish, which could include concrete, dirt mounds, rocks and rubble.

Overgrown grass can be a fire hazard and must be maintained to a height of no more than 150mm all year round. Regular mowing or slashing is recommended.

We encourage vacant landowners to inspect your property regularly to ensure that these outcomes are achieved.

Wyndham City do undertake their own regular surveillance of new communities and will issue notices to any property that is deemed to not comply. You may also be issued an infringement notice if works are undertaken on your property on your behalf.

The above will help make Marigold a safer and more beautiful community for all to enjoy.

If you do see anyone illegally dumping within the Marigold community or any properties that are unkempt or pose a risk to public safety, please report the activity to Wyndham City Council Local Laws on (03) 9742 0777 you can also report the behaviour by visiting Wyndham’s online Customer Service Portal.

Constructing your shared fence

Separating two pieces of land, a dividing or boundary fence is the joint property between the landowner and neighbour. The cost of building and repairing is shared equally between both parties.

If you are ready to construct your boundary fencing, you will need to get in contact with your neighbours (left, right and rear) before enlisting any contractors. Both neighbours who share the common boundary will need to agree to the costs to construct the new fence before any work is commenced.

To find out the contact details of your neighbours, so you can begin discussions surrounding boundary fencing, please get in contact with the Wyndham council by following the directions at the link provided here.

Constructing a shared fence follows this general process:

1. Contact you local council (Wyndham – see link above) for your neighbours contact details

2. Obtain 3 quotes from separate contractors

3. Speak to your neighbour about the obtained quotes and allow your neighbour to source 3 of their own

If your neighbouring block is unsold and is still listed as the property of Growland, we recommend following these steps:

– Obtain 3 separate quotes

– Choose the best of 3

– Keep all 3 original quotes to present to your new neighbour when they eventually move in

– Present 3 quotes and their share of the invoice from your chosen contractor to your neighbour

If you have any questions about the type of fencing or restrictions on the type of fencing allowed within the community, please refer to
the Design Guidelines here.

Please note: Growland is unable to provide any details to purchasers of adjoining lot owners.

If you would like more information on fencing law in Victoria, you can find that here.

Derrimut Road Entry Feature Complete

Work has recently been completed on the entry feature for the secondary entrance to the Marigold community off Derrimut Road in Tarneit.

Constructed in the same style and design as the original entry feature, on the corner of Doherty’s Road and Padma Boulevard (at the entrance to the Marigold Display Village) the new entry feature ensures consistency and a cohesive feel throughout the community by continuing the curvilinear stonework.

Construction of the entry feature has included building the stone walls by laying the individually shaped rounded boulders to the varying heights of the sloped wall. The wall is then levelled out and smoothed on top to create a nice finish, whilst simultaneously a signage writer has been commissioned to create the signage panels that make up the Marigold logo.

Stone wall complete awaiting Marigold lettering

Lastly, the entry feature is not complete without the landscaping work completed on the surrounding area with planting and laying grass.

Currently temporary fencing surrounds the new entry feature whilst the landscaping works continue.

Stay tuned for more construction updates coming soon!

To keep up to date with the very latest construction and community news, be sure to like us on Facebook, follow us on Instagram and look out for the monthly construction portal update post that will allow you to monitor your stages’ construction progression.

End of Year Construction Wrap Up

2022 has been another big year at Marigold!

Marigold opened its first of two local parks, Gathering Grove Park, located on the corner of Cherish Drive and Rejoice Street in Tarneit earlier this year. The park which will be the largest in the community boasts vibrant colours and feature play equipment that are easily identified on the approach to the park, creating a point of reference amongst the community. Construction has recently commenced on the Stage 10 Park, Frog Way Park, which is anticipated to be completed in July next year. You can read our news post on construction being underway on the new park here.

After two years in lockdown, we were finally able to celebrate the opening of our Display Village and officially welcome our Display Village builder partners to the community. Displaying 14 homes by 8 reputable builders, the Marigold Display Village brings together the very latest in modern design, family oriented and connected living, with a range of designs and layouts to suit all budgets and lifestyles. The Marigold Display Village is the place to visit to find the perfect House & Land package within our community. If you’re looking to be inspired before locking in your builder, you can view online here or visit in person Saturday to Wednesday.

Marigold Display Village Grand Opening Event

Civil construction on the entry wetlands and skeleton creek, located near Stage 9 begun this year and we are happy to update that construction is now complete and we’ll begin the final phases of landscaping and planting in the coming months. You can read our Wetland Construction Update news post here.

Read on below for a stage-by-stage progress report on the works occurring in your community.

Stage 10

Stage 10 will be the next Stage in the Marigold community to welcome new residents who can begin settling and construction of their own homes in the new year.

Stage 10 is currently in the Practical Completion phase and is aiming for Statement of compliance to be awarded before the year is out. Stage 10 Titles will register in the new year!

We look forward to welcoming our Stage 10 residents to the community.

Corner of Ulmus Street & Stean Lane in Stage 10 awaiting Statement of Compliance.

Stage 6

Construction is progressing well in Stage 6, which will be our next Stage to title after Stage 10.

The sewer and drainage works have now been completed and Kerb works are continuing. The road network has now been outlined throughout the stage and the construction team will continue to prepare the ground and start to construct the lower layers of the road pavement. Each stretch of road is made up of multiple layers, compiling of several layers of various gravel types, kerbs are added at the correct road height and then finally asphalt, which can be seen on the finished surface. From here, the construction team will install water and gas mains for ease of access for authorities to manage these services in the future. Once complete, attention moves to the physical construction of the kerb and channel (or gutter system). This is a barrier between the road pavement and the nature strip which is designed to provide road drainage and prevent water entering under the road surface. Construction on Stage 6 is anticipated for completion late Quarter 1 and we will then proceed with seeking approvals from all relevant authorities before lodging at the titles office.

Stage 11

Sewer works have recently been completed in Stage 11 and drainage works are now underway. The drainage works will involve the construction of all stormwater pipes and pits throughout the stage. This will allow the safe draining of all stormwater away from all house lots preventing flooding. This stage will also involve work continuing along Skeleton Creek and the surrounding reserve. The Stage 11 scope will also deliver a culvert (bridge) that connects the Eastern part of the community to the Western Part across the waterway. The culvert will allow the water to continue to flow underneath whilst traffic crosses above on a regular looking road.

Concrete blocks on site ahead of work to begin on the culvert.

Stages 7, 8 & 12

The bulk earthworks are now complete throughout Stages 7, 8 & 12. Sewer works are underway in Stage 7 and will commence in Stage 12 before the year is out. Sewer works for Stage 8 have been scheduled to commence in early-2023.

The sewer works will involve the construction of all trunk and reticulation sewers to provide sanitation services to each house lot and connect these services to previously laid services throughout the community and to the wider approved sewer network.

Trenches being dug in Stage 7 for sewer & drainage works

We are looking forward to focusing on the delivery of these stages throughout 2023 and welcoming new residents to the Marigold community. The final stages of the Marigold community will go on sale next year. Stay tuned for your final opportunity to join the community!

The Marigold Construction Team will be taking a well-earned break over the holiday season and will be back on-site continuing work on your community mid-January.

Stay tuned for more updates in the new year and don’t forget to check out our other construction updates on Marigold’s new park and ongoing construction on the wetlands!

To keep up-to-date with the very latest construction and community news, be sure to like us on Facebook, follow us on Instagram and look out for the monthly construction portal update post that will allow you to monitor your stages’ construction progression.

Construction has Commenced on Marigold’s Stage 10 Park.

Growland is excited to announce that construction has commenced on our Stage 10 Park!

This new local park is positioned in the top north-eastern section of our community on the corner of Ulmus Street & Frog Way, aptly named Frog Way Park.

The new park will pay homage to the previously delivered Gathering Grove Park and reinforce the gentle, undulating forms of Marigold’s landscape by continuing the use of curvilinear shared paths around the perimeter and drawing on the use of large ornate boulders and logs to connect the green spaces. Frog Way Park has been designed as a more passively centred park where residents can come to relax and enjoy a quiet moment sitting in the sun on one of the park benches or utilise the large open-grassed area in the centre of the park for picnicking with family and friends.

The park will include feature platform seating, standard bench seating throughout, and a water fountain.

Frog Way Park will include some play equipment, directed towards our youngest residents, who can expect to be attracted to the wooden rockers and flower spinners that will add a burst of bright colour to the park.

Set out and site establishment are underway which involves establishing the building site with all of the correct health and safety measures in place.

Civil construction can then kick off with the next round of tasks including setting up temporary fencing and performing a general clean-up of the site before civil earthworks begin.

The above preliminary works are well underway, and our team are looking forward to commencing earthworks on the park in the new year.

We anticipate Frog Way Park to be open to the community in July next year.

We look forward to delivering this new park to the Marigold community that will provide a space for quiet reflection and encourage a healthy and active lifestyle for all residents. Marigold residents can expect to reap the rewards of being surrounded by ample green space, look forward to spending many hours outdoors and feel the benefits of an enhanced connection to nature. This is a space that all Marigold residents will be able to enjoy passively or actively.

Stay tuned for more construction updates coming soon!

Category: Uncategorized

Are Townhouses a good investment for a First Home Buyer?

more news stories

Marigold welcomes Metronest Homes to the Display Village in Tarneit.

more news stories

Frog Way Park Now Open!

more news stories