We'll keep you up to date on progress, when we hit construction milestones and when you need to take any action.
CHASE Construction (The Builder) will be accepting all 90 day Defect Liability Period (DLP) lists by 2nd September, 2024. This date will close in fast, so we are coming to you now to ensure everyone has had adequate time to submit.
Following on from the date above the builders will organise trades to commence and complete valid DLP items.
The rectification works will be organised by the builders over a condensed period within 90 days following the 2nd September, 2024.
CHASE Construction will provide adequate notice of these dates when works will commence to minimise disturbance as much as possible.
Please download and use the example template. We kindly ask all purchasers to follow the format to streamline the process.
All 90 day DLP lists are to be completed and sent to sierradefects@chaseconstruction.com.au bgulan@millsoakley.com.au & rhys@thepropertycollective.com.au
If you have any questions at all, please reach out to Rhys 0401 242 772
We are excited to announce that Sierra units plan has now registered and settlements will soon be taking place. So you are across the next steps of settling, moving in and house rules, please see the below document provided by Sierra's strata company, Vantage Strata.
Everything you need to know is in the document from moving in procedures through to setting up electricity and internet accounts.
If you require any more guidance or information, please contact Vantage - adminsupport@vantagestrata.com.au
Please ensure you fill out the form at the back of the document so that you can be contacted and kept up-to-date on any information regarding the complex.
We look forward to seeing you soon to give you the keys to your new property!
If you hadn’t already received the SMS that went out, Tower A is now ready for valuations as the final tower nears completion! If you are yet to have your property valued, please contact your broker/bank as soon as possible so you are prepared to settle on time. Please pass on Rhys’ contact details to your bank/broker to facilitate access for valuers – 0401 242 772
Buyer inspections will begin very soon for Tower C! We’ll be in contact directly with each owner to arrange a suitable time to take you through once they are ready. Exciting times!
Chase Constructions are putting the final touches on this fantastic development, and it’s looking amazing!
Valuations are current taking place in Towers B & C. If you have yet to have your property valued, please contact your broker/bank as soon as possible so you are prepared to settle on time. Valuations for Tower A will begin soon. We’ll be in touch when these can start being booked in.
We are currently preparing for buyers to begin their pre-settlement inspections. This is not far away now. We are so excited to take you through your new property so please check back in for more details soon!
Early April – Valuations for Tower B & C currently taking place
Early April – Valuations for Tower A
Early/mid April – Pre-settlement inspections
Late April – Preparation for calling for settlements to buyers (21 days to settle from calling of settlements)
We are nearing settlement, and it is now time to organise bank valuations through your lender/broker. This will then be attached to your pre-approval and switch to formal approval so you can be ready to settle on time.
It’s important you are in a position to settle when the units plan is registered and the settlements are called. Once the units plan is registered purchasers will have 21 days to settle, if you are not ready, you may incur unnecessary fees and charges or potential loss of your deposit.
We will be hosting valuers from 12pm 18th March 2024 and are starting with Towers B & C Only, with Tower A to follow soon after. Please contact your bank or broker if your apartment is in these towers (example “B803” or if your unit number is 79 and above in your contract). Please ensure you pass on Rhys’ details to your financier as the main contact to facilitate the inspection.
Rhys - 0401 242 772
Please note: when providing the address to your bank/broker please use your unit number and street address as per example below:
130/70 Efkarpidis Street, Gungahlin, ACT 2912
If you are looking to get the sound advice and the best rate and right home loan structure for your personal circumstance, speak with Matt Goodwin from Goodwin Home loans. He and his team specialise in off-plan loans and will do all the groundwork to ensure you are placed with the best mortgage that suits your situation in time for settlement.
Take a look at Sierra in all its glory! Recently unveiled with the scaffolding coming down. Can you see your apartment?
Glavcorp have arranged for the first round of defect inspections to take place in building C on their behalf so that they are perfect for you when you do your inspections. We expect to be booking those in for Building C in the next few weeks with the other buildings to follow. Not long to go now!
BASC, Glavcorp & The Property Collective have teamed up to offer purchasers of Sierra an elegant, modern and effective window treatment package for your new residence. Click the link below to see options, colours and pricing for your apartment!
Topping out at level 9 in October, this signalled the end to the time for our much-loved crane “Sir Lifts A Lot”. Since this milestone, the building progress continues to move along with the stripping of the scaffolding on Tower C and B, with Tower A to follow suit throughout December. The external façade of the buildings is looking great and the internal finishes are coming along nicely with kitchens joinery, paint work and in some apartments carpeting now laid. We know you are all excited to see your new apartment, but as we draw closer to completion, it’s important that you have all the information you need to settle on your property when the time comes. Below is important information you will need to know so you are ready to go with your exciting new apartment.
As we progress into the new year, another update will be given on important dates like bank valuation inspection days and pre-settlement buyer inspections, so stay tuned for updates in early 2024.
With the building tracking for estimated practical completion in March, now is the time to get started on getting your paperwork together and open the conversation up with your lender or broker.
If you are looking to get the solid advice and the best rate and right loan structure for your personal circumstance, speak with Matt Goodwin from Goodwin Home loans. He and his team specialise in off-plan loans and will do all the ground work to ensure you are placed with the best mortgage that suits your situation. Please note that bank valuations will not be able to be conducted until approx. March, we will notify you as soon as these dates can be booked.
The current rental market has been somewhat unsettled, with fluctuating vacancy rates it’s important that the search for a tenant starts early and due to our ‘early access strategy’ our Property Management team can work with you to secure a tenant prior to settlement. This unique approach to large scale projects protects rental values and minimise vacancy periods. With years of experience in managing projects, there is no better team to manage your investment. Over the coming weeks one of our investment specialists will be in contact to discuss our VIP Sierra management fees and our unique management approach to ensure you have a tenant lined up ready to move in on settlement day. In the meantime, if you would like to discuss this strategy please let us know.
Vantage Strata have been nominated as the strata manager for Sierra and are excited to be working with the owners. As we near completion more updates will be circulated addressing items such as the first AGM meeting date, Executive Community voting as well as building rules etc. Stay tuned for more information in the new year.
We are working closely with a local company to provide window furnishing packages and options will be provide soon. Stay tuned.
In conjunction with The Property Collective, BMT Tax Depreciation would like to offer you a reduced fee for a depreciation schedule for your Sierra apartment.
What is tax depreciation? Depreciation is the wear and tear of a building and the plant equipment items within it. The Australian Taxation Office allows property investors to claim this depreciation as a deduction to their annual tax return, meaning that they pay less tax. Research shows that approximately 80 per cent of property investors are not claiming the maximum depreciation they are entitled to, which can lead to thousands of dollars missed in tax depreciation. If you would like to take advantage of this special offer please reach out
DEC 2023: Submit documents to your lender to start the finance pre-approval process
JAN / FEB 2024: Finance pre-approval should be obtained
EARLY MARCH 2024: Bank Valuations/Pre-settlement inspections
LATE MARCH 2024: Formal finance approval and preparation for settlement
We're excited to share with you that we recently topped out at Sierra. You can now take a close look at how it has all come together. Click to watch the video update below.
Building progress continues to move along well at Sierra with a level being added to a tower every 2 weeks. It's exciting to see the main structure now really starting to take shape. Check out the most recent on site progress photos below.
We've have had a lot of excited buyers contact us wondering when to start sorting out finance for their property. We have put together some indicative timeframes and milestones so you're up to speed with what's happening and when to take action.
CHASE and GLAVCORP have provided the following estimated timeframes on progress milestones and action steps at Sierra. The timeframes are subject to change but don't worry, we’ll keep you updated as we go.
DEC 2023: Submit documents to your lender to start the finance pre-approval process
JAN / FEB 2024: Finance pre-approval should be obtained
MAR 2024: Certificate of Occupancy/Bank Valuations/Pre settlement inspections
APR 2024: Formal finance approval and preparation for settlement
If you haven’t driven past the Sierra site in the last couple of weeks, you’re going to be super happy with the below photos! Its always such a great time for us as agents and you as the buyer to be able to see a development come to life in the initial stages.
We know it is a big deal to commit to purchasing off-plan, so having a great team such as Glavcorp and Chase Constructions collaborating to deliver your new home or investment gives confidence for all.
We reached out to the build team for a quick quote:
“It’s been a busy few months at Sierra with exciting construction activity onsite. Earthworks have been completed and the structure is taking shape. Concrete pours continue forming each level in the building.”
Everything is pushing forward to plan and Chase to hand over the project in the 1st Quarter of 2024 as expected. Stay tuned for the next update.
We are very excited to announce that work has commenced on site.
This is a major milestone for the project. The site cut is now complete, and structural preparation has begun to enable the building to rise 9 storeys! Look out for the crane to be erected on site shortly.
We look forward to the progress over the coming year. We will keep you posted with further updates and great pics along the way!
We are excited to announce that the award-winning builder, Chase Construction, have been formally contracted to build Sierra.
Chase has a reputation for building some of the finest new developments in Canberra, and we are confident that Chase will deliver the best quality build for your property.
We are excited to see activity on the site in the coming weeks! We’ll keep you updated as site works progress.
We're into the final stages of builder selection and the DA is approved.
Everything is progressing well at Sierra, with a builder close to being finalised and all necessary building approvals being prepared and submitted.
If you have any questions, get in touch with your agent.
