Frequently Asked Questions

What is the address?

Somerset Rise is located at 38-58 Somerset Avenue Narellan NSW 2567.

when is construction scheduled to start?

Construction is nearing completion on the first two buildings. Construction is underway on the remaining three apartment buildings at Somerset Rise.

what is the expected completion date?

We envisage completion of Stage 1 late October early November 2021.

For the second and third stages of Somerset Rise, construction is scheduled to finish in the second quarter of 2022.

Construction completion timeframes are also subject to the impact of restrictions recently placed on the construction industry during the COVID 19 lockdown. The dates above are subject to change as a result and this information will be updated regularly.

is there a display unit?

Yes, we are excited to share with you our display office located at
The Exchange, 1 Elyard Street, Narellan NSW 2567
Opening times are 10am – 4pm Tuesday to Saturday or by appointment.

Are there any strata levies?

Yes, there are strata levies. The exact amount depends on which apartment you choose to buy. Levies have been kept as low as possible through careful design. Please enquire with the sales office as to likely strata levy amounts.

how do i secure a property?

Get in touch with our sales office to arrange an appointment. To reserve an apartment, an initial non-refundable deposit of $1,000 will need to be paid.

is my deposit secure in the event the builder fails to complete the project?
what is the deposit required upon exchange of contracts?
can i use a deposit bond?

Yes a deposit bond can be used provided that it meets the terms of the contract.

when do i exchange contracts?

Once your deposit has been receipted, the Vendor’s solicitor will issue your legal representative with a Contract of Sale. Once you have reviewed the contract and are satisfied with it, you should exchange contracts.

Contracts should be exchanged unconditionally within 14 business days of your initial holding deposit being paid and contract being issued. Your deposit (minus the initial deposit) will be required to accompany your authorised Contract of Sale.

Please note:
Once the 14 business days is exceeded and contracts HAVE NOT been unconditionally exchanged, your non-refundable holding deposit may be void and the property may go back on the market and be available to other buyers.

first home owners grant scheme and first home buyers stamp duty relief

You can apply for NSW first home buyer schemes through the Revenue NSW. There are two forms you need to complete, and you can lodge them with the help of your solicitor or conveyancer after you have exchanged contracts with the property seller.
You can only lodge an application with Revenue NSW once you are registered on the property title.
For more information you may find the following link helpful:
https://www.nsw.gov.au/living-nsw/housing-and-property/first-home-buyer-grant-and-assistance

how can i make an appointment to see the plans and obtain more information?

Please contact Jenni Mitchell on 0439 763 605 or

life@somersetrise.com.au

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