BuildDirect Marketplace

Guide to Building a Home Through BuildDirect

A clear, step-by-step overview of what to expect throughout your complete building journey with our marketplace.

1.Learn & Prepare

BuildDirect explains homes, prices, process, and payments.

2.Speak to Finance

Confirm borrowing capacity before reserving.

3.Reserve Online

Pay initial reservation fees and provide your solicitor/conveyancer details.

4.Builder Contact

Builder contacts you to continue in person or digitally.

5.Exchange & Tender Signing

About 2 weeks after initial fees, you exchange the land contract, sign the plans and tender, and pay 5% toward the land and 5% toward the home. The building contract is NOT signed at this stage.

6.Approvals & Colour Selections

Approvals are submitted while you complete colour and design selections. Selections must be finished before the building contract can be prepared.

7.Building Contract & Proof of Funds

After approvals and selections, you sign the construction contract. Proof of funds or finance approval must be sighted before site start. Site start typically occurs 2–3 weeks after contract signing.

8.Construction Begins

Home is built in stages with inspections and progress payments. Single-storey homes average around 6 months, and double-storey homes around 8 months. Smaller homes may be completed sooner, while larger or more complex homes may take longer.

9.Handover

Receive keys and enjoy your new home. A maintenance period follows.

How Payments Work During Construction

Payments are made step-by-step as your home is built. Your bank releases funds after each inspected stage.

5% Deposit Structure

(Most Common)

Deposit5%
Base15%
Frame20%
Lock-Up25%
Fixing25%
Completion10%

10% Deposit Structure

Alternative Option

Deposit10%
Base15%
Frame20%
Lock-Up25%
Fixing20%
Completion10%

Please note: This is a general guide to the build process. The process may vary slightly between builders, however this provides a clear overall view of what to expect throughout your building journey.