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asking for more than 5% deposit is illegal in Victoria, and many lenders/valuers make builders change their schedule if it difers from the one set out in the HIA legislation. It doesnt stop the big builders having 'standard' contracts that are front loaded so they get most of their money in the...

Really? You had a lender put their money down first, and then you paid the remainder? Id say there must be another explanation (perhaps you were lending against the equity already in the property rather than your deposit etc). Banks always want the clients money first, in every...

5% deposit 15% base 25% frame 25% lock up 20% fixing 10% completion Unfortunately even when you have the percentages your equation wont work as you cant be sure how long each of the 5 stages takes. Usually the first 3 go up in a couple of months, the final two fixing and completion...