Your home can be a lifestyle choice that’s better for the planet and better for you
Frequently asked questions
rethinking.space is part of the Legacy Property Group and was created to bring quality, affordable housing to the market… and we do things differently.
Our apartments are built with a focus on affordability and sustainability with targeted Homestar ratings and unique innovations that ensure a healthier, more sustainable home, we aren’t afraid to ‘rethink’ the status-quo. Each apartment building is provided with a fleet of electric vehicles for use by residents and we build in areas that are transport centred, allowing residents to reduce their reliance on car ownership and live a more eco-friendly lifestyle.
With space:1 already underway, and space:2 & space:3 gearing up, keep a keen eye out for what we do next!
Being new builds, you’ll only require a 10% deposit to purchase any of our apartments and we have a dedicated in-house sales team available to support you throughout the process. Once you’ve identified your ideal apartment, you begin with signing a Sales & Purchase Agreement which secures the apartment for an initial 10-day due diligence period. If you haven’t already, we would recommend you assemble your sidekicks – lawyer, mortgage broker/bank/finance advisor, partner, anyone else who might want to weigh in on the decision!
Now that you know you love everything on offer, the agreement becomes unconditional, and after a further 10 days the minimum 10% deposit is due. This is held in our solicitors’ secure trust account and you’ll receive the benefit of any interest accrued – and with each apartment at a fixed price, you can rest assured that there will be no increase in price during the build. From here, no more payments are required until settlement – Now to set a date for the housewarming!
The apartments are ‘freehold unit titles’, so a body corporate is necessary to manage the building maintenance and common areas, leaving you free to enjoy a quality of life that not all properties provide! The body corporate fees are an annual expense, are proportionate to the size of the apartment, and comparable to the cost of insurance and maintenance of an individual property.
Any apartment owner can become a member of the body corporate, allowing you to actively participate in decision making. To ensure everyone can delight in their lovely home, there is a body corporate manager from Property 101 who will have a regular presence on site to ensure the building and electric vehicles are well looked after.