Price Lock Guarantee

Terms & conditions

Terms and Conditions - Price Lock Guarantee

1.1         Who is the Promoter of the Price Lock Guarantee?

Ausbuild Pty Ltd, ACN 142 375 184, QBSA License 021710 (Ausbuild).

1.2         What is the Price-Lock Guarantee?

(a)          The Price Lock Guarantee is a term of a HIA Building Contract* between Ausbuild and a purchaser of an Ausbuild Home and Land Package**. It fixes the cost of the Locked Price Items*** stipulated in a signed HIA Building Contract for a Home and Land Package, subject to these terms and conditions. 

(b)          The Price Lock Guarantee ensures that the Purchaser of an Ausbuild Home and Land Package is not exposed to unexpected cost increases relating to the Locked Price Items after signing the contract. Note, Excluded Items**** are not included in the Locked Price Items.

(c)          The cost to the Purchaser of the Locked Price Items will not increase between the date of the signed HIA Building Contract and the delivery of the house. Any industry price rises that occur during that period will be absorbed by Ausbuild and will not be passed on to the Purchaser.

*HIA Building Contract means a contract in the form recommended by the Housing Industry Association, with terms and conditions amended as the parties may agree in writing.

**Home and Land Package means a home and land package currently offered by Ausbuild – refer to www.ausbuild.com.au for full details.

***Locked Price Items means the items listed in 1.3 below.

****Excluded Items means the items listed in 1.6 below.

1.3         What are the Locked Price Items?

The Price Lock Guarantee includes the following Locked Price Items for a Home and Land Package set out in a signed HIA Building Contract:

(a)          the depicted façade for the Home and Land Package selected;

(b)          Ausbuild’s Everyday Living Standard Inclusions* for the selected Home and Land Package and included in the signed HIA Building Contract;

(c)          retaining walls and fencing associated with the land component of the selected Home and Land Package.

*Please speak to a Sales Consultant for a full list of the Everyday Living Standard Inclusions. See www.ausbuild.com.au/inclusions for further details of the Everyday Living Standard Inclusions and www.ausbuild.com.au for full details of the Home and Land Packages and sale conditions.

1.4         Is there a time limit?

The Price Lock Guarantee is not a promotion. It is a standard term of an Ausbuild Home and Land Package. There is no fixed start or end date to the Price Lock Guarantee.

1.5         Who qualifies for the Price Lock Guarantee?

The Price Lock Guarantee is given by Ausbuild to the purchasers of an Ausbuild Home and Land Package and applies to all Locked Price Items under a fully signed HIA Building Contract.

1.6         What is EXCLUDED from the Price Lock Guarantee?

The Price Lock Guarantee does not include the following, which are Excluded Items:

(a)          stamp duty, legal fees, professional or other costs incurred by the Purchaser;

(b)          a house that is built on Land Not Supplied By Ausbuild*;

(c)          a change in the price of a Home and Land Package as a result of the following:

(i)           any upgrades from the Everyday Living Standard Inclusions to Ausbuild’s Everyday Living Upgrades Inclusions** required by the Purchaser after the HIA Building Contract is signed;

(ii)          any delay in the progress of the construction of the house caused by an act or omission, action or at the request of the Purchaser or its representatives;

(d)          any other Excluded Items as defined and identified in the HIA Building Contract;

(e)          any prime cost allowances*** or provisional sum allowances**** specified in the HIA Building Contract.

*Land Not Supplied By Ausbuild is subject to any relevant additional land developer terms and conditions.

**Please speak to a Sales Consultant for a full list of Everyday Living Upgrades Inclusions. See www.ausbuild.com.au/inclusions for further details of the Everyday Living Upgrades Inclusions.

****A prime cost allowance means an allowance in the HIA Building Contract for the supply of necessary items not yet finally selected (a prime cost item), such as fixtures and fittings, that the Purchaser is to select after the HIA Building Contract is signed and may include tiles or special kitchen and bathroom items.

*****A provisional sum allowance means an allowance in the HIA Building Contract for work included in the construction of the house that Ausbuild cannot give a definitive price for at the time the HIA Building Contract is signed and may include excavation, concrete footings and rock removal.

1.7         Brochures and pamphlets

All images and illustrations in marketing material are to be used as a guide only and may represent non-standard or upgrade options that are not included in the Home and Land Package price. Photographs in brochures may sometimes depict fixtures, finishes and features not supplied by Ausbuild. Accordingly, any prices printed in brochures do not include the supply of any of those items not listed in the Everyday Living Standard Inclusions. Refer to www.ausbuild.com.au/inclusions for further details of the Everyday Living Standard Inclusions.

1.8         Other terms and conditions

Ausbuild's Terms and Conditions apply. Refer to www.ausbuild.com.au/terms for full details of the terms and conditions for Home and Land Packages.

You must not rely on the statements or conduct of Ausbuild representatives as a waiver or amendment of the Price Lock Guarantee terms and conditions or of any other Ausbuild terms and conditions at www.ausbuild.com.au/terms. They may only be amended by an authorised member of Ausbuild’s management.

Ausbuild may vary, terminate or suspend the operation of the Price Lock Guarantee at its absolute discretion without notice at any time, but such variation, termination or suspension will never affect a signed HIA Building Contract.