Home · How buying works
How buying works
A fixed price and a 5% deposit on every home, plus a $10,000 Deposit Boost on qualifying off-plan homes. Here is how buying a Source Group home works, from your first enquiry to the day you get the keys.
The essentials
Clear terms, set out up front
5% deposit
A 5% deposit secures your home when you sign. The balance is paid at settlement, when the home is finished.
$10,000 Deposit Boost
On qualifying off-plan homes, we credit $10,000 to you at settlement. Your lender may count it toward your deposit. Conditions apply.
Fixed price
The price in your agreement is the price you pay. It is fixed in the contract and does not move during the build.
10-year builder guarantee
Every Source Group home is covered by a 10-year builder guarantee. Real protection on the biggest purchase you’ll make.
Monthly updates
Comprehensive progress updates every month, so you always know exactly where your home is up to.
Move-in ready
European Bosch kitchen appliances, air conditioning and full landscaping. Finished and handed over, ready to live in.
Step by step
From first enquiry to the day you get the keys
Buying a completed home? The build is already done, so you can go from signing to settlement as soon as your lawyer and lender are ready.
Enquire and view
Talk to the team, see the plans and pricing, and visit the showhome or a completed home.
Sign and secure
Your lawyer reviews the fixed-price sale and purchase agreement. A 5% deposit secures your home.
We build
We run the build from foundation to final coat and send you a progress update every month.
Inspect
Before settlement you walk through your finished home with us.
Settle and move in
The balance is paid, your Deposit Boost is credited if your home qualifies, and the keys are yours.
Common questions
How much deposit do I need?
A 5% deposit secures any Source Group home. Your bank will have its own deposit requirements for your home loan, so talk to your lender or mortgage adviser early.
What is the $10,000 Deposit Boost?
It is a $10,000 contribution from Source Group on qualifying off-plan homes, which are homes bought before they are built. It applies at Merani Court, Mokoia Residences, Avalon Heights and Diana Rise, and not to every home. The full conditions are set out below. Where it applies, it is written into your sale and purchase agreement and credited to you at settlement. The purchase price in your agreement does not change.
Some lenders will count it toward your deposit and some will not, so ask your lender or mortgage adviser how they treat it. It does not reduce the 5% deposit paid when you sign. Conditions apply, and the terms in your sale and purchase agreement are the ones that count.
Can the price change after I sign?
No. Our contracts fix the price, so the price you sign is the price you pay.
Can I use my KiwiSaver?
Many first-home buyers put a KiwiSaver first-home withdrawal toward their purchase. Whether you can, and when the money can be released, depends on your scheme and your situation, so check with your KiwiSaver provider and your lawyer before you sign.
What is included in the home?
Every home is handed over finished: European Bosch kitchen appliances, air conditioning, landscaping, your own freehold title and a 10-year builder guarantee. Each development page lists what is included in that home.
How will I know how the build is going?
You receive a comprehensive update every month showing where your home is up to, from unconditional through to settlement.
I am buying as an investment. What should I know?
Many of our buyers are investors. Every home is new, Healthy Homes compliant and low maintenance, with a fixed price, a 5% deposit and a 10-year builder guarantee. Ask us about expected rents for any development.
This page is a general guide and is not financial or legal advice. Get your own independent advice before you buy. See our disclaimer.
$10,000 Deposit Boost conditions
The Deposit Boost is a $10,000 contribution from Source Group toward your purchase of a qualifying home. These are the conditions.
- Qualifying homes. The Deposit Boost applies to homes bought off the plans, before the home is built, at Merani Court (Belmont), Mokoia Residences (Chatswood), Avalon Heights (Glenfield) and Diana Rise (Glenfield). It does not apply to completed homes, or to any other development unless we confirm it in writing.
- It must be in your agreement. The Deposit Boost applies only where it is written into your signed sale and purchase agreement. If this page and your agreement differ, your agreement applies.
- Credited at settlement. The $10,000 is credited to you when you settle your purchase. It is not paid out before settlement and cannot be taken as cash.
- The price does not change. The purchase price in your agreement stays the same.
- Your 5% deposit is still payable. The Deposit Boost does not reduce the 5% deposit you pay when you sign.
- One per home. One Deposit Boost applies to each qualifying home. It cannot be transferred to another person or another home.
- If the purchase does not settle. If the agreement is cancelled or does not settle, no Deposit Boost is payable.
- Your lender decides how to treat it. Some lenders count the Deposit Boost toward your deposit and some do not. Tell your lender or mortgage adviser about it, and ask how they treat it before you rely on it.
- The offer can change. We may change or withdraw the Deposit Boost at any time for new agreements. If it is already written into your signed agreement, it stays.
This is a general summary and is not financial or legal advice. Talk to your lawyer and your lender before you sign.
Google reviews
What buyers say about Source Group
5.0
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★★★★★
Hamish and Michayla remained available throughout the buying process and post the sale. It has made the first few months of ownership much easier and my overall experience is one of the highest satisfaction. I would recommend Source Group without hesitation.
Scott MarraGoogle review, 2026
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★★★★★
We had an outstanding experience purchasing our home from Source Group. From the very first open home through to settlement, the entire process was smooth, professional and incredibly well managed.
A special mention to Michayla, who was exceptional throughout. She was always approachable, patient and more than willing to answer all of our questions, no matter how small. Her support made a huge difference and gave us real confidence every step of the way.
The quality of the home and the finishes are truly second to none. You can clearly see the level of care and attention that has gone into every detail. It’s evident that Source Group genuinely cares about delivering a high-quality, comfortable and liveable homes.
We love our new home and would happily recommend this developer to anyone going through the same journey.
Laura PerezGoogle review, 2026
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★★★★★
Hamish & Michayla went out of their way to make my purchase @ Taratoa Terraces a great seamless experience, never had this level of service before when buying a new property. The communication & updates were fantastic right from the start. The finish in the townhouses, is to a very high standard & any problems & there were none or questions I had, were answered in quick & efficient manner. Would highly recommend to anyone wanting to deal with Source group.👍
Martin StephensGoogle review, 2026
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★★★★★
I LOVE MY NEW HOUSE!! Hamish and Michayla have been amazing through the whole process in purchasing my new home. The finish, appliances, garden….everything is awesome. I couldn’t be happier 😊
Eve CurzonGoogle review, 2026
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★★★★★
Hamish and the team have been amazing to deal with. Quick communication and always went the extra mile. The quality of the home is great and even the small details have been thought of. Would highly recommend source group
Rebecca LashGoogle review, 2025
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★★★★★
Source Group have been amazing start to finish with our brand new home. Hamish has a wealth of knowledge and has provided guidance each step along the way, as well as accomodating all of our requests. What can be quite a daunting experience has been hassle free and so easy. Thanks again Hamish!
K JGoogle review, 2025
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★★★★★
Hamish and his team were great to work with when we bought our unit off the plans from him. The communication was fantastic with regular progress updates on the build. When our place was finished it exceeded our expectations. We would highly recommend Source Group.
Jody LaneGoogle review, 2023
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★★★★★
We purchased our property off the plans and have been very impressed with Source Group, especially while navigating the implications of covid. We always received regular updates with photos and detailed info. Build was completed to a high standard. Hamish, Rebecca and team always happy to answer any questions we had. Highly recommended!
Stacey WilliamsGoogle review, 2023
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★★★★★
Hamish and the rest of the team at Source Group have been phenomenal to work with. Since purchasing our home off of the plans, we were provided regular, informative updates as to its progress. All promises were delivered on and then some, we are blown away with the quality of our finished home. There were multiple improvements that were made which we did not expect nor ask for, all at no extra charge. Very impressed with the service, and very glad that we went with Source Group.
Oliver HutchinsonGoogle review, 2022
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