How to start the process of purchasing a house and land package?

Classic-Hip-Roof-3-Materials-Single-Storey

Buying a house and land package can be both an exciting and daunting process for first home
buyers. While the process itself is relatively straightforward, it is a little different to purchasing a ready-
made (or preowned) home.

For the most part, house and land packages are generally offered by developers. Developers purchase parcels of land that might have previously been farmland in outer suburb areas and then go through the process of turning them into thriving communities, with all the great services and amenities you might expect from a more established suburb.

The first thing you need to ask yourself when starting the process of purchasing a house and land package is whether or not that would be a location you’d ultimately like to live in. You should take into consideration the distance from your workplace, as well as nearby schools for your family or future family. New subdivisions would have all of the amenities that you would need, as it is the job of the developer to create a vibrant suburb and community.

Land vs House and Land
When looking at house and land packages in VIC or ACT, the first question you’ll be faced with is whether to buy the land and construct a home on it or simply buy a completed house. There are benefits to both.

If you buy a completed house, you are able to move in straight away and start to enjoy the advantages of living in your own home sooner. On the flip side, if you aren’t a first home buyer, you will likely be forced to pay stamp duty on the entire property. By purchasing the land and then constructing the house, you only pay stamp duty on the land component, which will make it considerably cheaper. However, you also get to build the exact home that you want to live in – which is often the major appeal of purchasing a house and land package.

When buying the land only, you also might be eligible to put down only a 5% deposit, whereas by buying the ready-made home, that deposit could be 10%. The exact deposit and financing structure will be different depending on the project and of course, you can always obtain your own financing through a mortgage broker.

Building Your Home
The idea of building your own home is often why the process feels daunting to first home buyers – but it doesn’t need to be.
You can even visit the land development site to look at the display homes in order to get a feel for the community and the homes. As a custom home builder in Melbourne and Canberra, Achieve Homes offers a wide range of house and land packages for you to choose from. We can guide you through the selection process to ensure that you find a package that suits you, your lifestyle and budget.

We also offer various home designs for you to choose from, so you can take your pick at whatever tickles your fancy. If that’s not for you, we also provide knockdown rebuild as well as quote and build services.

Contact us today at sales@achievehomes.com.au.

Related Items

+

Federal Government Announces First Home Super Saver Scheme

+

Things to Think About When Designing Your Floor Plan

+

4 Things You Need to Know About Home Loans

REQUEST A CALLBACK

  • Emma & Alex / Googong

    Our valued customers, Emma & Alex just moved into their brand new home in Googong, NSW. Check out what they had to say about their...
    Read more
  • Kerri / Googong

    Check out what our lovely client, Kerri had to say about why she decided to build a new home in Googong instead of buying an...
    Read more
  • TANIA & DANIEL / SCULLIN

    We recently checked in with our valued clients, Tania & Daniel, at their brand new home in Scullin, ACT. Take a listen to what they...
    Read more
  • Kate / Holt

    We recently caught up with our valued client, Kate, at her brand new home in Holt, ACT. Take a look at what she had to...
    Read more
  • Anita & Ram / Throsby

    Anita & Ram have just moved into their new home in Throsby, ACT. We popped in to see how they're finding their brand new home.
    Read more
  • Tristan / Googong

    Tristan just moved into his new home in Googong, NSW. We dropped in to see how he's finding the new home.
    Read more

LATEST NEWS

Are display homes the best way to invest in property?

When it comes to showcasing our skills, our craft, and what we have to offer in general, to influence the buying decisions of potential clients,...

Read More

Renting vs Buying a New House in Canberra

Getting to choose between renting vs buying a house in Canberra can be a tough decision. While both are good and seem to be excellent...

Read More

How To Get A Home Loan As An Investor

Australian residential property continues to be one of the strongest performing asset classes for investors. Over the last 25 years, house prices in Australia have...

Read More

Our Awards

  • HIA ACT & SOUTHERN NSW REGION AFFORDABLE HOME

  • JUDGES RECOMMENDATION FOR WORK HEALTH & SAFETY

  • HIA ACT & SOUTHERN NSW TOWNHOUSE/VILLA DEVELOPMENT OF THE YEAR – LAWSON

  • HIA (ACT) AFFORDABLE HOUSING

  • HIA (ACT) PROFESSIONAL MEDIUM BUILDER/RENOVATOR

  • MBA (ACT) PROJECT HOMES – LESS THAN $300,000

Achieve Homes is a home building company that has become one of the most trusted builders in the industry operating in Canberra, surrounding NSW region and Melbourne. We have been operating since 2008 and understand what our customers want.

Keep in touch

Contact

Address
15/9 Beaconsfield Street
Fyshwick, ACT 2609

9/20 Graduate Road
Bundoora, VIC 3083

Phone
1300 234 432

ABN 31 137 872 014
ACT BL No 2009645
NSW BL No 224797C
VIC ABN 41 608 214 375
VIC BL No CDB-U 61982

© 2019 Achieve Homes All Rights Reserved | Site Created By 23 Creative