The Australian dream has always been to own your own home close to the city but with rising house prices and new developments offering an amazing range of house and land packages, that dream is changing shape. Now, you can buy new — and when you buy new, there are more options available.
With lower price points and developer incentives such as 5 per cent home deposits (half the usual amount required), house and land packages are an affordable option. This is particularly true for first-time buyers, as they can access the First Home Owner Grant — something which is only available when buying new.
When you buy a house and land package, you’re not just choosing a land size, you’re also selecting from a range of floorplans. This is the perfect opportunity to pick a home with a floorplan which suits your needs — The Grove in Victoria has a variety of builders contracted who offer as many as 15 different homes and floorplans. You can further customise your home by upgrading the fittings and fixtures if your budget allows for it.
One of the best things about buying new? You won’t have to spend tonnes of money on renovating old and tired spaces or hurt your back trying to retile the kitchen backsplash yourself. Everything is new, so you can be sure you won’t need to perform any maintenance on your home for years to come. And remember: in the rare case a problem arises, your new home is covered under warranty.
There’s no doubt about it, you have a higher chance of securing a house and land package than you do successfully bidding on an established house in the inner-city. The new developments often have hundreds, if not thousands, of homes incorporated into the masterplan so there’s plenty to go around.
Image: Habitat on Davis Creek
An increasing number of developers are building masterplanned communities to achieve certification by Green Star — an internationally recognised sustainability rating system. This means the neighbourhood has to meet strict guidelines surrounding governance, liveability, economic prosperity, environment, and innovation.
The homes themselves will also be designed to meet strict sustainability and energy efficiency targets. Keep an eye out for house and land packages which include PV panels with battery backups, greywater systems and energy efficient appliances. All these elements contribute to lower bills and add value to your home.
Sound good to you? Head to our search page to see the latest listings for house and land packages around Australia.
Hero image: Life, Point Cook