One of the main attractions of investing in a house and land package is the ability to customise. This means that, should you like a specific floorplan, it can be customised to suit one of four stylish elevation options ranging from Hamptons and Mid-Century to Federation and Contemporary. Cashback offers may be provided by some lenders and may only be available for particular products, terms and conditions apply. Most lenders won't link an offset account during construction while the loan is still drawing down.
We calculate that the amount displayed is the difference between amount that Construction Loans Australia you pay on rent each week and the expected repayment rate of owning your own home. Calculations are meant as estimates only and it is advised that you consult with a Licensed Mortgage Broker about your specific circumstances. Often, the perfect fit—whether it’s the coastal vibe of Alkimos or the family community of Byford—might be in a suburb you hadn’t initially considered. South of the river, Piara Waters, Anketell, Hilbert and Wellard are popular with families and young professionals alike. These areas offer excellent schools, local shopping centres, and easy access to public transport, making them a smart choice for those seeking a balanced lifestyle.
Again, there’s some risk involved, especially if there’s a downward shift in market values. If you’re planning on buying land in a new estate, you probably want to feel certain that you can borrow the balance when it’s time to settle. Tossing up between a house and land package and becoming an owner-builder? If you’re considering our Standard Variable home loan, you may be able to access a further discount off the index rate than shown above, depending on your situation. This is because the rate discount you can access for this home loan depends on your Loan to Value Ratio (LVR) and other financial circumstances.
You’ll borrow a set amount from a lender for the land purchase, which you’ll repay with interest over a fixed term through regular repayments. "You will usually need a 10% land loan deposit and a 5% deposit for the construction loan when building your home. With ready built turnkey properties, you may only need a 5% deposit." We make it easier for you to buy your dream home by offering personalized loan options that save you time and money.
If you have signed a contract to buy a house subject to finance, most lenders will prioritise your application to meet the timing of the finance clause (typically 14 days). There are several potential costs to factor in if you refinance your home loan. You’ll have most of the same costs as you did when you got your loan initially (e.g. establishment fee and valuation fee), as well as a discharge fee charged by your old lender.
You have two contracts – one with the land developer, and the other with the builder. The great thing is, you only have one mortgage because the finance terms for both the land and the home is included in the land contract. When you settle on the land you use the land portion of the loan, and then like a normal building loan you draw down on the build portion in stages as you need it. Mortgage brokers are not authorised by Money Pty Ltd's Australian Credit Licence and operate under their own Australian Credit Licence, or as a credit representative of another Australian Credit Licensee.
Tell us your land cost and build contract value and we'll confirm your borrowing capacity and which lenders best suit your build scenario. Tell us your land cost and build contract value and we'll confirm your borrowing capacity and which lenders best suit your build. A house and land package is a great way to enter the property market.
You will then pre-select the design of your home from a selection of options. This streamlined process often results in cost savings, more straightforward financing options and a more streamlined process overall. During construction, you'll only pay interest on the amount drawn down from your loan facility. This feature helps manage cash flow during the building phase, as you're not paying interest on the full loan amount until construction is complete. Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan.
These results should not be considered as financial advice or a recommendation to buy or sell any financial product. By using this calculator, you acknowledge and agree to the terms set out in this disclaimer. For more detailed information, please review our full terms and conditions on the website.
Satterley WA State Sales Manager Tony McEntee said house and land packages vary depending on the size of the lot and budget. “A buyer will have contracts for both land and construction because they are purchasing from two separate entities,” said Richard Rhydderch, Stockland’s General Manager – Residential Communities NSW. Find key definitions, explanations and information about government support for first homebuyers in our First Homebuyer Finance Guide. Once you receive practical completion and the property is habitable, you can refinance to another lender if a lower rate or different loan features suit you. This situation is not uncommon in changing markets, particularly for longer off-the-plan contracts.
As always when considering buying a house, confirming your budget and finding a design that is the best possible fit with the money you can afford to spend is critical. You should understand your borrowing capacity before you begin to discuss the building options you have available. Depending on your circumstances, you may be eligible for government grants designed to stimulate economic or construction activity.
Many Australian states and territories offer incentives and grants to first home buyers purchasing new properties, including house and land packages. As the name suggests, a house and land package means you get to buy both your house and a piece of land in a single transaction, rather than having to coordinate these purchases separately. And it’s true that there are many benefits to opting for a house and land package, whether it’s your first home purchase or you’re seeking a change.
This makes the entire process easier, from the purchase of your land to the completion of your home. If you’re a first-time buyer or new to the concept, we’ve put together this expert guide to explain what a house and land package is, how it works, and what to expect during the build. House and land packages can be a great option for a variety of clients, but particularly for first-time home buyers, first-time builders, and investors. One of the benefits of buying a house and land package is the flexibility to customise your home design to suit your style preferences and lifestyle needs.
Another advantage is the opportunity to buy off-market properties through exclusive access, which is often available in specific house and land packages. Off-market properties are not publicly listed, so they tend to attract less competition. Accessing these properties can give buyers a unique edge, especially in competitive markets. Design and build packages, while slightly more involved, allow buyers to make a unique mark on their new property and may increase the property’s value through custom features. This option can be advantageous for long-term investors looking to differentiate their property within a competitive real estate market. Turnkey packages are designed to be completely ready when the keys are handed over.
Ultimate Buying Guide To House And Land Packages In 2026
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