North east

A house and land package is a type of property purchase where you buy a piece of land and a new home is built on it.

House and land packages are usually offered in master-planned new estates that have been specifically designed to create new communities.

Seek advice from professionals and ask questions to ensure you’re making an informed decision.

One of the main benefits is that you can customize the design of your home to suit your needs and preferences. Additionally, stamp duty on house and land packages only applies to the land, whereas you would have to pay stamp duty on the entire purchase price of an existing home.

The cost of a house and land package can vary depending on factors such as the location and size of the home.

There are a variety of finance options available for house and land packages, including construction loans and home loans. To learn more, read about finance here. 

The process for buying a house and land package involves selecting a block of land, choosing a home design, and entering into a contract with the builder.

Buyers will need to engage a conveyancer or solicitor for legal due-diligence to ensure all regulatory and council requirements are being met. We have strong relationships with many solicitors. 

For in-depth information regarding the legal requirements, you can read Commerce WA’s outline. 

Yes, most builders will allow you to make changes to the home design to suit your needs and preferences

Here are the differences between buying a house and land package and buying an existing home:

House and Land Package:

• You buy a piece of land and a new home is built on it.
• You can customize the design of your home to suit your needs and preferences.
• Stamp duty on house and land packages only applies to the land, whereas you would have to pay stamp duty on the entire purchase price of an existing home.
• You can lock in labour, land and construction costs.
• It may be cheaper compared to buying an existing house.
• You have to settle a little fee or an initial payment on the property when you construct your own.

Existing Home:

• You buy a home that has already been built and lived in.
• You may have to compromise on the design and layout of the home.
• You will have to pay stamp duty on the entire purchase price of the home.
• The cost of the home may be higher due to the current market conditions.
• You may have to spend additional money on renovations or repairs to make the home suit your needs and preferences.