House and land packages are a popular choice amongst homebuyers, as they are a relatively affordable housing option within communities that offer a great lifestyle.
In this blog, we explain the reasons why you should be considering a house and land package for your first or next home.
What is a house and land package?
When you secure a block of land and the construction of your home together, you have a house and land package. These packages involve two contracts of sale - one transaction for the land and one for the house.
House and land packages are created by choosing a home design that is a great match for the block proportions and frontage. They should also take into consideration any development design guidelines.
The benefits of house and land packages
- First Home Buyer Grants
If you are a first homebuyer building a home you plan to move into, you’ll likely be eligible for a tax-free government grant. In WA the grant is currently $10,000. If you'd like to find out if you're eligible, our FREE First Homebuyer Finance Guide is a great place to start.
- Stamp Duty Savings
A key benefit of house and land packages is you only pay stamp duty on the land. Plus, as a first homebuyer you may be eligible for stamp duty concessions!
- Design flexibility
Got your eye on some gorgeous gold tapware? Or loving the matte black look? You can negotiate inclusions and alterations to your chosen package. Just remember some changes will affect the overall purchase price.
- Cost clarity
Financing can feel easier with a house and land package as you know most of your costs upfront.
- More space, inside and out
House and land packages typically have a larger overall footprint than apartments and townhouses. So if you’re picturing a large home plus a big veggie patch, play equipment and plenty of grass for furry family members, a house and land package could be ideal.
There’s nothing quite like the feeling of building a home that’s designed just for you. At Eglinton Village, you’ll find a range of modern house & land packages from some of Perth’s leading builders. These single storey homes are all located within a short walk of the future primary school, future parks, and the future Eglinton Train Station.
Ready to turn your dream home into a reality? Browse the options here.