How does a House and Land Package work | A simple guide

For many Melbourne residents, a house and land package offers an appealing and practical route to homeownership. Whether you're a first-home buyer, upgrader, downsizer, or investor, this type of property purchase simplifies the process by combining land and home construction into one neat package.

What is a House and Land Package?

A house and land package bundles together the purchase of land with the construction of your home. This typically means choosing a lot in a newly developed or suburban area and selecting a pre-designed or custom home to be built on that lot. The key benefit is the streamlined process. When you purchase a house and land package in Wollert with us, you'll only need to manage two connected transactions, conveniently bundled together. You’ll sign one contract with Cedar Woods for the land and another with your builder for the house.

Why buy a House and Land Package

Clarity on costs
Building a home on your own can often lead to unforeseen costs. However, with a house and land package, you know the full cost upfront, which helps with securing finance and planning your budget effectively.

Stamp Duty Savings
In Victoria, you’ll only pay stamp duty on the land, not the house, which can be a significant saving compared to buying an established property where stamp duty is calculated on the total purchase price.

Attractive for Investors
House and land packages are also a solid investment option. New homes typically come with warranties, reducing maintenance costs, and are more appealing to renters compared to older properties.

Greater flexibility in design
Although house and land packages come with standard designs, they often offer flexibility for personalisation, particularly when selecting finishes and fittings for your new home. This allows you to create a space that reflects your tastes without the complexity of designing a home from scratch.

Things to consider when choosing a House and Land Package 

Lot size and shape
The size and shape of the lot will influence the style of home that can be built and how much outdoor space you'll have. Developments often offer a variety of lot sizes, so whether you’re looking for a low-maintenance yard or more space for the family, you’ll find an option to suit your needs.

Frontage
The width of the lot (or frontage) affects the design of your home. It will impact the garage size and overall look of your property. Think about what kind of design works best for your lifestyle, especially when it comes to parking space and garden size.

Proximity to amenities
When choosing a location for your house and land package, proximity to schools, transport, parks, and other amenities is crucial. Whether you're looking for a bustling suburban neighbourhood or a quieter, family-friendly area, make sure the community fits your lifestyle.

Budget
House and land packages cater to different budgets, and developers offer a variety of options to suit first-home buyers through to more seasoned investors.

Explore available land options at Mason Quarter, Wollert

How House and Land Packages are sold

When buying a house and land package, you'll sign two contracts: one for the land and another for the build with your chosen builder. It’s essential to consider your budget and timeline, as payment structures can vary, with land settlement occurring first and the build payments following.

The building process

After securing your land, construction will take place in stages. buyers can expect the following key steps:

• Site preparation: Clearing and surveying the land.

• Slab down: Plumbing work and pouring the foundation.

• Framing and roofing: Completing the framework and roof structure.

• Lock-up stage: Windows and doors are installed, securing the property.

• Fit-out: Finalising internal features like kitchens, bathrooms, and fixtures.

• Practical completion: A final inspection to ensure everything is in order.

• Move-in: Once everything is complete, you get the keys to your new home.

Final thoughts

A house and land package offers a stress-free, cost-effective approach to building a new home. With clarity on costs, stamp duty savings, and the flexibility to choose from various home designs, it’s no wonder why this option is gaining popularity. If you're considering making Wollert your home, explore the range of house and land packages available to find the perfect fit for your needs.

Disclaimer: The information used in this provided is indicative only and may not represent the final detail or accurately represent personal circumstances of each person. The author and website gives no warranty concerning the accuracy of the material or information displayed. Prospective buyers should make their own enquiries and rely on their own investigations and independent advice