House & Land Packages Perth

A house and land package in Perth is a great way to save money on a home. This is because new owners will only have to pay stamp duty on the land’s value.

Additionally, the costs associated with a house and land package are clear, which helps individuals to create and adhere to a budget. If you would like to find out what you can afford, visit our home finance calculator and one of our specialists will get back to you with more information.

Your home should enhance your lifestyle, not detract from it. With a house and land package, you get to be involved from the very beginning in selecting a design that not only meets all your needs, but your wants too.

House and land packages in Perth offer individuals the option to fully customise their home. Whether you’re interested in a Hampton style house or Mid-Century home, need space for a large family or looking for a low maintenance lifestyle, a house and land package can be suited to your needs and personality.

When it comes to building and designing a house from the ground up, the timeframe to build will vary depending on the home you choose to build. With house and land package in Perth, you can easily choose from our range of design options and then begin the building process much quicker.

When it comes to designing the right home for a block of land, there are a lot of factors to consider. Particularly in terms of orientation and positioning on the block. With a house and land package, this process is simplified as the house plan has been designed to suit the block.

In Australian states and territories there is a scheme called the First Home Owners Grant. Under this government initiative, eligible first home buyers are treated to a number of concessions when buying a new property or parcel of land. Add: A one-off payment of up to $10,000 for eligible applications could be paid out by the WA State Government.

As a brand new build, investors stand to benefit across a number of key facets when purchasing a house and land package in Perth. Firstly, a new home means there is a level of warranty should there be any problems.

Secondly, new homes are more attractive to potential renters and therefore command a higher rent.

Finally, as new properties depreciate faster than other dwellings, investors can claim the maximum depreciation allowance when it’s time to file a tax return.

According to the WA State Government, first home buyers don’t pay stamp duty up to the dutiable value of $430,000. If the dutiable value is between $450,000 and $600,00, first homeowners pay a discounted rate of $ 15.01 for every $100, or part of $100, by which it exceeds $450,000.

When purchasing a house and land package, you may need to take out two loans.

The first is a mortgage on the land where payment begins once settlement is reached. The second is a construction loan to build the house. Under a construction loan, the lending institution will pay the builder when certain construction milestones are reached, and the mortgage is paid in increments.

In contrast, when financing a fixed-price turnkey home, buyers take out one loan and are usually required to pay a 20% deposit. The remainder of the price is required in full at the end of the construction when the house is handed over to the buyer.

When purchasing a house and land package in Perth, individuals may be required to pay stamp duty. In the majority of cases, individuals will only need to pay stamp duty calculated on the land’s value. For example, if a dutiable value is between $360,001 and $725,000, a general rate of duty is payable. In this example, it is $11,115 + $4.75 per $100 or part thereof above $360,000 as specified by the WA State Government.

It’s worth noting however that some individuals may be eligible for a stamp duty concession if the land value is between $301,000 and $400,000. According to the WA State Government, no stamp duty is paid for the first homeowner if the dutiable value does not exceed $450,000. The First Home Owner Grant of up to $10,000 payment from the West Australian State Government is also available for first home buyers.

A Perth house and land package is a smart investment decision. Renters are more often than not looking for new homes. For investors, this means that there is high demand and low supply, which can increase rental prices.

Additionally, as the property is new, there will be little to no maintenance which makes the investment relatively stress-free. It’s also worth noting that over the last decade, the WA property market has remained stable, providing investors’ with confidence.

To learn more about investing in new-built properties in WA, check out our comprehensive property investment guide.

When it comes to financing the purchase of a house and land package, individuals will need to provide a deposit. Typically, the land loan deposit in Perth is 10% and the deposit for the construction loan is an additional 5%.

House and Land packages are a popular option in Australia for people who want to build a new home. These packages involve purchasing a block of land and selecting a home design that suits your lifestyle.

There are many advantages of purchasing a house and land package, for example, they can offer a simplified, streamlined process for building a new home. You can choose from a range of home designs and customise it with different inclusions to find a design that suits your needs and budget. Additionally, many house and land packages come with fixed-price contracts, which can provide certainty about the total cost of the build project. To learn the range of benefits and to fully understand potential drawbacks read our house and land package guide.