No-nonsense house and land package buying guide

November 20, 2019

Are you considering investing in a house and land package?

The entire process of acquiring a house and land package can seem overwhelming at first glance. But the truth is that it’s not as complicated as you may think. Use this straightforward, no-nonsense guide to learn everything you need to about how to purchase your own house and land package.


The first thing you need to do is find the land where your new home will be built! This can be broken down into 7 easy-to-follow steps:

1. Find the right location

There is no right answer to this step. After all, you need to find a spot that reflects who you are, where you want to be, and what type of amenities you’d like your property to have. Remember to factor in lot size, maintenance concerns, proximity to cities and infrastructures. Additionally, please note that in many cases, the location you choose will influence which builders you’ll work with to construct your home.

2. Put down a deposit

Deposit amounts may vary, but you’ll typically need at least $1,000 to remove a property listing from the market. The next step is to add to the hold, the balance of the deposit for 10% of the purchase price, which includes Goods and Services Tax (GST).

3. Get your documents in order

Conveyancing is critical to ensure the smooth transfer of a property from the developer to your lenders. For this process, ensure that you’re getting the proper legal consultation to fully understand the process and any related costs.

4. Get your financing in order

Speaking of costs, your next step is to set up your loan. Work with the professionals to make sure you’re paying all fees such as the Stamp Duty and taking advantages of all incentives, such as the First Home Owner’s Grant.

5. Draw up the contracts

Now is the time to meet with your Solicitor or Conveyancer to arrange your sales contract. Please note that this process may take several days. You’ll need to pay the full balance of the 10% deposit at this point as well.

6. Complete the settlement

Once the Land and Property Management Authority registers your property, you need to settle the purchase. This involves paying the total balance due on the settlement. You’ll work with your Conveyancer or Solicitor to confirm the transfer of funds from your lending agent to the developer.

7. Let the construction commence!

Here’s the exciting part – it’s time to get started with the home design and construction! The builder should handle the submission of plans to the Council for approval. From there, it’s time to enjoy watching your dream home become a reality.


Here’s what your home construction process will typically look like (in 6 more simple steps):

1. Lock in your home design

The best part about contemporary home construction is the truly amazing range of options at your disposal. You should prioritise your essential home components. You can then weigh those essentials against their costs to determine the perfect mix of design features that meet your budget.

2. Secure your home financing

Home financing is a different component than your land financing. You’ll usually work with your builder who will create a New Home Agreement to submit to the lender. Depending on your circumstances, you may need to put a deposit down at this stage.

3. Draw Up a Home Building Agreement Contract

After you accept your New Home Tender, an actual Home Building Agreement Contract will be created. This is a thorough document which provides everything you need to know about the process – the design, costs, terms, and more. Again, you may need to put a deposit down to draw up this contract as well.

4. Submit Your Building Approvals to Council

All the official approvals will now be submitted to the Council. In most cases, your builders will handle the mechanics of this process. However, you may need to take steps to confirm that everything has been settled and all the finances are where they need to be.

5. Let the construction begin

Now comes the exciting part – watching your home get built! You’ll usually work with a Supervisor or other Developer Representative who will keep you updated on the progress. Please remember that you should only visit the construction site with an approved Developer Representative.

6. Collect Your Keys – Welcome Home

Once all the construction is finished and all the payments have been made, you’ll receive your Occupation Certificate. Congratulations! You’re now the proud owner of your own brand new home to enjoy with your family for years to come.