House and land packages in Australia

You need to understand what your budget is (including how much of a deposit you have and how much you can borrow). So then when you are looking at packages, you know exactly what options fit within your budget and the builder or land developer can show you what is available. You can choose between a variable rate home loan or a fixed rate mortgage. Mortgage terms in Australia range up to 30 years, though some lenders are now offering 40-year home loans.
We are first-time builders, and the whole process on paper looked daunting. With plenty of research and a good understanding of everything involved in the process, you can decide if a house and land package is the right choice for you. ‍New house and land packages may lack established landscaping and vegetation, which can impact their visual appeal. Be prepared that you might need to invest time and resources into landscaping and gardening to create a more attractive outdoor space. ‍While on paper, builders should complete new homes within a specified Best Mortgage Broker Australia timeframe, the reality is that construction delays can and do occur. Whether it’s due to adverse weather conditions, material shortages, or unforeseen issues, delays can cause you frustration and inconvenience.

A construction loan is paid out in stages, where you progressively draw down on the loan throughout the construction process. With a construction loan, you’ll only pay interest on the portion you draw down during construction and on the full loan amount when the build is complete. We can design your home floor plans based on your land size, including narrow lots, and include all the design elements to suit your lifestyle. Deposit requirements vary but we do work with lenders who offer low and no deposit finance options. If you’re an investor, remember that you will be without tenants for the duration of the build and will be responsible for all interest repayments on the loan which will have you negative gearing for some time. Many investors prefer the ready built turnkey method as they avoid this aspect.
If you’d like to see what options may be available for your situation, our Sydney mortgage brokers at Unconditional Finance can help you compare policies and guide you through the next steps. Most states offer first-home buyer grants or stamp duty concessions for new builds. Eligibility varies by price cap, property type and residency conditions. You can review official details through your state revenue office or on First Home Buyers for scheme-related information. Because settlement can take one to three years, property values, interest rates and lending standards may change. Lenders assess your financial position at the time of final approval, not the day you signed the contract.
Our tables feature all home loans available from lenders on our database that match the search criteria selected. Partner lenders with loans marked as ‘sponsored’ may pay a commission to Money.com.au if you click to visit their website.  While we make every effort to ensure all home loans available in Australia are shown in our comparison tables, we do not guarantee that all products are included. Jared Mullane is a finance writer with more than a decade of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).

We do a lot of house and land package loans for our clients here at Mortgage World Australia, so this is a great question and one we can certainly shed some light on. Before building a house, you should consider how you’re going to finance the build. There are two types of loans that could help you finance building a house.
Nestled in the heart of the Southern Highlands, Mittagong is the ideal place for those seeking a lifestyle of tranquillity and style. Mojo's Acreage home designs blend modern aesthetics with spacious living. Each design maximizes natural light and outdoor views, creating a seamless connection between indoor comfort and the beauty of nature.
Each of these points influences both your long-term costs and how lenders interpret the contract. If you need to move in quickly, an existing home usually suits you better. If you prefer time to plan and prepare, a new build might feel more manageable. As interest rates, lending rules and cost-of-living assessments may shift, ongoing check-ins help you stay prepared for settlement. We help track what may affect credit policy so you are never caught off guard. If your income, employment or liabilities change between contract signing and settlement, final approval may be affected.

If your dream is to buy a new home that you can design and build from scratch, a house and land package may be for you. Buying a house and land package will be one of the biggest life decisions you make. We’re here to help you sail through the process from start to finish. This article explains what a house and land package is, how it works, and why it’s such a great way to buy your first or next home.
We’re proud to present a collection of environmentally safe house & land plots specifically designed to meet the needs of conscious living individuals. Our mission is to build socially, environmentally, and financially responsible house & land opportunities, ensuring a healthier and greener future for Australian families. Another benefit is that new house and land packages are often built with sustainable materials. As the construction industry becomes more and more environmentally conscious, so do the houses that are built.

Selecting an ideal location within your price range requires careful consideration of council restrictions and future development potential. Research local council regulations thoroughly, as some areas have specific building requirements or heritage overlays that could affect your construction plans. Budgeting for these extras is crucial, as they can significantly impact your total project cost. Some lenders may accommodate these costs within your loan facility, while others may require separate financing arrangements. Lenders will assess your capacity to service both the construction loan and final mortgage. They'll also evaluate your builder's credentials and the project's feasibility within council regulations and local development restrictions.
For example, some homebuilders will include the driveway, fencing, and landscaping while others may not. For this reason, it’s essential to clarify the inclusions and exclusions in the house and land package prior to committing to the build. If this is your first time considering a house and land package, there are a few key questions you should ask to ensure you’re making the right decision for your first home or investment property. House and land packages offer a more streamlined option for buyers and investors.
They’re designed to deliver fantastic quality and value while also delivering everything you’re looking for in a single, easy-to-manage purchase. Many home buyers still choose to get into the market the way our parents did – signing up for a new house and land package. While some buyers prefer a standard layout, others may want the option to modify floor plans or choose specific finishes. This flexibility can be beneficial for those who want a custom feel without the higher costs of a fully bespoke home. Maintenance costs are typically lower with new builds, especially in the early years, because new materials and modern construction techniques are generally more durable and energy-efficient.

Without it, you're exposed to policy changes or serviceability tightening between signing the contract and settling the land. The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Pre-approval is based on income, liabilities, credit history and living expenses. For new builds, lenders may require updated verification closer to settlement. Some lenders may also require additional buffers for long-dated contracts. While not common, some builders may become unable to complete the project.