What is a new house & land package and its key benefits

A new house and land package combines the purchase of land and the construction of a home into a single deal, typically with two contracts (one for land and one for the build). These properties are often purchased from developers of estate sites, which may hold a number of property sites, or known as lots.

These estates are predominately located in established or growing population regions and come with supporting infrastructure, such as roads, water, sewage, gas and / or electricity, plus networked connection for internet.

Developers and builders work with local councils and associated government agencies to ensure construction and estate compliances are in place. The key benefits of new house & land packages include:

Cost efficiency - bundling land and construction can be more affordable than buying separately.

Customisation - buyers can often choose from various designs and finishes, ensuring the home meets their preferences.

Modern living - new builds feature contemporary designs, energy-efficient materials, and the latest technology.

Lower maintenance - with everything brand new and under warranty, maintenance costs are minimal.

Tax advantages - investors can benefit from higher tax depreciation on new properties, enhancing their returns.

This combination of convenience, cost savings, and modern amenities makes house and land packages a popular choice for investors.

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