What Is A House And Land Package?
A house and land package is where a Developer or Builder sells both the House and Land together as a package.
House and Land Packages are quite common in new estates where the Developer or Builder is trying to attract interest with potential Buyers.
Choosing a Developer or Builder that is reputable, will normally reduce the risk of frustrations and Building Problems.
Like all Property Purchases, it is a good idea not to just fall in love with the house, but to be aware of what is around you.
Things like, how close you will be to Neighbours, Shops, Schools, Transportation, etc …
Make sure that you are also aware of any easements on the property and how they could affect you.
Many Australian States have “First Home Owner” Schemes in place that give grants and Stamp Duty Concessions to Buyers that are purchasing their first home, which can be very helpful. This applies only to people who are buying the property to live in and not Property Investors.
Getting a brand new house and land package in a brand new estate however, may not always be good as an investment. It can depend on the location of the land and the number of other similar developments that are close by. If there is still a lot of vacant land around the property it can sometimes take a few years for the value of the House and Land to exceed what you paid for it.
There are lots of good books for learning how Property Investment works which can help you to learn and to start you on your journey to property investment success!