How House and Land Packages Work

What is a House and Land Package?

A house and land package allows you to purchase land and construction of a new home in a single transaction. You are buying a house that has not been built yet.

Key Benefits

Stamp Duty Savings - In Victoria, you may pay little to no stamp duty on the building component, only on the land value
Fixed Price - Your total cost is locked in, protecting you from price increases during construction
Customization - Choose finishes, fixtures, and optional upgrades before construction begins
Brand New Home - Everything is new with builder's warranty and modern energy efficiency
No Renovation Costs - Move straight in without needing repairs or updates

The Process

1. Contract Signing Sign land and building contracts, pay 10% deposit of total package price

2. Title Registration 2 months for title to be registered and transferred to you. Full purchase price of the land is required at this stage

3. Construction Begins Builder starts work once title is settled

4. Progress Payments Pay building contract in stages as construction progresses

5. Final Settlement Move in once construction is complete (12 months from start)

Payment Structure

10% deposit of total package price at contract signing
Remaining land balance at title settlement (Week 8)
Building contract payments:
- 20% at slab stage
- 20% at frame stage
- 20% at lock-up stage
- 30% at completion

Important Considerations

You'll need construction loan approval, not just standard home loan
Full land payment required before construction begins
Title must be registered and transferred before building starts
You can't move in until construction is complete
Builder's warranty covers structural defects for 6-10 years