What is a House and Land Package

Experience the perfect blend of comfort and  investment with Mojo's Duplex home designs, where you can live in one unit while generating income from the other. Elephant Advisory is an accounting and mortgage broking firm based in Melbourne, with a successful history of helping our clients achieve their goals. With a little help from us, you'll be prepared to make the right decisions for your business or property journey, avoiding many of the potential mistakes along the way.
Mortgage brokers can make recommendations about home loan products that may suit your objectives, financial situation and needs. A home loan or mortgage is used to finance a home or investment property. Home loans are usually 'secured' against the property you're buying. That means the lender can sell the property to cover the loan amount if the borrower can't repay the loan. House and Land Package Loans Australia Refinancing your home loan means switching your loan to a different product or lender, or increasing your loan size.

Before you even purchase your land, you will know the full cost of your works, and be able to take this information to the bank. Your chosen house and land package will help the bank to offer you a loan, without any hidden surprises. You need not worry that you’ll be left with unfinished lawns, unpaved driveways, or other extra expenses that you hadn’t counted on. Generally, the funds for your house build will  be ‘drawn down’ over the course of the build. Not only does this protect the lender, it also means that you do not begin paying interest on the entirety of the loan until your build is complete. Depending on your lender, you will generally be issued invoices for each portion of the build, which will then be passed on to your lender, and paid by them, directly to your builder or contractor.
The good news is that it’s not really any harder to obtain financing for a house and land package than it is to take out an ordinary home loan. These types of loans are offered by banks and non-bank lenders across Australia, with most people choosing to bundle an ordinary mortgage and a construction loan together with the same provider. House and land packages combine home and land loans into one package to provide an easy and affordable way to find the best property to suit your needs. Through this process, the buyer secures both a block of land and then the construction of their home in two contracts but one streamlined process. For Australia buyers, this reveals the combined price of home and land from the outset. Securing finance for house and land packages requires understanding the unique lending structure involved.
Our experienced team of mortgage brokers can provide you with the right advice and guidance to ensure that you make the right decisions when it comes to house and land packages. We would be more than happy to provide you with the assistance you need to make the right decision. When you purchase a Home Group house and land package, sorting the finance of your home is simpler than ever before with an in-house team of experts in our finance division. With a range of standard, low or no deposit home loan options on house and land packages, Home Group is the one-stop-shop for all new home buyers. First home buyers can make their dream of home ownership a reality with the guidance of our finance team to best utilise the First Home Owners Grant and other first home buyer incentives. Buying a house is an exciting step in life and a big financial decision.

This is generally considered safer than the standard package because it eliminates the possibility of builders increasing the budget during construction due to initial underquoting of their work. For many Australians, the dream of owning a brand-new home is made easier through house and land packages. When buying a house and land package, costs such as stamp duty and registration fees are not included in the price. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10. Construction loans are set up a little differently to typical home loans. These draw-down amounts are fixed when you apply for a loan, so you will need to supply fully costed construction plans to the lender before your loan will be approved.
Whether you choose a project home or a custom build will also make a difference to the cost. There are a number of factors that impact the cost of building a house. Our Construction Loan checklist (PDF)disclaimer also helps you know what documents you’ll need, and when to send them to organise payment. So if you're buying a piece of vacant land, the size, location and quality of the land matters. Builders will work through various stages, including site preparation, laying the foundation, framing, roofing, and final finishes.
Reputable developers are more likely to deliver on promises, ensuring quality construction and meeting projected timelines. Researching the developer’s previous projects and customer reviews can offer valuable insights. When comparing turnkey and design and build packages, cost, convenience, and potential return on investment play key roles. Turnkey packages often come at a higher upfront price but offer immediate convenience and are ready for occupation or rental right away. Looking for green homes house and land packages that combine sustainability, affordability, and modern design? Our energy-efficient house and land packages across NSW, QLD, and WA are designed to help you build a smarter home while reducing your long-term living costs.

The Australian Government 5% Deposit Scheme helps first home buyers and single parents get into the market sooner with a smaller deposit. A portion of every settled home loan builds homes for families in the Philippines. Megan Birot is a Finance Writer and Head of PR at Money with over a decade of industry experience. She keeps her finger on the pulse of financial trends, providing journalists and media with data, insights, and news that help Australians navigate complex topics and concepts. She's certified in Finance & Mortgage Broking and is compliant to provide general advice in Tier 1 General Insurance.
Firstly, being able to build a home exactly how you want it is a big attraction. If you buy an existing home, you are buying a home built by someone else for their family. Sitting down and choosing the layout of your new home, the fittings and fixtures, even how big the yard is, can be worth the wait.

Depending on the value of the build, there are a number  of different contract terms and conditions that need to be addressed to ensure your house and land approval occurs smoothly. Our review process will give you the confidence to finalise the build contract, progress the payment schedule and meet the lenders insurance requirements to get you ready for approval. “Research tells us that people worry about hidden costs and extra fees that can creep in, like council and developer fees. With house and land packages there is one fixed cost, so you know what you have to pay and what you will get for that price,” says Luke.
“They can be confident that experts have carefully considered the best design and floor plan to suit the size of the block, its aspect, location and orientation. In this way, the home can be designed to maximise space and natural light. There’s no need to search for the right floor plan or to seek design approvals, as these are already secured.
The comparison rate on a home loan is designed to more accurately reflect the total cost of the loan per year, including interest and most fees. Lenders and mortgage brokers must advertise the comparison rate alongside a loan's interest rate. If you’re switching lenders to get a better deal, the new lender will treat your application much like they would if you were buying a property for the first time.

The estimate might be different if payment type is interest only or if a different interest rate discount applies. All applications for credit are subject to ANZ credit approval criteria. ANZ does not store the  information you provided to generate this document.