House and Land package: First home buyer guide
A house and land package is a great way to get into the property market, or to secure a new house. If you are a first time homeowner, or it’s your first time building a new home, a house and land package might be a good option for you.
With over 35 years experience as Sydney home builders, we have provided many house and land packages to happy first home buyers, helping people discover their ideal new home on a new block in their dream suburb.
Here’s our guide to choosing a house and land package that is right for you.
House and Land packages – what are they?
House and land packages are the simplest way for first home buyers to enter the property market. Rather than trying to find the perfect block for your house, or the right house for your land, everything is pre-prepared and ready to go, leaving you to focus on the design features or financing of your home.
Planning isn’t the only thing made easy when you purchase a house and land package. The financing of your home also becomes much simpler, which is an added bonus if it’s your first time navigating the mortgage and building finance process. Rather than organising costs for your land, and then costs for your home’s construction, everything comes bundled in one cost, easily covered by one loan application.
Government Subsidies and Homeowners Grant
As a first home buyer, you may be eligible for government subsidies and grants to help with the cost of building your new home. Since the start of 2023, there are six grants and incentives designed to help first home buyers in New South Wales. These are:
1) First Home Buyer Assistance Scheme
This scheme is designed to reduce the stamp duty charges for first time owners purchasing house and land packages, an existing home, or vacant land to build on.
2) First Homeowners Grant (New Home)
First time home buyers may be eligible for a $10,000 grant towards homes that are newly built, purchased off the plan or substantially renovated (including house and land packages).
3) Shared Equity Home Buyer Helper
This initiative is designed to help people get into a house with as little as a 2% deposit. The NSW Government will contribute a proportion of the purchase price in exchange for an equivalent interest in the property.
4) First Home Buyers Choice
This initiative gives eligible first home buyers the option of paying a smaller annual property tax, instead of stamp duty.
5) First Home Super Saver Scheme
This scheme by the Federal Government allows eligible first home buyers to use contributions made to their Super fund to put towards their loan amount.
6) The Home Guarantee Scheme
This scheme is also run by the Federal Government and designed to get 50,000 families a year out of the rent spiral and into their own homes sooner, with smaller home deposit amounts. Places are allocated for first home buyers, regional first home buyers and single parents buying their first home.
Take the time to check what first home owner grant options are applicable to you…
Whether you receive a full first home owner grant, or simply save money on your stamp duty, it’s important to see what options are available to you as a first home owner. The additional costs of buying your first home can quickly stack up, from legal fees to stamp duty, so government assistance can be a relief for many first home buyers.
Find your dream house and land package with New South Homes
A house and land package doesn’t mean forgoing your dream home, not when you have such a broad selection of modern, innovative and beautiful designs from New South Homes to choose from.
We have a wide range of house plans to match various land options in the most sought after Sydney suburbs. Contact us today to start finding your dream home in Sydney!
Get peace of mind as a new home buyer
As a first home buyer, the choice of which house to build or land packages to choose from can seem overwhelming. We are passionate about helping first home buyers navigate the home building process, and pride ourselves on our ability to communicate and make your journey simple.
We invite you to come to see our New South Homes workmanship and visit one of our Sydney display homes yourself. Coming to a display home allows you to walk around and see our quality finishes first hand.
Walking the building process with New South Homes will also mean you get to see your final chosen design digitally in the form of a 3D render before the building begins. You’ll also get access to our Sol Studio, where you can work with your interior designer to choose your colours, fixtures and fittings. We have a wide range of samples from all our suppliers, so you can visualise the choices you are making and have confidence in your final decision.
Home and land package options for first home buyers in Sydney
Real estate agents will be the first to tell you that location is everything. But with New South Homes, you don’t have to choose between the best location and your dream home. You can do both with a home and land package.
We have land packages in some of the most sought-after Sydney suburbs, and a wide range of award-winning home designs to choose from. Get the ideal block and your ideal house all in one easy process.
At New South Homes, we pride ourselves on our service and quality, and take the hard work out for first home buyers so you can enjoy the process.
Whether you are interested in looking at our home designs or the house and land packages we have on offer, contact us or come visit us at a Sydney display home today. We’d love to meet you and help you build your first home.
Have any questions? We might’ve already answered them in our top 7 questions on home designs & home plans guide.
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