Ever imagined buying your own land and turning your dream house into a reality? This seems to be a mission impossible in Hong Kong is actually very possible in Australia! The price for land is affordable for many regular families. buyers have the rights to free hold the land, giving the highest autonomy for property design and future development, making House & Land Package just as promising to investors and to users.
It seems too complicated and time consuming to build a house which involves planning approval, design, building permit, building and construction.
Apart from offering House & Land Package, Ray White also offers property management services, simplifying the steps for investors. We have lands all over Australia, including Sydney, Melbourne and Brisbane.
You can also share with us your preferences; our professional team will find the most suitable residential land for you.
"House & Land" package has better flexibility compared to other types of property. Builders normally provides 3 or more bedrooms design schemes for a land, ranging from single-storey, double-storey to French-style houses, with different interior design options such as larger kitchen or living room spaces. In addition, the "House & Land" package will come with a garden, a porch, and covered garage(s). Buyers can adjust the basic design provided by the construction company according to their personal preferences to create the most suitable detached house for themselves. Another advantage is that owners can demolish or even rebuild their original houses when they need larger spaces for newborn babies or living with the elderly, without land premium cost. That's why it is so popular in Australia with such flexibility.
The land's price keeps raising in the past few years as Australia government's strict requirements for new residential land approvals have resulted in scarce supply, while the demand is huge. According to the data from UDIA (The Urban Development Institute of Australia), the price per square meter of detached housing land in Melbourne has increased by 109% between 2013 and 2021*. Moreover, since the land is freehold, it can be passed from generation to generation. Overseas residents enjoy the same ownership as residents, and the ability to preserve value should not be underestimated. Since the land is normally purchased at the initial stage, buyers will only need to pay the stamp duty of the land. Which means it is a greatly reduces of the entry costs for both local and overseas buyers. Taking Melbourne as an example, the average house price of a detached house has risen to above 1 million Australian dollars last year*. With such a sharp increase in prices, buyers are still eager to buy, and they would camp all night and queued up to buy land for building a detached house despite the cold weather.
In Australia, there are typically five stages to build a house, and the costs associated with each stage vary. Prior to the start of construction, the builder must receive a security deposit of 5%
In Australia, there are typically five stages to build a house, and the costs associated with each stage vary. Prior to the start of construction, the builder must receive a security deposit of 5%