House & Land Packages Queensland

Yes it is generally cheaper to buy a house and land package as you only pay stamp duty on the land component not the construction costs

The deposit amount will depend on your personal financial situation but assume that you will need a minimum of 5% for a home to live in and 10% for an investment property and this is a % of the total cost.

The benefits of a house and land package is that you only pay stamp duty on the land plus if you use a good quality builder like Dwyer Quality Homes and get a package through Dwyer Property Investments, you can often have a choice of plan options and colours.

An important thing to know is that a house and land package is still in fact 2 contracts which is confusing as some would think that a package is one contract. There is a contract to purchase the land for a certain price and another contract with the builder for the construction and the total of those 2 contracts is the package price.

The process can seem complicated but at Dwyer Property Investments we make it easy. Generally you will pay a small deposit on the land contract and another deposit to the builder. When both contracts are signed they go to your broker or lender for financial approval. Once finance has been approved the land settles in your name and the builder will start construction.

Different developers or builders include different items in their packages that’s why it’s important to check exactly what has been included. At Dwyer Property Investments we ensure that everything is included so there are no extra costs at the end which buyers have not budgeted for. Unless specifically asked for, many house and land packages do not include everything required to make the house ready for a tenant.

The term turn key is often used for a house and land package which basically means that it is ready to be lived in. This however does not always mean that it is ready to rent out and there are often items left out like Dishwashers, window furnishings etc.