Home
and land packages are deals widely popular in Australia that offer
the homebuyer the chance to own both house and land. Some of these
packages, according to the Commonwealth Bank of Australia, start off
as land released by the government, which in turn is acquired by
property developers. After infrastructure has been laid down, the
properties are then marketed as home and land packages.
A
homebuyer can either choose between an off-the-plan package, in which
a customised home design of your choice will be built on the selected
block of land, and the more common deal which involves buying a new
pre-built home on the land. It is important to note that the various
home and land packages will have considerable differences in quality,
workmanship and financing. Either way, the new home must pass the
minimum standards set by the state and local authorities.
