Could investing more and partying less be the new trend amongst Western Australia’s new set of twenty-somethings? Statistics from Mortgage Choice show the number of homeowners 30 and below has increased 60 per cent since 2008, with almost 50 per cent of the WA’s first-homebuyers now aged 30 or under. The data also showed one out of five homebuyers was 25 years old or younger.

Experts say that a new trend is brewing within “Generation Z”, or young people living with their parents, which is to save up and skip the rental phase to buy a home straight away.

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.

When you need advice about buying a house for the first time, everyone will tell you that you have to consider your budget, mortgages, and everything that has to do with the financial aspect of buying a house. But you’ll also have to think about the place itself and determine whether or not the place is perfect for you.

In searching for a brand new home, you’ll have to expect that not everything about these pre-built homes may fulfill every part of your need. You can make it suit your personality by initiating a couple of changes later on. You don’t have to look for a house that will match your idea of a perfect home, because the truth is there isn’t one until you make the needed changes to make it so.

The journey of a thousand miles begins with a single step. In building a house from the ground up, the single most critical step is finding a builder. There is much you need to consider, given that they will be part of the building process every step of the way until completion.

Qualifications

The builder you're looking for will have been in the business for a considerable number of years. They will have the proper licenses and secure the necessary permits. They will have appropriate experience and, if possible, a portfolio of their work to aid in your scrutiny.

According to The Universal Declaration of Human Rights drafted by the United Nations, every person has the right to own property. The Western Australian government highly values this right, which is why they offer a substantial grant to all residents who are about to purchase their first home.

The WA government offers a grant of up to $10,000 to those who are having their new home built (a $3,000 grant is available to those purchasing an existing home). Furthermore, those who purchase vacant land along with the home may be eligible for an exemption from stamp duty.

Are you eligible for this grant? Find out by asking yourself these questions: