Buying a House and Land Package in Melbourne – What Does Officer Have to Offer?
So, you’re thinking of buying a house and land package – but what does that entail, and what are the benefits? This guide will tell you all that and more, so keep reading to find out if a house and land package in Officer, Victoria is the right choice for you.
What Should You Know About House and Land Packages?
Ready to find out if a house and land package is for you? Even if you’re not new to buying real estate, there’s still a lot to learn about what exactly a house and land package is.
When you buy a house, you have several options: you could buy an established property, or buy land and then build, or buy a house and land package, where the house and land come as a package deal – the house designs you choose from will already designed for compatibility with the land.
But what’s the process for buying a house and land package? Well, when you choose a house and land package, you will be working with a developer and a builder, usually, and the house and land will be organised by separate contracts, dealing with the house and the land separately. This means you will usually settle on the land initially, then finalise your contract with the builder while the house is being built, usually with a deposit and then paying in instalments.
What Are The Benefits of Buying a House and Land Package?
You might be wondering – if a house and land package is a package deal, then why are there two contracts involved? Well, this is because you’re dealing with the developer and the builder separately, as they manage the land and the building separately. The land is settled on first, and then the building contract is settled separately.
Compatability With the Land
The ‘package’ in a house and land package refers to the fact that the house design and the land are bundled together with compatability in mind. Instead of buying land first and then wasting time and money getting a builder to test the land for soil issues and other incompatibilities. All the hard work has been done already – which is what makes a house and land package so appealing to those who want to save time during the building process.
First Home Owner’s Grant
The First Home Owner’s Grant is for – you guessed it – first home owners. It is a benefit that is supposed to help with the costs of buying your first home, and in the state of Victoria it is available to those buying homes under a $750,000, and you can receive up to $10,000. How can you say no to that?
To read more about the first home owner’s grant, see the State Revenue of Victoria website.
Tax Depreciation and Stamp Duty
Stamp Duty is a land transfer tax that you pay when land transfers ownership from one person to another. The great thing is, when you buy a house and land package, you are only paying stamp duty on the land, as the house hasn’t been built yet.
When you buy an established property, this would be much higher, so you’re saving money. How easy is that! To calculate stamp duty, use the calculator on the State Revenue of Victoria website here.
Important Questions To Ask Your Builder
How Long Will It Take To Build?
Depending on the builder, the contract will outline the time period it will take to build your new home. There will usually be a sunset clause which ensures you can back out of the contract should the building process take longer than expected. Make sur to have your contract looked over by a legal professional and see if there is a sunset clause included.
How Customisable Are The Designs?
When you buy a house and land package, there will usually be several different designs of houses to choose from that have already been designed for compatability with the land. However, display homes or designs you look at might have different finishes or furnishings to the design you’re offered; check with your builder to see what is modifiable in the floor plan and what choices you have before you sign the contract.
Officer Is Booming With Potential For House and Land Package Buyers – Don’t Miss Out!
So, you think you want to buy a house and land package. The next question to ask is, “where?”
To be honest, Melbourne has a lot of great, developing suburbs for prospective buyers to choose from. You might already have in mind where you want to settle down, or have heard about Officer and want to know more about it. So, keep reading – here’s all you need to know about the booming Melbourne suburb of Officer.
But first let’s cover the basics; Officer, Victoria is a suburb in Melbourne, about 47km south-east of the CBD. Officer is part of the Shire of Cardinia, and has a population of 7,133, with an average age of 27, according to the 2016 Census. Officer is classified as a ‘satellite suburb’, because while it is close to a larger city it operates mostly independently of the larger city and has its own centre.
51.4% of Officer families are a couple with children, followed by couples without children, followed by one-parent families. Over 87% of dwellings in Officer are a separate house, with 11.9% of dwellings made up by semi-detached properties like townhouses. It is a popular area for families, with 82.7% of houses being family households and 52.5% of people being married.
Now that you know some of the basics, here’s what you really want to know about Officer. Keep reading to find out what Officer can offer you.
Huge Developments and Expansion In The Works
Officer is experiencing a huge amount of growth lately, with lots of people moving to the suburb and snatching up house and land packages in the new residential areas that are popping up. To keep up with this, the council is already planning new schools and shops and other amenities.
It’s a great time to move to Officer and set up your family with a house and land package, as the suburb will only continue to improve over time. There is a new precinct structure plan for Officer and also a Town Centre Urban Design Framework in place. This Framework includes a range of supermarkets, shops, offices, cafes and restaurants, community facilities, public areas, and parks. If you want to read the Urban Design Framework FAQs, read the file here.
There’s A Diverse Range of Schools To Suit Everyone
Officer has a lot of great schools for you to send your kids, with great reputations. Officer Primary School , St Clare’s Primary School , and St Brigid’s Primary School, are all popular schools for primary years students in Officer.
For secondary schools, Heritage College has a secondary campus for year 7-12 and a primary campus that, in 2018, will include early learning up to year six. The school has also had recent developments with a new science block and a new four-classroom primary school building. Berwick Grammar School is an all-boys option, and Minaret College is an independent school and the first Islamic School in the south-east region of Melbourne. Another popular option is Officer Secondary College.
Officer also has a specialist school for students with special needs aged between 5 and 18 years of age. See here for more information.
Retail and Recreation
Officer has a variety of sporting facilities, including two AFL sports grounds which also include Cricket facilities. Officer also boasts the Australian Rules ROC Football Club, which competes in the Mornington Peninsula Nepean Football League.
The major shopping centre in Officer is the Arena Shopping Centre. It has a Woolworths, BWS, Reject Shop, and Australia Post, with several health and fitness, homewares, and beauty and fashion stores. There is a range of food options at the centre, including Subway, McDonalds, and more. The mall also includes a Medical Centre, Radiology, Skin Cancer Clinic, Physiotherapy, Chemist, and Dermatology Clinic.
For a bistro by the lake, boardwalk café, sports bar, and kids playroom, see Club Officer, which is a newly built and very popular venue.
Access to NBN
Since Officer is a newly developed area, it has the benefit of access in areas to the National Broadband Network – meaning you’ll have better internet access and a super-fast connection.
Officer is undergoing huge amounts of change and growth – if you want a suburb that has lots of potential for families, choose Officer for your new house and land package.
Want To Find Out More?
It’s a lot of information to process; but luckily, we’re here to help. Call us today to talk to a professional and get the lowdown on house and land packages in Officer.
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