Don’t Miss Out: Invest in a House and Land Package in the Fast-Growing Suburb of Point Cook, Melbourne
If you’re looking for a house and land package, consider Point Cook; the expanding Melbourne suburb has become a popular spot for new home buyers who want a new, safe, and friendly place to live.
Situated on the west coast of Melbourne’s Port Phillip Bay, Point Cook is a great suburb to invest in a brand-new house and land package. But what is a house and land package, and what does it offer you as a homebuyer to buy a house and land package in Point Cook, Victoria?
What Does A House and Land Package Involve?
You may be wondering: “what is a house and land package, exactly?”
A house and land package involves two contracts in one package – one each for the land and house. this involves settling the land contract with the developer and then paying a deposit to the house builder.
You will generally pay off the rest of the house in terms agreed upon with the builder, usually in instalments throughout the building period.
It’s not as confusing as it might sound! A house and land package is often quicker and easier than trying to buy land and build separately. The package deal ensures the houses you can pick from will suit the block.
Read on to find out more about what house and land packages in Point Cook can offer you.
Why Buying A House and Land Package Can Be A Great Option
As it turns out, there’s a growing trend in buying house and land packages in Point Cook, Victoria. Not only are you eligible for benefits like stamp duty and tax depreciation, the house and land packages in Point Cook are modern and appealing for Melbourne buyers who want more choice and the advantages that come with buying new rather than established.
As if that’s not enough, as house and land prices increase, most people who are buying today are seeing the market value of their property increase while they build.
Melbourne building approvals from the Australian Bureau of Statistics show that “the trend estimate for private sector houses approved rose 1.0% in July and has risen for five months.” This means the demand for house and land packages is rising, and it’s easy to see why.
There Are Financial Benefits
Good news for those looking to save some money; when you buy a house and land package in Point Cook, you can get stamp duty benefits. In Victoria, you will usually have to pay stamp duty on a new house as part of a land transfer tax. But here’s the deal; when you buy a house and land package, you only need to pay stamp duty on the land, as the land and house have separate contracts.
Obviously, stamp duty for both the house and land would be respectively higher. To calculate stamp duty, use the calculator on the State Revenue of Victoria website here.
If you’re buying your first home in Melbourne, you can receive up to $10,000 with the First Home Owner’s Grant, for homes valued under $750,000. To read more about the first home owner’s grant, see the State Revenue of Victoria website.
Not only that, but the tax depreciation benefits of a house and land package are also a great benefit. You can claim tax on depreciable assets like fixtures, fittings, and even some of the construction, rates, and interest payments.
These benefits are highest the newer the property, so a house and land package is great for your savings.
You Have More Flexibility and Choices
While you might have to compromise on some features when you buy an established property, you can customise and include what you want in a house and land package, providing the builder can accommodate your needs and your budget; so make sure to check what they can and cannot do for you in your contract.
You can choose a design that fits your lifestyle and family, that you’re truly satisfied with; not just settling for second best.
It’s Brand New, Which Means Lower Maintenance
Think about it; established properties might require renovations, maintenance, or alterations, which all adds to the cost of purchasing a property. You can waste a lot of time, money, and resources trying to bring an established home up to your standards.
On the other hand, a new home will maintain its worth for longer. Since your new home will have brand-new fixtures, fittings, and materials, you’ll barely need to lift a finger before moving in, and you can rest easy without the hassle of renovations.
For those who want a modern home with the best the market currently has to offer, it’s better to buy new. If you’re a first home buyer and want to start fresh with a home that you can really call your own, a house and land package is for you. If you’re looking to invest, then tenants will also be more drawn to new fixtures and fittings of a brand-new house.
As the building industry learns new and better ways to build, newer houses are often built with better, more environmentally friendly fittings and materials than older homes, and the latest in designs and surfaces. Simply stated, when you buy a new house and land package, you’re getting the latest in design and industry knowledge.
Why You Should Buy in Point Cook
For families and professionals wanting to build or buy a new home, consider the quiet, verdant suburb of Point Cook in Melbourne’s west.
The suburb is growing fast, with lots of development over the past few years; according to the Australian Bureau of Statistics, in 2011 the population was 33,362, and by 2015 had grown to 47,207 people.
Point Cook is approximately 25km south-west of the Melbourne CBD and is one of the fastest growing statistical area levels in Australia.
The suburb is multicultural and diverse; as at 2011, almost half the population were born overseas, mostly in south-east and central Asia (16%), and north-west Europe (6.3%).
A Mix of Quiet Country and Modern Urban Life
The suburb remains largely untouched in areas, making some streets feel like brand new and others feel like you’re driving along the restful, rural countryside.
It still has a lot of open, green space in the outer areas, but in the more populated areas is developing better facilities every day to suit the growing population.
Road infrastructure and Public Transport
Point Cook is accessible by the Princess Freeway via Point Cook Road, Forsyth Road and Palmers Road. It takes approximately 30 minutes by car to reach Melbourne city from Point Cook. Public transport includes the train and bus, both of which give you access to greater Melbourne and the inner city.
You Can Relax Down By The Water
Even better, the suburb lies alongside the western shore of Port Phillip Bay, making it a breeze to get down to the water at the Point Cook Coastal Park Pier or sit and watch the waves at Campbells Cove beach.
The Point Cook Coastal Park and Cheetham Wetlands are highly rated by locals and visitors, and there are great facilities and playgrounds.
The Point Cooke Marine Sanctuary is a great attraction, and along with the wetlands and park surrounding it, it is a protected site. This is due to the migratory birds that visit the area. The beaches and rocky reef of the sanctuary has heaps of beautiful sea life.
It’s Great For Your Families’ Health and Safety
The nearest hospital is the Werribee Mercy Hospital. This public hospital has lots of great facilities: emergency services, rehabilitation, postnatal physiotherapy, a nursery, aged care services, maternity services, allied health, mental health, gynaecology, and paediatrics.
Other nearby health centres include: Point Cook Medical Centre, Point Cook Speech Pathology, InnerCare Family Health Clinic, Boardwalk Health Medical and Skin Centre,The Women’s Clinic, and many more.
The suburb highly values the safety of its residents, and you can even join the Point Cook community neighbourhood watch page on Facebook here.
It’s Home to the RAAF
Point Cook, Melbourne, is the birthplace of the RAAF (Royal Australian Airforce) and houses the RAAF Base Williams and the RAAF Museum, where you can visit for free to get a tour and see interactive flying displays and other exhibitions.
There’s Lots of Schools To Choose From
If you’re looking to relocate or start your family in Point Cook, good news – there’s heaps of primary and secondary schools in the area.
Primary Schools include Point Cook College (Prep – Year 9), Stella Maris Catholic Primary School, Lumen Christi Catholic Primary School, and Carranballac College (Prep – Year 9).
If you’re looking for secondary schools, there is the Point Cook Senior Secondary College, Sanctuary Lakes Secondary College, and Emmanuel College.
The closest universities are Victoria University, Werribee Campus (in nearby Hoppers Crossing).
What Else Is There To Do In Point Cook?
Want more to do and see? For sports fans, check out the Sanctuary Lakes Golf Club, the Point Cook Football Club, Cricket Club, Jets Soccer Club, and Altona Netball Club.
For boat-lovers, Point Cook is close to the bay and great for taking the family out on the weekends.
Visit the Werribee Open Range Zoo for an off-road safari to travel around the open plains of the zoo and see animals in the open, not in cages.
But wait – there’s more. If you’re into fitness, choose between the Werribee Outdoor Pool, the Wyndham Leisure & Events Centre, and the Werribee Sports & Fitness Centre for your fitness goals.
There are plenty of shopping centres and restaurants to choose from, and more popping up all the time. You can visit the Stockland Point Cook Shopping Centre or the Wyndham Village Shopping Centre in the greater area. Other shops in the area include the Sanctuary Lakes Shopping Centre, the Werribee Plaza and CBD, Featherbrook Shopping Centre, Williams Landing Shopping Centre, and the Pacific Werribee Shopping Centre.
The area is in development and building more leisure facilities each year. Don’t miss out on getting in early to this great area.
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