Buy House And Land Packages Melbourne, Victoria | Properties for Sale

Everything You Need To Know About Buying House And Land Packages In Melbourne

Most Australians dream of owning their own home, perfect for their family and lifestyle; and what better way to achieve the perfect home than by building it yourself?

Melbourne house and land packages are a great investment for those who want to buy a brand-new home with plenty of benefits and in the most liveable city in the world.

What Is A House And Land Package?

While it may sound simple, understanding house and land packages can be confusing, especially if you’re new to buying property. A house and land package usually involves two separate contracts: one for the land, and one for the house. You’ll need to enter into a contract with the builder to build the house and a separate land contract with the developer.

This is different to an off the plan package for an apartment or townhouse, which entails a single contract and an initial deposit, and then settling on the remainder after it has been built. (This is usually easier for townhouses and apartments which have multiple investors, as opposed to a house which will have a single buyer and owner.)

A house and land package, however, involves paying off the cost of the land before building, and then paying instalments on the house to the builder during the building process on a separate contract.

So, buying a house and land package means just that – you’re buying land and you’re buying a house in a package deal, but with a contract for each.

Why Should You Buy A House And Land Package?

According to statistics about Melbourne building approvals from the Australian Bureau of Statistics, “the trend estimate for private sector houses approved rose 1.0% in July and has risen for five months.”

There’s a growing trend in buying house and land packages in Melbourne, and it’s easy to see why. Benefits (such as stamp duty and tax depreciation) are why house and land packages are becoming more appealing to Melbourne buyers, along with the advantages of newness and choice. Also, as house and land prices increase, it makes sense to invest now and see the market value of your property increase while you build.

Stamp Duty

When you buy a new house, you will usually have to pay stamp duty on the property as part of a land transfer tax; however, 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. You can save money this way, as 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.

Tax Depreciation

For those looking to save money, the tax depreciation benefits of a house and land package are a huge positive for investors. You can claim tax on depreciable assets like fixtures, fittings, and even some of the construction costs. You might also be able to claim on rates and interest payments. These benefits are greatest when the property is newest, so a house and land package is great for your savings.

First Home Owner’s Grant

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.

Designed For Your Lifestyle

When you buy an established property, you have to make do with what you’re offered and will often have to compromise on a few features you wanted. When you buy a house and land package, you have the freedom to include everything you want and choose a design that suits your lifestyle and family. You can customise (to a degree – make sure to check with the builder about any restrictions they might have) to suit your needs and your budget.

It’s Brand New

A brand-new home is great for first home buyers who want to have a property they can really call their own; and for investors, tenants will be more attracted to the new fixtures and fittings.

As we learn new and better ways to build, over time this means that a new home will often be built with more environmentally friendly fittings and materials than older homes, and the latest in designs and surfaces. For those who want a modern home with the best the market currently has to offer, it’s better to buy new.

Lower Maintenance

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 (and even more money) trying to bring an established home up to your standards. A new home, on the other hand, will maintain its value for a longer period of time, and with brand-new fixtures, fittings, and materials, your new house won’t need the upkeep and will last longer without the hassle of renovations.

Traps To Avoid When Buying A House And Land Package

When you build a home, there’s a potential for problems to arise during the building process, such as delays or having to spend extra money along the way. Make sure to plan ahead and budget conservatively just in case.

If you’re investing in a new property with the intention of renting out to tenants, then you’re not going to see any returns on your investment for a while as the property is built. Make sure to save ahead for the building period.

Be prepared to wait for your new home. The building process can sometimes be delayed for a number of reasons, and this can be a negative for some buyers. Make sure you consider time delays when buying a house and land package.

Why Is Melbourne a Great Place to Buy A House and Land Package?

Melbourne has not been named the most liveable city in the world for no reason. It bursts with culture, art, music, fashion, and food. It has great public transport systems and high levels of safety. It’s diverse and full of interesting people. There’s lots to do and lots to see. But, most importantly, there’s plenty of opportunity for those looking to buy in Melbourne right now.

With a 9.7% growth in population, buying property in Melbourne is more popular than ever. The region had 1,741,976 residential dwellings in 2016, growing from 1,572,171 residential dwellings in 2011.

As the city grows more popular, it’s more appealing to buy in the greater region if you’re looking for a quieter home life than the bustling inner city can offer.

Location and Weather

House and land packages are growing in popularity in greater Melbourne, which encompasses the region from Point Cook in the west all the way to Officer in the east. Much of the region surrounding the north, east, and south of Port Phillip Bay, where there are a number of beaches and ports.

The City of Melbourne website states that “Melbourne residents enjoy a temperate climate influenced by its location at the apex of one of the world’s largest bays, Port Phillip Bay.” The weather in Melbourne is a great bonus for those who can’t stand the heat of Australia’s more northern cities.

For professionals (who make up 24.% of greater Melbourne’s workforce, as of the 2011 census) looking to buy a house and land package in greater Melbourne, you can be as close or as far from the inner city as you like; you could settle in the suburbs but still be close enough to the city for work and weekends.

It’s A Multicultural City

According to the Australian Bureau of Statistics, as at 2016, Greater Melbourne has a population of 4,725,316 people. The city has a diverse, multicultural community, with 31.5% of people being born overseas.

Family Friendly

For couples with children (approximately 48% of Melbourne families), the greater Melbourne area is a great place to raise your family. A house and land package in Melbourne is popular for those wanting a larger family home rather than an apartment or townhouse.

Schools and Education

The Greater Melbourne region has nine universities, seven TAFEs, and many more primary schools and high schools to offer. The Australian Government website, Future Unlimited, states “[Greater Melbourne] has 5 of Australia’s top 20 universities, one of the world’s top 30, and 2 universities in the world’s top 100.”

Use the handy schools search here to find the right school for you, whether it be primary or secondary, public or private, co-educational or single-sex, Catholic or independent.

For several schools, potential students must live in certain catchment zones to be able to attend. This can make certain suburbs competitive for buyers, so make sure to research what schools you can attend depending on where you want to build your property.

Transport

Melbourne is renowned for its great public transport services, especially by bus, train, or tram. While many people prefer to drive to work to get around, it can get congested in the city; for those looking for more environmentally-friendly options, there’s plenty to choose from. Check the journey planner on the Public Transport Victoria website to view your transport options.

Health and Hospitals

Health is taken seriously in Australia, and Melbourne doesn’t lack for hospitals or health services. There are numerous private and public hospitals, including The Alfred, Beleura Private Hospital, and Sandringham Hospital, plus many, many more.

Attractions

There’s no shortage of things to do and see in the greater Melbourne region. There are plenty of parks and nature reserves: such as the Dandenong Ranges, the Victoria State Rose Garden, and the Werribee Open Range Zoo (where the animals aren’t enclosed in cruelly small spaces but can roam free on 225 hectares of open savannah).

For club goers, there’s a great nightlife scene in Melbourne, and plenty of bars, pubs, and clubs to choose from, including comedy and jazz clubs, wine and karaoke bars, dance clubs, and discos.

Melbourne has a rich history, and for those looking to invest in the area, there’s a plethora of historic sites to go and visit to immerse yourself in the city’s rich history and culture. You can visit the infamous Old Melbourne Gaol, which housed Ned Kelly or catch a train from the iconic Flinders Street Station to the outer suburbs. Rippon Lea is a preserved 19th-century suburban estate, and the mansion and gardens are the last in Australia that you can still visit.

Overall, it’s hard to beat the greater Melbourne region when it comes to livability, culture, health and safety, entertainment, and potential for growth.
If you want to know more about the property and development activity in Melbourne, go to the City of Melbourne website and see their 3D Development Activity Model.

Want To Talk To A Professional?

If you still have questions, get in touch with us today to figure out if a house and land package is for you.

Call us today to talk to an expert on Melbourne house and land packages. For more information, find us on social media or browse the website for more on house and land packages or buying off the plan in Melbourne.

5 Common concerns buyers face when buying an off the plan townhouse

5 Common concerns buyers face when buying an off the plan townhouse

Since the purchase of a property is big financial and usually a lifetime investment, when deciding to or not to purchase a townhouse or any other property type off the plan, buyers frequently have some well-justified concerns. Here are the 5 Common concerns buyers face when buying an off the plan townhouse. These are the frequent questions that every buyer needs to get answered before purchasing a property off the plan.

Will I get the same townhouse that was promised?

It is in the developers best interest to deliver what is promised. However, due to financial matters, time limitations or regulatory controls, they sometimes make changes to the project, whether it is a change in the design, material or construction itself. The good news is that the buyer is protected by the contract with what is called defects liability clause. Having that in mind, the developer must consult the buyer when making any changes that are not the part of the original deal. The developer is obligated to deliver the promised quality, but sometimes there are failed expectations on the buyer’s side. It is a risk all buyers have to take.

Are my rights protected?

The contract has to be detailed and cover all legal matters that protect the buyer. The disclosure statement is there to ensure the property purchase and future ownership of the buyer. Sunset clause is there to ensure that the construction will be finished on time, and if not, the deposit must be returned. Withdrawal cause and Cooling-off period are related to conditions in which the buyer can back off of the purchase and defects liability clause secure the rights of making objections in the case of defects made on the house. If in doubts, it is always a good advice to consult with the legal adviser.

What are potential dangers I could face when buying off the plan?
Apart from not getting the expected results, the other risks include construction delays and pauses, not respecting the sunset clause and bankruptcy of the developer. Most of the time, fortunately, if the contract is explicit and legal as it should be, the developer is obligated to return the deposit. For the investors, the danger can be property value going down where the purchase proves not to be financially rewarding.

Will the change in property value, after the contract is signed, affect me?
When buying off the plan, the price and the deposit are fixed and determined by the date the contract is signed, Therefore, if the property value changes, even drastically, buyers are still protected by the contract and will not be affected. The investors, however, still face the problem of property value variations, as mentioned above.

Can I change my mind and withdraw from the off the plan purchase?

The answer here is yes, but there are certain terms under which the withdrawal is possible. For example, in the case of delayed construction, the construction terms not being met, or violating the agreements made between two parties, both developer and the buyer have the right to withdrawal. That is why withdrawal conditions have to be thoroughly analysed, as not all contracts are the same.

Are you interested to purchase an off the plan townhouse? Check out this article about off the plan townhouses in Melbourne, Victoria, Australia or this article about buying a townhouse in South East Melbourne. There is more great information about what you should know before making the decision to buy.

Buy off the plan townhouse South East Melbourne, Victoria | Properties For Sale

If You’re Thinking Of Buying An Off The Plan Townhouse In Melbourne’s South East, Here’s What You Need To Know

If you want to live in the most liveable city in the world, but don’t want the fast-paced, inner city lifestyle, then consider an off the plan townhouse in South East Melbourne.

The south east suburbs of Melbourne are growing in popularity as people want more space and privacy than the inner city allows, but still want to be close enough to have a quick commute to work.

The leafy, spacious streets of south east Melbourne are a must for professionals and families looking to buy off the plan. Townhouses especially are popular in Melbourne, as they are more affordable than a house but are more spacious than an apartment.

As prices continue to rise, they are a great option for those looking to save money, and buying off the plan gives you more time to get your finances in order before settling into your new home.

What Is An Off The Plan Property?

If you’re not familiar with the term, an “off the plan” property is one bought before the construction of the property is completed – that is, you sign into a contract with a developer and pay a deposit (usually 10%) and then you have to wait while the property is built.

There are many advantages to buying your property as this stage of development: you can have some input into where the house will go and what you want it to look like, your house might increase in value by the time you must pay for it, but you will be paying the price settled on at the time of the contract, and you have plenty of time to get organised financially before moving into your new off the plan townhouse.

Should You Buy Off The Plan?

As of 2015, Census Data shows that the value of private sector dwellings (excluding houses) has risen from $234 million in 2011 to $393 million in 2016. This is evidence of the growing market value of south east Melbourne townhouses, and prices are set to only increase. The number of building approvals for these types of properties has also increased, from 5513 in 2013 up to 8458 in 2016. For those who want to buy, now’s the time to invest.

There’s plenty of things to consider when buying off the plan: namely, your financial situation, how long you’re willing to wait, and how much input you want in the development process.

Off the plan townhouses in south east Melbourne are a popular choice among today’s families and professionals as market prices continue to increase; by purchasing at the current market value, you could be locking in a townhouse at today’s prices, and when it’s finished, you will be paying that same price, regardless of if the value of the house has increased.

The reason this perk exists is because developers want you to lock in a property so that they can secure the project and know they will have a buyer once the property is finished. It’s a great way to stay ahead of growing market prices in south east Melbourne.

Time To Save

If you’re not ready to pay for a finished property and still need time to save money, then buying off the plan is a great option. After paying for the deposit, you don’t need to worry about starting mortgage payments until the townhouse is completed.

While you wait for your new townhouse to be built, you could be earning and saving more so that when it is time to pay off the remaining costs of your property, you won’t need such a large loan and will have lower monthly repayments later on.

You Can Have Your Say

When you enter into a contract to buy an off the plan property, you are still in the pre-development and design stages, which means that you can have you say while the plans are still being drawn up.

You can choose fixtures and finishes (but make sure to check your contract to see how much leeway the developer has to change your decisions later on to avoid disappointment); if you get in early enough, you can have the best pick of locations and townhouse designs, but the level of customisation depends on the developer and your contract.

Make sure to stay up to date with the construction process and have your contract looked over by a legal professional if you are still unsure about any fine print.

Am I Eligible For Stamp Duty When I Buy Off The Plan?

You might be eligible for stamp duty concessions when you buy an off the plan townhouse in south east Melbourne; For more information, see the REIV webpage.

Click the following link to use the convenient calculator from the State Revenue of Victoria website to calculate your stamp duty.

Why You Should Buy A New Townhouse In South East Melbourne

Are you considering where to buy? Here are a few great reasons why you should buy a new townhouse in South East Melbourne.

Liveability Rating

According to the EIU (Economic Intelligence Unit), Melbourne has been ranked the most liveable city in the world for seven years in a row, and not for nothing.

Melbourne has a low crime rate, great healthcare and education systems, and a wealth of culture to be enjoyed. Melbourne’s top spot beat out famous cities like New York, Vienna, Paris, Toronto, and Melbourne’s south east is a popular area for those wanting a little less noise and more greenery in their scenery.

The south east region encompasses 10 districts: Bayside, Cardinia, Casey, Greater Dandenong, Frankston, Glen Eira, Kingston, Monash, Mornington Peninsula, and Stonnington. According to ABS statistics from 2011, the area has a population of 751,032 with a median age of 35.2 years of age, slightly younger than the average Australian, who is 37.4 years old. It’s a great area for young people, especially students, who have several universities and schools to choose from.

The population density has been increasing yearly, with 356.2 people per square kilometre in 2011 versus 390.9 people per square kilometre in 2015. This shows the growing popularity of south east Melbourne, and buying a townhouse is a great way to save space and money in this area if you’re thinking of buying.

Over half (52.6%) of the population have post school qualifications, and the most common professions are Professionals (17.5%), Technical and Trade workers (15.6%), Clerical and Admin workers (15.3%), and 11.1% labourers.

The majority of households are family households, with 77.9% of households identifying as such.

South east Melbourne is a diverse and multicultural area, with 38.2% of people speaking a language other than English at home, and 44.8% of the population being born overseas; the most popular areas were 9.5% from Southern and Central Asia, 7.4% from South east Asia, and 6.2% coming from Southern and Eastern Europe.

Transport and Roads

Public transport in south east Melbourne makes it easy and painless to get around, especially if you want to travel into the CBD regularly.

There are regular trains, trams, and buses servicing the south east. For more information, check the Public Transport Victoria Journey Planner here.

For the environmentally conscious or those looking to stay healthy, bike-riding is a popular method of transport for Melburnians, and there are plenty of bike trails and paths for cyclists in the area. For a list of bicycle and walking routes, check Vic Roads.

Melbourne has a high focus on safety, and the “Share Our Streets” campaign promotes courtesy and safety on their streets to all road users, including pedestrians and cyclists.

South east Schools

For those seeking early child care, kindergarten, or prep, there are so many options to choose from: check out The Australian Child Care Index to find a comprehensive list of all child care centres in south east Melbourne.

As some schools require you to live in certain zones to be able to attend, the areas around certain schools can be quite competitive, so make sure to do your research on any schools you want to enrol your child in to make sure you qualify. If you want to live in any of these zones, consider buying a townhouse off the plan in south east Melbourne – you’ll have more time to prepare your family while the house is built, and you will be in the perfect position for schools later on.

To compare and contrast different schools in Melbourne’s south east, see Melbourne Schools to narrow down your search options depending on the education level and type of school you’re looking for.

Primary schools in the area include Albany Rise Primary School, Aspendale Gardens Primary School, Beaumaris North Primary School, Christ Our Holy Redeemer School, Caulfield South Primary School, Huntingdale Primary School, and many, many more.

There are plenty of high schools to choose from as well, including Dandenong High School, Ashwood college, Caulfield Grammar School, Haileybury Secondary School, Lauriston Girls School, St Kevin’s College, and plenty more. To see more, check out Melbourne Schools.

For universities, you can choose between the University of Melbourne in the city, Monash University, Swinburne University, and Deakin University.

Shopping and Entertainment

Westfield Fountain Gate is a popular store for those living in the south east region who want the latest in fashion, lifestyle, and entertainment shopping options.

For market-goers, the South Melbourne Market has been a staple since 1867 for those wanting to eat, drink, and shop locally produced goods. There are also live music events and entertainment. Read more about the markets here.

According to The Herald Sun, the “best brunch spots in Melbourne’s south east” include Left Field, Oasis Bakery, Cote Terra, The Ambrosiary, Little Collins, and South Society.
Popular restaurants in the south east region include the Prahan Hotel, Arda Turkish Cuisine, Sette Bello, The Kingston Hotel, and O MY.

For more to do in south east Melbourne, check out the Body and Soul Festival, The Handmade Show, the Melbourne Tram Museum Open Day, and The Melbourne Fair.

Parks and Recreation

South east Melbourne is known for its leafy streets and pleasant parks, where you can go out with the family, walk the dog, cycle, or just relax among nature. Search the list of great playgrounds in the area here.

The beaches in south east Melbourne are popular spots, and the main bayside beaches are along the south-eastern suburbs that line Port Phillip Bay. They are great places to go for a swim, walk, picnic, or just a family day out. There are lots of rock pools to explore and off-leash dog parks. Popular spots include St Kilda Beach, Elwood Beach, Brighton Beach, and Half Moon Bay.

If you want a gym nearby, you have plenty to choose from in Melbourne’s south east; popular fitness centres like Aliento, Re-Creation Health Clubs, Fernwood Fitness, Jetts, Zumba, Boxing Dandenong, and the Melbourne Sports and Aquatic Centre in Albert Park, which has aquatics, stadiums, and children’s programs; the MSAC (Melbourne Sports and Aquatic Centre) has hosted over 40 international events.

Other Great Features of South east Melbourne

Melbourne’s south east region has a variety of libraries spread throughout the suburbs, like the City of Kingston’s Dingley and Clarinda Libraries, who even deliver library materials to those who are unable to independently visit their local library.

Hospitals in the area include the South eastern Private Hospital, Dandenong Hospital, and the Waverley Private Hospital.

For pet owners, have peace of mind knowing the South eastern Animal Hospital is nearby in case of emergency.

Melbourne’s south east is a great place to invest in, especially for families and professionals. Think about buying off the plan; you could save money, accumulate value on your property, and create a home all your own – all while living in the best city in the world.

Want To Know More?

We know it can be confusing, especially if it’s your first time buying a home or if you’re unfamiliar with buying off the plan; if you still have questions and want to talk to an industry professional, call Oak Laurel Real Estate or sign up for a newsletter to find out more about off the plan townhouses in the Melbourne south east area.

Browse our website to read more about off the plan properties or find out more about buying off the plan townhouses in other Melbourne suburbs. You can also check out this info about buying a townhouse in these specific  South East Melbourne suburbs like Box Hill, Mt Waverley or  Burwood East. These are some of the best locations to buy a townhouse.

Off the plan townhouses for sale Melbourne eastern suburbs

Are you looking for new townhouses for sale Melbourne eastern suburbs?

Sign up to our list to be notified when quality new townhouses become available in South East Melbourne. Are you looking to buy now? You may be in luck we could have just what you are looking for, contact us now.

 

 

Off the plan townhouse in Box Hill VIC | Properties for Sale

Off The Plan Townhouses in Box Hill Are A Great Investment In This Booming, Multicultural Suburb

If you’re planning to buy off the plan in Melbourne’s eastern suburbs, then the multicultural suburb of Box Hill could be perfect for you. Townhouses, especially in this region, are growing in popularity as they often cost less than a stand-alone home but are more spacious than an apartment. An off the plan townhouse in Box Hill maybe just what you are lookign for.

What Is An Off The Plan Purchase?

You may be wondering what it means to buy off the plan. For those new to the process, buying “off the plan” means making a commitment to a property that has not yet been built.

Essentially, you enter into a contract with a developer and put down a deposit, and then you have some time before the property is finished and you finish paying any outstanding costs.

It’s a great option if you want some time to get your finances in order or want the benefits of choosing layouts and locations rather than choosing from the limited options of what’s already on the market.

Top 10 Reasons To Buy Off The Plan

Stamp Duty Concessions

Stamp duty is a tax you will usually have to pay that covers the cost of changing over titles and ownership details of the property. There is a handy calculator on the State Revenue of Victoria website.

Some people are exempt from or can get concessions paying stamp duty; for example, pensioners or first home owners.

Builder’s Guarantee

If you look up Consumer Affairs Victoria on their website here, you’ll see that your rights are protected during the building process by a “builder’s guarantee”.

This means that the law in Australia requires builders to uphold certain standards of workmanship, and makes sure they deliver what is stated on the contract. These obligations are under “consumer guarantees” in Australian Consumer Law.

Newness

A great advantage to buying off the plan rather than purchasing an established property is that “new home” feel; you get to be the first one to walk through the door and make it your own.

Also, if you get in early with developers, you will have your pick of townhouses available; which, of course, you can still customise before finalising the contract.

Capital Growth

If you want to stay ahead of the market, then off the plan is a great choice. You put down a deposit and settle on a price, and even if the market price of the property grows in value, you still pay the original price at the time of the initial contract.

Time On Your Side

When you buy off the plan, one of the biggest advantages is the extra time you have to get things prepared before the property is finished.
You also have more time to finalise any loans, prepare your family for a move, or organise possible tenants if you aren’t going to occupy the property yourself.

Lower Repair and Maintenance Costs

The advantages of a brand-new property include less time and money spent on repairs and maintenance, and a longer period of time before such costs are necessary.

In contrast, when you buy an established property, you could potentially waste money getting the property up to standard.

The Sunset Clause

The “sunset clause” is the period of time your developer has to complete the building process. If the property is not completed within the time period, you can legally dismiss the contract and get your deposit back.

Tax Depreciation

When you purchase a property, you are eligible for tax deduction on any general “wear and tear” that occurs over time; this includes deductions on the building’s structure and permanent fixtures, and depreciation on plant and equipment assets.
You will usually need to hire a professional Quantity Surveyor to create a tax depreciation report for you.

Save Money

Between the time of initially signing the contract and paying a deposit and the time of completion, you have (usually) a year or two to save money, which means you can pay off a larger chunk of the mortgage and have lower monthly repayments.

Customisation and Choice

Unlike an established property, where you must “make do” with the types of properties available, off the plan properties give you more flexibility when it comes to location and design input.

This is great if you want more input into the location of the property, or want to merge two buildings together, or want to be able to customise certain finishes and fixtures.

An example of these changes is the placement of windows, doors, kitchen and light fixtures, or want to change the floor plan.

Of course, you will have to make these changes before the plans are completed, and you might be liable for extra fees if you change your mind after the finalisation of the original plans.

Why Is Box Hill A Great Place To Buy Off The Plan?

Buying off the plan in Box Hill is a great investment, especially for townhouses; compared with 9.6% of properties in Victoria being townhouses or semi-detached, these types of properties make up 34.2% of homes in Box Hill, according to 2011 census data from The Australian Bureau of Statistics.

The Multicultural Aspect

The residential area of Box Hill is a diverse, multicultural area, whose residents come from all over the world. According to the Australian Bureau of Statistics census data from 2011, 53.3% of Box Hill residents spoke two or more languages at home, and the most common ancestries were 26.7% Chinese and 16.6% English. The area is popular with international buyers, making it a competitive area to invest in. The suburb also features a Thai Buddhist Temple that can be visited by train, tram, or bus.

Great Food

If you like Asian cuisine (like dumplings, yum cha, curry, ramen, nasi goreng, sushi, or noodles) then Box Hill has plenty of restaurants to choose from. Popular haunts include the Shanghai Garden Dumpling, China Bar, and Gami restaurant. The Box Hill Central Shopping Centre boasts a range of diverse food options for different tastes. The Vegie Hut is also an option for vegetarians.
The Chinese New Year festival, hosted in late January, also has a great range of food to try.

It’s Easy to Get Around

There’s plenty of options for public transport in Box Hill, with trains, buses, and the tram route running from Box Hill to Port Melbourne.
For journey planning and timetables, see the Public Transport Victoria page.
Box Hill is 14km east of Melbourne’s CBD; by train, it takes approximately 38 minutes to the CBD, or 32 minutes by car. It is a one-hour bike ride for those seeking a healthier travelling option.

Lots Of Great Schools

According to 2011 census data, 60.4% of Box Hill properties are made up of family households, which means demand for schools is high in this area; luckily, there’s plenty to choose from.

Early Learning Centres

For families and students, Box Hill has plenty to offer. For toddlers and young children, there are multiple kindergartens and early learning centres, including St Peter’s Anglican Kindergarten with 4-year-old and 3-year-old groups; The Box Hill Early Learning Centre, for infant day-care, early years childcare, kindergarten and preschool; Goodstart Early Learning Centre which includes a nursery, toddler care, kindergarten, and vacation care; and the government-run Central Box Hill Children’s Services Centre for children 0-6 years.

Primary Schools

Primary schools in Box Hill include the St Francis Xavier’s Catholic Primary School; the Roberts Mccubbin Primary School in Box Hill South; and the QS School group.

High Schools

If you need a high school in the area, Box Hill has the Box Hill High School; the Box Hill Senior Secondary College, which has been recognised by the Department of Education and Training for its sport development program; the all-girls college, Our Lady Of Sion College; and the Kingswood College, which is available for kindergarten through to year twelve.

TAFE and University

For further education, Box Hill has a TAFE, The Box hill Institute, with a great number of courses in over 15 study areas, and a University of Divinity, the Yarra Theological Union.
There is also a Chinese Culture School in Box Hill.

Sport and Recreation Centres

Box Hill has a number of clubs and centres for fitness and recreation. The Box Hill RSL has lawn bowls, swimming, darts, snooker, and angling sports groups that meet up and have regular friendly competitions. The RSL also hosts movies, special interest groups, support groups, and great dining options in their bistro and on their Roof Top Bar, known as The Deck.
The Box Hill Golf Club are also popular places for those seeking some easy leisure and recreation.
Aqualink at Box Hill is an impressive aquatic and leisure facility, and during the early 20th century it became the first Olympic standard swimming pool in Australia. Services include indoor and outdoor heated pools, learn-to-swim programs, a warm-water therapy pool, a spring board diving pool, a high-tech gymnasium and group fitness spaces, café, tennis courts, outdoor soccer, and more.

Close To Hospitals

For many people, access to health care and hospitals is very important. Box Hill has two main hospitals, the Epworth Eastern Hospital and the Box Hill Hospital. The Epworth Eastern Hospital has a multitude of services, including a day medical unit and a Chinese speaking concierge. Box Hill Hospital is the largest of Eastern Health’s acute hospitals and features many great services, including a specialist clinic for outpatients and a variety of mental health services.

Leafy Streets and Beautiful Parks

Box Hill has plenty of greenery, and many streets are lined with overhanging trees, with a mixture of older homes and new developments. The largest and most popular park, Box Hill Gardens, is a central feature of the suburb, with picnic tables, a war memorial, BBQ spaces, playgrounds, a cricket pitch, duck pond, and lots of space to stretch out and relax. Sometimes there are musical events held in the gardens, and there’s plenty of space for family activities or get-togethers.
Other parks include Surrey Park and the Victoria Rose Play Space, with a great playground for kids.

Still Have Questions?

If you would like to find out more about off the plan purchases or buying townhouses off the plan, call us today to talk to an industry professional about your options.

Learn more about your options as a home buyer, or look at other townhouses and locations by browsing our website at your leisure.

Find out about off the plan townhouses for sale in Burwood East or in Mt Waverly.

Take your time browsing our website for more about off the plan purchases and buying in and around Melbourne.
Look us up on social media if you have any more questions or want to get in touch online or in person.

Why buying off the plan townhouses is perfect for first home buyers

For those who decided to go with a townhouse as the best first house option, there are few things that need to be taken into account. Buying the first house usually brings with it some amount of investment inexperience, a lot of chaos and stress. Some people, when looking for a perfect first home solution, don’t have the patience to think through all the possible options, but those who do are usually sooner or later introduced to the idea of buying off the plan, which is probably one of the best ideas for the first time buyers. Here are some useful advices for townhouse buyers, who decided to go with the buy off the plan option for their first home purchase, that can help in finding and buying the best property for their needs.

Townhouses have many advantages to other building types They are neither apartments nor single houses and have the best of both worlds. It is known that they are cheaper than single family houses in the same area but provide almost the same comfort. The strategy to buying a townhouse off the plan is similar to buying an apartment or choosing between a single houses complex. There are few units available and buyers can choose which suits them the best. Since these homes are cheaper, they are great compensation and a perfect option for anyone who is looking for a family home with a garden, but can’t afford the full pleasure.

When looking for a perfect first home it is important to buy early when the project starts, because with buying off the plan the golden rule is that buying a home early in the project lowers the price and requires the lower the deposit. When it comes to payment and buying a first house, this is a great solution because not only the price is lower than the finished townhouse of the same type, but also because there is more time to dedicate to getting a loan from the bank and saving more money for the desired home. You have more time to consider your financing options and secure a financing, so you don’t have to worry about unnecessary financial issues. Many developers offer great deals for the first buyers and many also offer some discounts and special offers, which lowers the price of property even more.

Buying off the plan gives more time for necessary financial and organisational preparations. You will have more time to think and organise your budget effectively, so when the sunset date is known you be able to make planes about furnishings and other details. It will allow planning moving in way ahead and make necessary preparations, which is not the case when buying an already built townhouse. Some builders also offer to make adjustments in projects for clients needs, meaning there is more room for changing what you don’t like about your future home. This makes it more customised and perfect for first-time buyers who are looking for their special place.

Learn about off the plan townhouses in Mount Waverley or Burwood East. There are some great options available.

Advantages and disadvantages of buying off the plan townhouse

When considering buying off the plan townhouse, we must take into consideration both pros and cons of this option to make the best judgment.

Pros

Good price

The main reason why this property buying option is getting more and more popular is that fairly good price you get for a brand new home. The thing with buying off the plan is that it is in developers interest to get the first funds as quickly as possible to ensure the financial stability. That is why the first off the plan townhouses are the cheapest and chances are big that you will be in a good position to pick the best home developer offers. The price is fixed so that means you can even profit from buying this way if property value goes up.

Flexible payment methods

What is great about purchasing your dream home off the plan is the flexibility of payment. There is buy now and play later method, which includes only small deposit usually prior to signing the contract. Since the price is fixed, you won’t have to deal with unnecessary math. You can also choose from different payment options and go for the one that suits you best.

More time for making plans

Buying off the plan is great because it not only allows you to deal with your finances more effectively but also with your time and preparations for moving in. As construction of your new townhouse takes some time, you can save more money and it gives your bank more time for loan approval and raises the chances of getting it.

Cons

Unexpected results

Since buying off the plan is buying a property before it is built and ready for moving in, we buy it based on the plans and provided information only. Since we can not see and feel the space we are buying, we must be ready for an element of surprise when it comes to how will our townhouse look like. Since developers have more-less freedom to go for the alternatives in choosing the material and ways of building after you purchase the property and sign the contract, there can be some unpleasant surprises such as low quality. What we can deal with here is our expectations not being met.

Construction competition past the due date

Another problem many buyers face is delayed house competition. Due to financial issues developers sometimes face, there is a possibility of not meeting the construction due date which can delay your plans of moving in.

Cancellation or bankruptcy

These are both probably the worse case scenarios, but both can happen. Cancellation of your contract under special circumstances is possible, so there is a chance if you haven’t studied the contract to a detail, that your contract gets canceled. Many buyers also risk dealing with the bankruptcy of the builder. What can happen here is simply not getting your townhouse at all and there is a chance of not getting the deposit back as well, which is not a pleasant experience.

Read more about the 6 things to consider when buying an off the plan townhouse in Australia.

 

6 things to consider when buying off the plan townhouse

Our finances and legal matters play the main role, but when buying a townhouse off the plan, there are some things that need to be considered before signing a contract with chosen developer.

Construction due date

The first thing to consider is how long will it take until you move in your new home. Some projects take longer to finish, so think about how long can you wait for your new home, as construction can take up to 2 years or even more. If the deadline doesn’t suit you or you perceive it isn’t worth waiting, for financial or other reasons, go for another option.

Location and surroundings

While analysing the plan of your potential future townhouse, take the time to think about the location. Remember it is not only about the distance from your work, school, important facilities or town centre, but also the safety of the neighbourhood and connection to other important locations in the city. Noisy and busy streets and neighbourhoods are not really desirable options. On the other side, good infrastructure, parking lot, public transportation availability and calm neighbourhood are always a plus in choosing a perfect home.

Quality

The developer of your choice should have a good reputation for the quality of the work they provide. It is not unusual for developers to go for alternatives during construction, especially when it comes to materials used while building your home, if their finances ask for adaptation. Make sure that they have a history of previous buyers who are content, so even when the materials, floorings and windows aren’t exactly like on a plan you still get a good quality.

Public utilities in the area

It is important to consider how high the bills for electricity, water, sewage and other utilities will be, as uneconomic systems are bad solutions in the long run and will greatly impact your budget in the future.

Space organisation and arrangement

Space arrangement is definitely very important, and we are all always hoping for more square meters for less money. But, what is also important is how that space is used, which is why buying a townhouse off the plan must be based on careful analysis of the space. Unlike when buying a townhouse which is already built, buying off the plan means we have to rely on plans only and try to visualise how that space will look like when the house is finished. Space must be used economically and wisely, so you get the best space arrangement possible.

House orientation

This is something many people neglect while buying their houses, but it is definitely necessary for consideration. There is a difference in having an east oriented living room or west oriented one. House and rooms orientation impacts how much natural light there will be during the day. Also, there is a difference in having a main street oriented house and having a park oriented house, so orientation definitely plays a part in choosing a perfect townhouse for your needs and should be taken into a count.

Check out info about townhouses in Melbourne.

3 steps to buying your off the plan townhouse

 

Buying a dream townhouse off the plan is a great solution for any budget out there. As important as choosing the right property is, using the most of what developers have to offer is crucial and will give buyers the right home keys. To make the best purchasing decision and avoid being too caught up in the process, here are some tips to help in finding the best option and purchasing the most suitable off the plan home for any taste.

Know what you are looking for

Before buying a property off plan it is important to have well-defined criteria and know what you are looking for and what you are trying to avoid, and this goes both for townhouses and developers. It is important to know your financial limits and based on that do a proper research on developers and properties available. What are your preferred location and townhouse size? What about available payment options? How should the interior look like and what is the number of rooms and bathrooms? How compatible your criteria is with actual prices? These are some of the questions you have to answer before finding a developer and property which suits you.

Choosing developer and the plan

This step takes time, but it is crucial for finding a perfect house. After you have established your criteria and done a research on potential developers, it is time to narrow your options and pick a developer and a townhouse plan which suits you the most. It is important to pay attention to developers reputation and the quality of work they provide, so take the time to do a research to prevent yourself from regretting your choice later. The perfect developer should have a good reputation and must match your criteria so don’t haste and take the time to find the right one. When the developer is chosen, it is time to analyze the house plan. Does it match your criteria? Is the arrangement of rooms suitable? What are the floor and ceiling like? Windows, doors, and materials? When will the house be finished? Can you customise the interior design? If in doubt or inexperienced, ask for a legal advice, as it is important that chosen developer matches all legal criteria.

Signing the contract and choosing payment options

When signing the contract be sure to understand all the rules, terms and conditions mentioned. Take time to analyse cooling off period and deposit withdrawal options. Read carefully about inclusion and warranties as well as payment options mentioned in the contract. Usually, when it comes to payment, with most buying off plan properties, developers ask for a 10% deposit as a guarantee. Most of the time there are few payment options available, paying in cash or taking a credit from the bank, so pick the most reasonable option for you. Pay attention to a stamp duty which must be paid while purchasing a house. Analyse the contract carefully, check the annual fees and make sure all legal terms are met in order to avoid any unpleasant surprises.

Off The Plan Townhouse Burwood East | House and land for sale

Off The Plan Townhouses In Burwood East: An Investment Opportunity For Families and Professionals

If you’re thinking of buying a townhouse just outside Melbourne city, then consider going off the plan. More and more people are switching to semi-detached dwellings like townhouses for several reasons (e.g. price, maintenance, resale value) and are buying these properties off the plan.

What Does ‘Off The Plan’ Mean?

An off the plan property offers you flexibility and affordability, but if you want your new home right away then off the plan is not for you. Buying off the plan means entering into a contract with the developer before the building has been fully constructed.

Buying off the plan means waiting for your new home – but also potentially saving money, having more input in the design process, and being eligible for stamp duty concession.

What’s The Process For Buying Off The Plan?

After choosing your townhouse, you will generally put down a deposit and sign a contract. You can stay up to date with your property’s construction process throughout the building period.

When the property is constructed, you will usually have an inspection to check everything is in order before moving in, and finalise any outstanding costs.

The construction period is useful for saving money and getting organised before the home is ready.

Questions To Ask When Buying Off The Plan

When buying off the plan, there’s a lot to consider: what the market is like, how much time you need, where you plan on buying, how much input you want to have in the design, location, layout, and floor plan, and what you can afford.

  1. Why Should I Buy Off The Plan?

    • Market Value

      In buying the property at the earlier stage of the construction process, you could potentially end up owning a property that is worth a lot more after completion.

      As the market price of townhouses is inclined to increase, it makes sense to buy now and watch the value of your purchased property grow while you watch the physical property be built. You get the advantage of locking in the price at the current market value instead of the price at the end of construction, when the cost could potentially be much higher.

    • Time Is On Your Side

      The time it takes to build also provides you with the time to save money and prepare yourself for a move. You can save more money during the building process and won’t need to take out such a big loan. This equates to lower monthly repayments.

    • Have Your Say

      By investing before the property is physically created, you can have more of a say in terms of location, space, and design, especially if you have specific requirements for your new home.

    • Builder’s Guarantee

      As detailed by Consumer Affairs Victoria on their website here, the law in Australia makes sure your rights are protected when buying off the plan.

    • Stamp Duty Concession

      If you plan on living in your new townhouse, you are eligible for off the plan stamp duty concession. When you buy in the state of Victoria, you must pay stamp duty or land transfer duty on your property, which is calculated based on the market value of the property or the purchase price (whichever is higher).

  2. How Do I Calculate Off The Plan Stamp Duty?

    Click the link to use the convenient calculator from the State Revenue of Victoria website to calculate your stamp duty.

    There have been some recent changes to how stamp duty works in 2017. Off the plan stamp duty concession for contracts entered after July 1st 2017 will only apply to you if you intend to live in their property. For more information, see the REIV webpage.

  3. What Happens During The Settlement Period?

    By buying off the plan, you will have a greater time period between the initial contract and the settlement date. The settlement period is when you pay the outstanding balance of the property, receive your title deed and officially take ownership of your new home.

    For more information, check the Consumer Affairs Victoria page.

  4. How Much Will I Pay As A Deposit?

    Usually the deposit for an off the plan property is approximately 10 per cent of the total price, with the remaining balance paid when the property is finished being built.

What Does Burwood East Have To Offer?

For those who want to live close enough to the city to get there when they want to, but far enough away from the smoke and skyscrapers that they can have some peace and quiet, then a suburb like Burwood East fits the bill perfectly.

Burwood East lies 17km east from the Melbourne CBD, in the state electorate of Forest Hill. This eastern suburb encompasses 4.3 square kilometres. Local history includes the traditional custodians of the land, the Wurundjeri Tribe, who occupied the land for around 40,000 years. You can read about the indigenous heritage here. The World Vision Australia National Office is also situated in Burwood East.

Burwood East is also the home of the Red Williams pear, developed by local orchardist Walter Mock in the 1930s, was so popular it was exported to Europe and North America.

  1. A Family Lifestyle

    According to the Australian Bureau of Statistics, as of 2015, the population of Burwood East was 10,723 with a median age of 40. Families are a big part of the area, with 74.9% of houses being family households.

    Burwood East is safer than the average suburb in Victoria, according to RACV statistics.

  2. Schooling

    Popular schools in Burwood East include Forest Hill College, Burwood East Primary School, Burwood Heights Primary School, and Blackburn English Language School.

    The high-ranking university, Deakin University, has its largest campus located in Burwood. The campus features multi-story car parks, a motion capture facility, art gallery, gymnasium, bookshop, library, and more.

    For parents of children with a moderate to profound intellectual disability, see the Burwood East Special Development School. The school has some great features, including a multi-sensory room, crafts centre, library, walking and bicycle track, playgrounds, a tranquil garden, and more.

    Part of Burwood East lies in the Mount Waverley Secondary College school zone, which can get competitive, as lots of people want to buy in these kinds of zones for the privilege of attending certain schools.
    Compare schools in Burwood East here.

  3. Retail and Parks

    The Kmart store in Burwood One Shopping Centre was Australia’s first ever Kmart store, and it is still the second largest Australia-wide.

    There are a number of parks in the area with playgrounds and walking tracks. Burwood East parks include the Ballyshannassy Park, Burwood East Line Reserve Park, Witchwood Gully, and the East Burwood Reserve.

  4. Public Transport

    Public transport in Burwood East includes buses, trains, and trams, with the Burwood Highway part of the Melbourne tram network. The Myki card is used on Victorian public transport as a touch-and-go system to make travel easier and quicker.

    An easy-to-use Journey Planner is available for those looking to use Burwood East’s trams and buses regularly.

  5. Community Involvement

    Sports is important to many Victorians, and Burwood East is no different. The suburb features the Nunawading Basketball Centre, the Blackburn Cycling Club, the Burwood East Cricket Club , and the Burwood East Football Club , who compete in the Eastern Football League.

    There are several churches in the suburb, including the Burwood Heights Uniting Church, the Anglican Church of The Ascension, and the Crossway Baptist Church.

  6. Pet Care

    The Burwood East RSPCA is the largest in Victoria, including adoption services, vet clinics, training, pet sitting, grooming, and more. They even have an Animal Ambulance service for emergency pet care.

What Are The Potential Downsides To Buying Off The Plan?

  • The Waiting Period

    While some might prefer a waiting period to save money or give them more time to prepare, others want their home to be finished as fast as possible. Look for a sunset clause in your contract; the sunset clause will give you a time limit that the developer must adhere to when constructing your property.

  • Development Delays

    In rare instances, development might be cancelled and you will get your deposit back, but not your time.

  • It’s Not What You Imagined

    Since you won’t get to see and touch the physical property until it’s finished, you run the risk of it not being entirely what you imagined on paper – but in this day and age, with the increasing use of virtual imagery to show buyers their home in 3D, from all angles, the risk of being disappointed is quite small.

How Can I Find Out More?

There’s more to know if you’re thinking of buying off the plan in Burwood East. Learn more about your options as a home buyer, or look at other off the plan townhouse properties and locations by browsing our website at your leisure.

Find out about:

Off the plan townhouses for sale in Mount Waverley.

Call us to talk to a professional and get all the information. You can also find us on Facebook or social media.

Discount Custom Home Builder Nambrok Victoria

Discount Nambrok Custom Home Builder

Looking for the top Discount Custom Home Builder in Nambrok Victoria, Australia?

Get great custom house choices that meet your requirements and budget.

Are you confused about how to get a cheap custom home in Nambrok Victoria?

DO YOU WANT COMPLETE CONTROL OVER THE LOOKS & THE DESIGN OF YOUR NEW HOME?

ARE YOU WORRIED THAT SOMEONE WILL RUIN YOUR DREAM PROJECT?

DO NOT WORRY!

WE WILL HELP YOU TO CUSTOM BUILD YOUR HOME EXACTLY THE WAY YOU NEED IT!

Discount Custom Home Builder Nambrok Victoria, Australia

Discount Custom Home Builder Nambrok Victoria Australia

Discount Custom Local builders Nambrok Victoria

We understand the problems of trying to build a new house. Contact an architect. Get the plan approved. Ensure that they do not disapprove of most of what you need. Buy building materials. Get a good contractor. Negotiate the Price.
All of this hardly covers one – third of what must be done for the Project! Whoever told you that constructing a house was easy is undermining the process!

Why are you hesitant about the house building process?
Is it because –

i. You don’t understand who to contact in the beginning?
ii. You have no idea about the price of the house construction process will end up as?
iii. The home construction process is scary?
iiii. Possibly you do not want to leave the building of your house in the hands of a person who does’t love what they do?

You needn’t worry we will take care of this and more for you!
What could possibly be the most important step, according to you, when it comes to constructing houses?

Some might thing it is the land. Others may think that a design is more important. For other people, setting up a budget upfront is what matters. Everyone has different needs and desires. Everyone wants to approach construction of their house in the ways they deem fit.

All of this is OK. What if we tell you, we have a easy solution for this? YES, WE CAN PROVIDE SERVICES THAT WILL TAKE CARE OF ANYTHING & EVERYTHING YOU COULD WANT, WHILE BUILDING YOUR HOME!

We will assist you to get your custom house built. Getting a custom home builder, interestingly, also the initial step at starting your dream house project.

Why do you want a discount custom new house builder in Nambrok?

i. To figure out the value of your land.
ii. To advise what sort of a project would be most suitable.
iii. To provide Custom Designs their highest priority and then deliver.
iiii. To meet the various requirements you may have.
v. To guide and supervise the tradies and drafters for design.
vi. Check various council zoning rules.
vii. Handle the legal requirements that come attached to building a home in Nambrok.
viii. To investigate the project and the range of stages and steps.
ix. To buy all of materials required in the home.

x. To provide assistance and solution for interior designing.

After you engage a Nambrok Custom Home Builder, go back and relax while they continually provide updates to you about the various steps of the entire house building process. Let them maximise the area and materials under all the constraints and customisations that you have decided and demanded.
In a situation where you don’t want to relocate into a pre-used home, or you are sick of living in the same home for years, you can choose this.

It is also very possible that what you do and however much you pay, the home gets some issue and has ongoing issues for decades.

In scenarios like this and most undoubtedly in a lot more, trust us to find you the right match!

THIS IS WHAT YOU NEED TO ASK YOUR CUSTOM BUILDER WHEN YOU TALK TO THEM!

i. Ensure you are aware of your builder’s time in the house building sector. With age comes experience, but at times new talent can have a good new|novel} point of view!
ii. Who will be doing the project? Will it be the builder you have contacted, or would it be another partner along with an apprentice?
iii. References are always a must. You should always ask for them. They are clear evidence of great jobs being done. Asking for proof is a requirement!
iiii. You can always ask them to show you the home that they have finished in the past. It is also an excellent practice to discuss with others who have taken up their services to find out if they were satisfied with them.
v. Make sure if they have all the required licenses and certification to complete the build. If they don’t, and you find this out while the build is being undertaken, it might be a problematic spot. It is also a good idea to find out if they can take care of the authorisations and regulation work for your house as well.
vi. With real estate valuations, sky rocketing in Nambrok, what could be the chance of making dual homes on the same block of land? What will be the cost?
vii. What would the final price be? A quoted upfront figure is really good, so that you can organise the required amount beforehand. Ask them their desired mode of being paid along with the schedule of costs.
viii. Make it extremely clear that you would need the construction to be precisely like you want. However, you must not forget that the project cannot contradict safety rules as well as security!

Help us assist you and your custom house construction requirements. We can help get you the best solutions!

We understand that you want to get a discount custom home builder but do not want to sacrifice on quality. You need to understand that some home builders will provide a cheap price because they do not include the same items as a more expensive house builder. You should look at the list of inclusions and exclusions to see what is and isn’t covered in the quote. Sometimes cheaper will just mean you get less.

Get more information about custom home builders Nambrok go to here or contact us to get a quote.

Nambrok Discount Custom Home Builder

Back to the home page click here .