House and land packages are one of the easiest, most affordable ways to dip your toe into the property market without the stress. You’ve likely heard the term, but how do they actually work? We’re breaking down everything you need to know about this simplified path to homeownership. From upfront pricing to design certainty, let’s explore how you can start your new home-owning journey with a house and land package.
Think of a house-and-land package as a streamlined, simplified way to purchase both the house and the land of your desired home. While it feels like a single purchase, you’ll actually have two separate contracts (one for the land and one for the construction).
One of the best parts? The transparency. From day one, you’ll have a clear view of the combined price, making budgeting a breeze and giving you confidence and certainty about your home's final look.
Since the home is expertly designed with that specific block in mind, you won’t be left scratching your head over technical decisions. Instead, you can focus on what’s fun, like where you’ll enjoy that first afternoon aperitivo on your new patio!
House and land packages are becoming the go-to choice for NSW home buyers because they offer a path to homeownership that is high on style and low on guesswork. When you choose a package, you know exactly what you’re getting. You can visualise if your dining table fits the space and exactly what you’ll see when you wake up and look out the bedroom window. It’s about total confidence from day one.
So, why is everyone making the switch? It comes down to a few major wins:
One of the biggest drawcards is the stamp duty savings. In NSW, you generally only pay duty on the land value, not the finished house, which can save you thousands. Pair that with fixed-price contracts that protect you from budget blowouts, and you’ve got a very smart investment. Plus, new builds are more energy-efficient, meaning lower utility bills for years to come.
We know life is busy, which is why a simplified process is a breath of fresh air. Instead of juggling separate contractors, you have one builder managing the lot. Plus, with Mojo, you still get the joy of customisation. You can pick your favourite colours and finishes at our MyChoice Design Studio (but without the stress of complicated construction decisions).
Whether you’re a first-time buyer or a savvy investor, these packages offer incredible value.
By bundling everything together, you can dive straight into the business of settling in and enjoying your new Mojo lifestyle.
Ready to see how the dollars and cents actually move? Let’s look at how financing works.
Financing is where house and land packages really stand out from buying an established home. While a standard home usually involves one mortgage, a package typically involves two loans bundled together (one for the land and one for the construction). Here is how the journey looks from a financial perspective:
You’ll settle on the land first. Just like a regular mortgage, you start making repayments as soon as the land ownership is transferred to you. The silver lining? You generally only pay stamp duty on the land value, not the finished house, which can be a massive saving!
This is the clever part. Instead of receiving the entire loan at once, your bank releases funds in stages, known as "progress payments" or "drawdowns." These typically cover five key milestones:
During construction, you usually only pay interest-only repayments on the amount that’s been drawn down so far. This keeps your costs lower while you're still waiting to move in!
If you're a first-timer, there is plenty of help available in NSW. The First Home Owner Grant (FHOG) of $10,000 is a popular choice for packages under the $750,000 threshold. Plus, schemes like the First Home Guarantee could let you start your build with as little as a 5% deposit and no Lenders Mortgage Insurance (LMI).
Choosing a Mojo House & Land package is all about filling your lifestyle with more joy. With award-winning designs and transparent pricing, we make it easier than ever to build across Sydney, the Hunter, the Central Coast, and the South Coast.
Whether you're a first-home buyer or looking for the home you’ve always dreamed of, your perfect match is waiting. Browse our latest packages online or contact a Mojo New Home Consultant today to begin your journey!
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