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Why House And Land Packages Are Perfect For First Time Buyers In Cairns

If you are thinking about making the moves to get your feet on the first rung of the property ladder, then it is highly likely that you have already been researching all of the different options available. It’s all very exciting, but some of it can be quite confusing, and it is our job here at Michael Hoare Builders to try and make things a little bit clearer for you. One of these ways is teaching you about the prospect of a house and land package. With that in mind, here are some of the benefits of house and land packages in Cairns for first time buyers.

house and land package in Cairns, QLD

Stamp Duty Savings

The biggest saving that you will make with a house and land package is on stamp duty. An average house and land purchase of around $450,000 can save you in the region of $8000 worth of stamp duty, and this is because when you are building a new house, you are only paying stamp duty on the value of the land because a home hasn’t actually been built yet.

Choose Your Design

There is so much more freedom with a house and land package because you are able to have a say in what kind of building and customisation you think is best for your needs. It allows you to have the most input in what you want your house to look like when it is completely finished.

Better Tenants

If you are building in order to rent the property out as part of your business and livelihood, then the facts are that brand new homes are much more likely to attract better and more desirable tenants.

Future plans

You don’t have to decide how to use the land immediately. You can build a home or work on an existing property and decide at a later time what to do with the land.

Low Maintenance

And lastly, there is the simple fact that a brand new home is going to require much less maintenance in its first years than a property that is always very aged.

If you are interested in house and land packages in Cairns and would like to explore your options further, then please don’t hesitate to get in touch with us. If you have any big questions you need answers to before making a decision, then one of our trained and experienced team members here at Michael Hoare Builders will be more than happy to help you out. We look forward to hearing from you.