House and land packages are an undeniably attractive option for those looking to purchase their first (or next) property. And what makes them so attractive? Well - the properties are typically built in new estates around local communities, come with all of the right amenities, and can end up being more affordable than purchasing a block of land and building, or purchasing an existing home.

The contracts and terms of a house and land package is where most people get stuck. At Keir Constructions, house and land packages are among some of our most popular options for Townsville locals - so we’re well placed to provide more insight into how house and land packages work, and what the difference is between a package and buying off the plan.

What is a house and land package?

Killing two birds with one stone - that’s what a house and land package is. It’s when a buyer purchases both the block of land and the house in one transaction. 

House and land packages primarily become available as new land is developed. Speaking generally (very generally), house and land packages are an affordable option because the houses are typically built in new community estates, and the builder sells directly to the homeowner, cutting out the middleman (the real estate agent).

How does it work? 

A house and land package still requires the purchase of both the land and the house, only, it’s bundled together in one transaction. It makes the process more simple, particularly for those who are new to building or buying property. There are still two contracts, and each purchase is financed separately. However, the entire transaction occurs in one process.

Standard house and land packages will include the standard inclusions - a complete kitchen, bathroom, windows and doors, electrical points, and tiles - others will offer more customisation with the choice of different design layouts. Builders may also provide additional landscaping, driveways and other design inclusions that will vary from company to company.

Are there disadvantages of a house and land package?

The disadvantage of a house and land package is that everything is already complete - all in one package. Some want to build their home from scratch, whereas a house and land package includes a pre-selected design, layout, and material finishes. With standard builds, there can be less options for customisation - but it all comes down to the builder you work with/purchase the house and land package from. 

The benefits of a house and land package are that a) it’s a simplified process, b) you get to secure a great piece of land before it goes to market, c) it’s a cost-effective way to buy a new house, and b) you get to work directly with the builder.

What’s the difference between off the plan, and a house and land package?

There are similarities (a new house), but the main difference is that with a house and land package, you own the land when purchased, and the land ownership is transferred when contracts are signed. With an off-the-plan, you don’t own anything until settlement has been completed.

Do you pay stamp duty on a house and land package? 

Yes - but stamp duty can be minimised when you buy a house and land package in Queensland. If the house is yet to be built, stamp duty is only payable on the land component. When getting finance for a house and land package, be sure to check with your lender - they can provide more guidance on whether you’re able to get a stamp duty exemption, concession, or how much of the transfer duty is applicable with the package you’re buying.

House & land packages with Keir Constructions

Our Townsville house and land packages span the local communities of Jenson, Elliot Springs, Bohle Plains, Rasmussen, Mt Low, Mt Louisa, Jensen, Shaw, Alice River, and Kelso. The houses we design and build in these new and thriving estates range from modern and contemporary, to charming and classic - we have a property and home design to suit the most discerning of tastes. The team at Keir Constructions have been awarded as North Queensland’s Most Professional Builder five years in a row - but transparency and exceptional quality of our work is where our dedication lies.