House And Land Packages: Are They Worth It?

You need to understand what your budget is (including how much of a deposit you have and how much you can borrow). So then when you are looking at packages, you know exactly what options fit within your budget and the builder or land developer can show you what is available. You can choose between a variable rate home loan or a fixed rate mortgage. Mortgage terms in Australia range up to 30 years, though some lenders are now offering 40-year home loans.
Some lenders offer packages that include some of these costs, while others charge them separately. At Status Home Loans, we provide a comprehensive cost breakdown specific to your situation so you can compare the total expense of refinancing against the potential benefits. We factor these costs into our analysis to determine whether refinancing makes financial sense for you. In many cases, the ongoing benefits of a more suitable loan structure House and Land Package Loans Australia can outweigh the upfront costs, but we ensure you have complete transparency before proceeding with any application. One of the most significant advantages of choosing a house and land package is the streamlined nature of the entire buying process.

It generally comes down to how confident you are comparing loans and taking care of the application admin by yourself. Products shown are based on an owner occupier who is refinancing a $500,000 loan, with principal and interest repayments and an LVR of at least 50%. Products are sorted by lowest interest rate, then lowest comparison rate. You'll be assigned a home lending expert who’ll call you to chat about any features you’d like to include, such as our construction option and splitting your loan. No matter how much planning you do, unexpected costs and delays are sometimes inevitable. So it helps to know regulations, the process and any tips before you start – check out the Australian Government’s yourhome site.
From the vibrant suburbs of Brisbane to the beautiful beaches of the Gold Coast, our house and land packages cater to a wide range of lifestyles and investment goals. Queensland’s tropical climate and laid-back lifestyle make it an attractive destination for families, professionals, and retirees alike. Green Homes Australia offers  a variety of house and land Queensland packages tailored to suit the unique needs of this sunny state. Building a green home isn’t just about sustainability—it’s about smarter living. Our house and land packages are designed to deliver real, everyday benefits. Information and rates are correct as at 8 June 2026 and are subject to change.
Our tables feature all home loans available from lenders on our database that match the search criteria selected. Partner lenders with loans marked as ‘sponsored’ may pay a commission to Money.com.au if you click to visit their website.  While we make every effort to ensure all home loans available in Australia are shown in our comparison tables, we do not guarantee that all products are included. Jared Mullane is a finance writer with more than a decade of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).

This is one of the biggest financial benefits of house and land packages! The activation of construction loans and the start of construction are triggered by land settlement. Frequent progress checks guarantee that quality criteria are met and payment milestones are reached.
Before we begin, you can explore our first home buyer home loan guide if you want a broader overview of the lending process. Never thought that owning our own home would ever become a reality as we had tried before and failed because of financing. A simple online enquiry with little hope and just wishful thinking really brought us Shawn Lewis, an excellent consultant, he is very well informed of the whole process. We follow a tried and tested process to ensure your house is completed  within budget, and to the highest quality. Decide on a weekly budget, choose your favourite location and ideal house size.
You will then pre-select the design of your home from a selection of options. This streamlined process often results in cost savings, more straightforward financing options and a more streamlined process overall. During construction, you'll only pay interest on the amount drawn down from your loan facility. This feature helps manage cash flow during the building phase, as you're not paying interest on the full loan amount until construction is complete. Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan.

Consider a buyer purchasing a $600,000 package in the new estates around Marsden Park or Box Hill, where land might settle at $300,000 and the construction contract sits at $300,000. At land settlement, you're only paying interest on the land portion. As each stage of the build is completed and inspected, the lender releases the next draw. Your repayments increase with each draw, then convert to principal and interest once construction finishes and you move in. With a house and land package, your loan is drawn in stages through construction loan progress payments.
Once the construction is complete you then start paying principal and interest, unless you have opted for an interest only loan. Alternatively, you can buy whats referred to as a “turnkey package”, or a “turnkey home”. From construction of the house itself, right through to landscaping, fences, and even the letter box.

When you purchase an existing home, you only need to take out a regular mortgage loan. Whereas, with the house and home packages, you are required to take out two loans that are generally bundled together as part of the fixed price. These two loans include a regular mortgage on the land and a construction loan for building the house.
In terms of deposit requirements, take into consideration the average cost of house and land packages being built in the West where property investment is on the rise. When tackling a house and land package, it is crucial to take the appropriate initial actions. Many lenders are aware of the dual-contract process these packages entail and provide customised solutions.
Our new house and land offers include the block of land and the home design of your choice. Some people find a block of land first and then seek house plans to fit. We’ll find the house, the land, even finance, and we’ll keep it within your budget. The beauty in choosing a house and land package vs purchasing an existing home, is that you get to choose the design theme of your home and tailor it to your taste. At Coral, we have a team of talented Interior Designers that assist you with selecting all of the colours, fixtures, fittings and more for your home, exactly how you like it.

The situation is also quite similar on the north side of Brisbane where there’s quite a few new Delphin estates such as North Lakes and Mango Hill. Other areas might include Springfield Lakes, Augustine Heights, and Brookwater. One of our home loan specialists will then be in touch  to progress with your application.