Looking to move somewhere in the Brisbane area? Then perhaps a house and land package in Capalaba is the answer for you. Capalaba is an urban suburb that’s part of the Redland Bay area. Known for being the home of many major businesses and local shops, Capalaba has all your service needs covered. It’s close-ish to the Brisbane CBD, being about a 30-minute drive off-peak, it’s not a long drive if you ever want a day in the city. So, let’s take a closer look at the pros and cons of house and land packages.
Home builders that are currently offering house and land packages in Capalaba
How We Can Help You
Building a home is one of the biggest decisions you’ll ever make in your life. At Buildi, we’ll be there throughout the entire building process, guiding you step by step so you can avoid any pitfalls. We will help you by following these steps.
- Free Consultation – We will sit with you to understand what you are looking to accomplish.
- Due Diligence – We work with you to ensure you’re buying the right block of land at the right price without hidden problems.
- Builders tender – We will take your requirements out to the market of builders and they will bid to win your business.
- Present solutions – We will compile the top 3 options and present you with a comprehensive proposal on builders’ strengths & weaknesses along with prices and specifications.
- Contract Signing – We will work with you and your selected builder to ensure there is full transparency in what you are entering into.
- Building your home – We work closely with the builder to ensure all service levels are met and your project is on schedule.
What is a house and land package?
A house and land package is pretty much what it sounds like. Whereas it is common for people to purchase a vacant lot and then search for a builder, when you buy a house and land package, you’re buying an empty lot that already has a builder attached.
Advantages of a house and land package
Shorter Construction time
All the details of a house and land package are well-planned. You’ll most likely be offered one of the builder’s most popular designs and the whole process is more streamlined. A custom home requires more decisions, plus your builder is working from a completely unique design. Of course, the important thing is you end up with a house that’s perfect for you, but for quick build times, house and land packages are a great option.
Less Stamp Duty
Unlike when you buy a pre-existing house, you’ll only need to pay stamp duty on the land proportion of a house and land packages.
Drawbacks of a house and land package
The streamlining of the building process will come at a cost of having less flexibility.
No matter what method you choose when it comes to building your house, always be vigilant when it comes to the details of what’s covered in your quoted price. When you visit a display home or see pictures online, it’s easy to be misled as to what is a standard inclusion and what isn’t.
Is a house and land package a good choice for first-home buyers?
There are benefits to buying a house and land package that will appeal to first-home buyers. You’ll get an opportunity to be in a new, developing community, surrounded by recently built houses. However, the truth is the best approach to building the house will depend on your own personal circumstances. If you have a specific location in mind, especially if it’s an already established neighbourhood, a knock-down rebuild would be a better option. If you’re after a unique design, then a bespoke builder would better suit you. A house and land package suits those who want a reliable, liveable house in a nice area.
Why build in Capalaba?
Building a new house and property in Capalaba will be cheaper than a lot of other suburbs, particularly those closer to the CBD. There is a lot of land available in the area, so you may wonder why go with a house and land package. It’s a quicker option and doesn’t require you to search for a builder to suit your land.
- Good medical facilities
- Parks and recreation
- Easy access to a variety of services including retail, cafes and a variety of businesses.
- Can be a lot of traffic
- Not much nightlife
Properties in Capalaba have a lower median price than a lot of areas
Median House Price: $744,500 (up in 6.20%)
Unit median price: $385,00
Average rent: $535
Rental Yield: 3.73%