Looking to build a new home in one of the Sunshine Coast’s many suburbs? Yandina is located in the Sunshine Coast Hinterlands by the Maroochy River and is one of the oldest towns in the area. Along with heritage buildings and tourist attractions such as The Ginger Factory, Yandina Hotel and Yandina Station, the town is surrounded by the beautiful Sunshine Coast hinterland. Today’s blog is all about house and land packages in the Yandina area. We’ll look at the pros and cons of these deals.
Home builders that are currently offering house and land packages in Yandina
What is a house and land package?
A house and land package is when the purchase of the block of land and the home build is combined into a single process. This usually comes as a result of a deal between the land developer and the builder. House and land packages are very common in development estates.
Advantages of a house and land package
Streamlined Process/ Convenience
Even in the early stages of a build, there is a lot to sort out, especially when it comes to buying land and finding a builder. A house and land package helps reduce your choices and make the
New Houses Attract Tenants
Compared to buying a pre-existing, building a new home is more likely to attract potential tenants. With new, working fixtures, features and decor, you’ll stand out in the rental market, and more likely have your choice of tenants.
Less Stamp Duty and Cheaper than Renovation
One of the big advantages of a house and land packages is you’ll only have to pay stamp duty on the land component of the deal, which could save you thousands of dollars. Renovating an existing property can be a surprisingly expensive project, and worse, you won’t know how much it will cost until you start. When you pull down the walls you may find structural damage, outdated pipes, or other major issues that will result in a cost blowout. A new house is easier to control the costs.
If you’re on a tight schedule, a house and land package will more often than not be quicker than other options, especially bespoke builders.
Drawbacks of a House and Land Package
House and land packages are very popular in new development, however, these estates tend to be in outer suburbs. Depending on when you buy, a lot of promised facilities and features of the area may not be finished for a few years.
Surprises in building can be heart-in-the-mouth stuff, especially when your builder tells you there’s been an update in the costs. Spoiler alert: it’s rare that they’ll tell you the price has gone down. Little things can not only create additional costs, but also delay construction, which is counter-productive if you signed up to a house and land package partly for the quicker build time.
Lack of Flexibility with Layout
This will vary on the builder, but it isn’t uncommon for layouts to be set in stone. Any changes you want to make are going to be costly or outright denied.
Is a house and land package a good choice for first home buyers?
Whether a house and land package is for a first home buyer really depends on the buyer. Your situation and what you’re hoping to achieve will be the biggest influence on what the best for you. For example, anyone with a specific idea for their home or who wants a say in every step of the process will likely become frustrated with a house and land package, and find the whole thing restricting.
Why build in Yandina?
Yandina is an up-and-coming area that still retains its country town character. It won’t be busy, something’s always happening atmosphere of the city, so if you’re used to the fast life, you’ll need to adapt to Yandina’s more relaxed style.
Great opportunity for acreage homes.
Easy access to the Bruce Highway
Home to the Ginger Factory
Land Availability for larger properties
Here are quick statistics about Yandina:
Median Listing Price: $799,000 (House) $349,500 (townhouse)
Median Weekly Rent: $550 per week
Rental Yield: 3.57%
Popular home design options in Yandina?
Single Storey Home Designs
Double Storey Home Designs
Acreage Home Designs
Split-Level Home Designs
We can help you find the best house and land packages in Yandina – free of charge!
At Buildi, we help you find the right builder, save time, reduce stress and stay on budget.
How We Can Help You
Building a home is one of the biggest decisions you’ll ever make. 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.
Review other house and land packages in South East Queensland
Gympie House and Land Packages
Caboolture House and Land Packages