Deciding between building a brand-new home with a house and land package or purchasing an established home is one of the biggest choices homebuyers face. Both options come with their own benefits and challenges, so it’s important to consider your budget, lifestyle, and long-term goals before making a decision.

At Stop Renting Perth, we specialise in helping renters become homeowners faster by offering affordable, fixed-price house and land packages. But we know that some buyers prefer the convenience of an already-built home. So, which option is best for you? Let’s break it down.

What Is a House and Land Package?

A house and land package is a streamlined way to build a new home. Instead of buying land separately and then hiring a builder, you purchase a package that includes both.

With Stop Renting Perth, our house and land packages include:

• A pre-selected block of land in a sought-after suburb
• A professionally designed home built to suit the block
• Fixed pricing with no unexpected costs
• A simplified process that fast-tracks homeownership

House and land packages are particularly popular among first-home buyers, as they come with potential stamp duty savings, customisation options, and access to government grants.

What Is an Established Home?

An established home is a property that has already been built and lived in. These homes are ready to move into immediately and are available in a wide range of locations across Perth, including older suburbs where land is no longer available for new developments.

Buying an established home involves purchasing an existing property, negotiating price and contract terms, paying stamp duty on the full purchase price, and potentially renovating or upgrading to suit your needs.

While established homes offer immediate availability, they may come with hidden costs, maintenance issues, and limitations on design.

Comparing House and Land Packages to Established Homes

Upfront Costs and Affordability

House and land packages offer significant cost savings, particularly for first-home buyers. Stamp duty applies only to the land, not the full house price, reducing the upfront cost. Buyers may also qualify for the First Home Owner Grant (FHOG) and stamp duty concessions. With fixed pricing and low deposit options, house and land packages make it easier for renters to transition into homeownership sooner.

Established homes come with higher upfront costs. Full stamp duty applies, which can add tens of thousands to the purchase price. Older properties may also require renovation and repair costs soon after purchase, adding to the financial burden.

For affordability, house and land packages are the better option, especially for first-home buyers.

Customisation and Design Flexibility

House and land packages provide more control over the home’s design, allowing buyers to choose from over 50 customisable layouts. Working with an in-house design team, buyers can adjust fittings, finishes, and layouts to suit their needs. New homes also incorporate modern, energy-efficient features, reducing long-term utility costs.

Established homes come with pre-existing designs that may not suit a buyer’s preferences. While renovations can help improve functionality, they come at an added cost. Older homes also tend to be less energy-efficient, leading to higher power and water bills.

For design flexibility and modern living features, house and land packages offer the best advantage.

Land Availability

House and land packages are primarily available in high-growth suburbs across Perth, such as Baldivis, Byford, Yanchep, and Wellard. These areas offer new infrastructure, schools, and lifestyle amenities. Buyers may need to move further from the city centre, but they have the benefit of securing land in an emerging suburb before property prices rise.

Established homes are found in all areas, including inner-city and older suburbs. If a buyer prefers a specific established neighbourhood, purchasing an older home may be the only option. However, these homes often come at a premium price, particularly in highly sought-after areas.

For those looking for affordability and growth potential, house and land packages are a better option, while those prioritising central locations may lean toward established homes.

Build Quality and Maintenance Costs

House and land packages feature brand-new construction, meaning buyers receive a home with modern building standards, warranties, and minimal maintenance requirements. New homes also meet the latest energy efficiency regulations, reducing long-term running costs.

Established homes often come with wear and tear that may require immediate attention. Plumbing, electrical systems, and structural elements may need upgrading, leading to unexpected expenses. While an older home’s character can be appealing, maintenance costs can add up quickly.

For buyers looking for a low-maintenance, modern home with energy-efficient features, house and land packages are the preferred choice.

Investment Potential

House and land packages can provide strong investment potential, especially in high-growth areas. As new suburbs develop, property values tend to rise. Additionally, a brand-new home is attractive to renters, offering the potential for strong rental yields.

Established homes in desirable locations can also be good investments, particularly in areas with strong demand. However, older properties may require renovations to remain competitive in the rental market.

For long-term growth, both options have potential, but house and land packages offer better value in up-and-coming areas.

Which Option Is Right for You?

Choosing between a house and land package and an established home depends on your personal situation and goals.

A house and land package is ideal if you:

• Want a brand-new home with modern features
• Prefer a customisable home design
• Need to maximise government grants and stamp duty savings
• Want a low-maintenance property with energy-efficient technology
• Are looking for affordability in high-growth suburbs

An established home may be the better choice if you:

• Need to move into a home immediately
• Prefer a central or well-established suburb
• Are comfortable with potential renovation costs
• Want an older home with character and unique features

Take the First Step Toward Homeownership

If you’re unsure which option is right for you, Stop Renting Perth can help. Our team specialises in making homeownership accessible, guiding you through the process, securing finance, and helping you find the right home for your needs.

Call us today or register your interest online. The sooner you start, the closer you are to owning your own home.