Costs Budgeting & Incentives

A few things to consider when working out your budget and what you can actually afford for the long term:


Where is the land located? Factor in the ongoing costs of regular travel/ commuting and access to required services in the long term before deciding whether the land fits your budget.

What is part of the package?

Many estates provide fencing, front and/ or back landscaping, sustainability features such as rainwater tanks, even a holiday or cash back offers are included.

When considering these offers think about how much you will actually be saving and how much these things might cost if you had to pay for them yourself.

What else is required?

Your lot might require extra earthworks or other works to prepare it for the house building stage.  This might include items such as a retaining wall. Often these are included in the purchase price so make sure you find out from the developer or sales team.

Levies and rates

Some new developments attract special area levies on top of standard council rates due to the superior community facilities such as high standard parks or buildings that residents have access to.

Dependant on your location within a development, such as being within a certain distance from the coast or within a bushfire zone, may also attract added costs for building standards that must be met.

Ask your developer and builder about any potential additional costs associated with building in the location you have chosen.

House building costs

While the lot price is one component of a total home cost, it is important that purchasers consider all of the costs involved in purchasing land and then building.

Ask home builders about what exactly is included when building your new home, don’t just rely on advertised prices. Many advertised home prices don’t include items such as carpets, tiles or curtains. If not included, purchasers will need to budget for these costs upon completion.


Buying a home or building a house may be more affordable than you think. You may be eligible for up to $10,000 in first home buyer’s grant, as well as stamp duty or other concessions.

Government programs such as Key Start or shared equity arrangements may also be available to you, making it easier to achieve your home ownership dream.