Ripley Valley house and land packages
Know this:
- Ripley is located 33 kilometres southwest of the Brisbane CBD.
- Situated only 9 kilometres from the centre of Ipswich, residents of Ripley have access to a wide range of amenities.
- Be sure to check out other neighbouring suburbs: Redbank Plains and Springfield.
Buying a Ripley house and land package in a master planned community is very common with several developers in the area offering them.
Ripley Town Centre is itself growing and provides a wide range of services to the local community.
Along with South Ripley, residents have a lot of choice on which to build their dream home. The region has easy stress free access to the Centenary Highway as well as other transport infrastructure servicing Ipswich.
As a developer conducts a land release, those wanting to build a new house need to be prompt in securing their block of land.
We aim to make things easier for you to do this on Urban and registering your interest by filling out the form you see on any of the listings on this page will enable us to get you in contact with an agent sooner.
What is a house and land package?
There are broadly two types of house and land packages: Turnkey and Standard.
A turnkey house and land package is where a developer sells you a piece of land, builds a house and at the end of that process, hands you a key.
You literally turn the key in the door and the home is yours. This process generally has several involved meetings with the developer before construction begins so they can take into account any preferences you have.
Note: while developers will offer some choices - like colour schemes, flooring types, appliances (and prices will reflect those options), turnkey solutions are designed to keep costs to a minimum and as a result there is, broadly speaking, less choice in how you want your new home to be presented.
Standard house and land packages are more involved and at a high level, they involve you purchasing the land like any normal real estate transaction (with or without a mortgage) and then you can build the house at a later date.
This gives you a lot more options in how you want your new home to look and feel - you can customise a lot more - however you, as the buyer, are more involved with the construction and you need to manage more during the life of purchasing.
Financing
Always seek professional advice on securing financing for your property purchase.
Financing for house and land packages can differ depending on the type of package you intend to purchase.
For turnkey house and land packages, the purchase price tends to be fixed and, broadly speaking, the loan you will need to qualify for will generally be a normal home loan - complete with requirements to have a 20% deposit before being subject to LMI.
For standard house and land packages, you will, broadly speaking, deal with two different loans. Firstly, you have to purchase the land and this is where you will, generally speaking, need to have a 20% deposit in order to not be levied with LMI.
Secondly, your financial provider will supply you with a ‘construction loan’ that you draw down on as you pay contractors at different stages of the home’s construction.
This advice is high-level in nature and always consult a mortgage broker or broker at a bank to get tailored advice that best suits your budget.
We aim to make things easier for you to find your new home here at Urban.
Be sure to refine your search in order to find projects that best suit your requirements.
If you register your details on the form provided on any of the listings you see on this page, it will enable us to connect you with an agent or other qualified sales professional sooner.