New Mickleham estates and land packages in Melbourne's North
Here are a few things you should know about Mickleham:
- Mickleham is located approximately 30 kilometres north of the Melbourne CBD.
- Located in the fast growing northern growth corridor, Mickleham along with Greenvale, Donnybrook, Kalkallo, Beveridge and Wallan are all seeing rapid development.
- Mickleham also has a burgeoning employment precinct.
Mickleham is one of the new northern suburbs of Melbourne that sits just within the metropolitan area's urban growth boundary.
With direct access to the city via the Hume, and Donnybrook railway station located on the other side of the Hume Freeway, Mickleham is an accessible growing suburb.
The Victorian Government is also heavily investing in new school infrastructure in the region with the Mickleham primary school set to be relocated to a larger site as well as several new government and independent schools planned for the area.
There are a variety of new estates in Mickleham with several developers offering land for sale as well as house and land packages catering to new home buyers as well as next home buyers and investors.
The are has easy access to well-established amenities and facilities in neighbouring Craigieburn and along with rapidly developing Donnybrook to the west of Mickleham, a significant amount of new retail, entertainment and medical facilities are being built to serve the community.
We aim to make things easier for you to get in contact with a member of a qualified sales team here at Urban.
Our clear vision is to allow you to keep track of the latest news on different projects and we highly recommend you register your interest in a project by using the form provided on any of the listings you see on this page.
Getting in contact with an agent will allow you to discuss the home design features that are available in a specific house and land package as well as allow you to get a clear understanding of the future services that will be built in your new estate.
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.