New Berwick land sales
Here are a few things you should know about Berwick:
- Berwick is located in the heart of Melbourne's thriving south east, approximately 40 kilometres south east of the city centre.
- Berwick is an established suburb that is seeing some of its last remaining land releases neighbours several new developing suburbs like Clyde North.
- The suburb and wider region is popular with growing families who either are seeking vacant land or a house and land package to build their new dream homes.
Developers who are active in the area include Frasers Property Australia, Mondous Property Australia and Stockland. Several of the new land estates in the area have extensive community facilities included as well.
Schools in the area include Hillcrest Christian College, Berwick Secondary College and the Victorian Government has plans to build several new primary schools in Berwick south and Clyde North.
Despite being located in Clyde North, Berwick Waters is an active development area with some of the final land releases currently underway.
Building a brand new home in Berwick provides excellent access to many different open spaces that exist both within Berwick and adjacent to it.
In the immediate area, Berwick's high street has several dining and entertainment venues as well as other retail services, the Casey Hospital has developed into a regional medical hub and Fountain Gate shopping centre is a short 10 minute drive from Berwick.
We aim to make things easier for you to find your new home, your next home or next investment property.
To refine your search, be sure to use the filters located at the top of this page. And likewise, registering your interest using the form provided on any of the listings you see on this page will ensure we put you in contact with a qualified sales professional sooner.
If you are seeking to buy in a forward thinking community designed estate in Berwick, we aim to help you achieve that goal.
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.