1 Land Estates for Sale in Bacchus Marsh, VIC 3340, and 42 other land estates nearby

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Key West Estate

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1051 Mount Cottrell Road, Thornhill Park VIC 3335

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Bacchus Marsh house and land packages

Here are a few things you should know about Bacchus Marsh:

Bacchus Marsh is a satellite town of Melbourne located approximately 50km west of the Melbourne CBD.
The town's location between Melbourne and Ballarat sees it benefit from the transport networks connecting the two larger cities. There are several Vline rail services to both cities and Bacchus Marsh is made accessible via the Western Freeway.
Land releases occur less frequently than in neighbouring Melton and other western growth suburbs of Melbourne, so registering your interest sooner is key to securing your block or house and land package.

Bacchus Marsh is nestled in a valley near the mid-point between Ballarat and Melbourne with residents having access to a rural lifestyle that is also an easy commute to nearby employment centres.

Several farms dot the landscape around Bacchus Marsh and the extensive town centre caters for all your everyday retail needs.

Neighbouring Melton has several entertainment venues and many of Melbourne's western suburbs are within a 30 minute or less drive.

The local area has several walking trails allowing residents to easily connect with nature in the nearby Werribee Gorge and at the Melton weir.

Several developers who are active in the area offer the opportunity to purchase a site by itself which in turn leaves the responsibility to manage the construction of the house to the buyer.

Likewise, many offer house and land packages - it pays to talk to a sales professional and we aim to make it easy for you to get in contact with agents 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.

1 Land Estates for Sale in Bacchus Marsh, VIC 3340, and 42 other land estates nearby

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