New Oran Park Land and House packages
Know this:
- Oran Park is situated 45 kilometres south west of Sydney's CBD and 32 kilometres south of Parramatta.
- The suburb is part of the wider south western growth area of the Sydney metropolitan area.
- Be sure to check our other neighbouring suburbs such as: Gledswood Hills, Gregory Hills and Leppington.
Oran Park is located in Sydney's outer south west in a major growth area located just south of the area that will eventually be home to the new Western Sydney airport.
Dubbed the Aerotropolis, it will be a third major region centre - joining the Sydney CBD and Parramatta CBD - for the wider Sydney metropolitan region.
Oran Park, therefore, represents an opportunity to take advantage of the enormous amounts of investment flowing into Sydney's West.
Residents seeking a new house on blocks that have a decent land size are well catered for in Oran Park and developers active in the area offer a range of home design choices.
Likewise, Oran Park town square provides main street shopping and all the other contemporary amenities residents need to function in this family-friendly and new community.
Oran Park has a range of civic facilities complemented by schools, health facilities, sports grounds and several parks dotted around the area.
If you are seeking a modern lifestyle in a region of Australia that is set to be transformed over the coming decades, it is recommended you get in contact with local agents who know the area.
If you would like to refine your search for your new dream home or your next investment, you can get in contact with a qualified sales professional by filling out the form you see on any of the listings on this page.
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 and home loans
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.