0 Off the Plan & New Land Estates for Sale in Fraser Rise, VIC
Developments
New apartments
New Fraser Rise estate and land packages
Know this:
- Fraser Rise is located approximately 25 kilometres west of the Melbourne CBD.
- This new local community has an abundance of green spaces and is situated very close to nearby suburbs like Caroline Springs that have well-established services and amenities.
- Check out other nearby suburbs: Hillside, Plumpton, Deanside and Bonnie Brook.
New home buyers in Fraser Rise become part of a rapidly growing local community in Melbourne's West.
In 2017, Fraser Rise was named and created along with several other new suburbs in the City of Melton.
Those seeking to build their dream home in Fraser Rise have a wide array of land and home design options with several developers active in the area.
A family seeking a new house in the area will benefit from major rounds of state government investment in schools and the recently upgraded train line through Caroline Springs and Rockbank stations.
The area is surrounded by many natural features that have been left unchanged, and in some cases enhanced with creek-side walking and bike trails.
Local shopping facilities are scattered through the area with a large regional shopping centre located at Watergardens.
If you're seeking a new lifestyle and a new home that is an easy walk from schools and other amenities, you can start your property journey with us here at Urban by filling out the form you see on any of the listings on this page.
By registering your interest, we can put 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.
We're on a mission to radically improve the quality of Urban communities being developed across Australia.
We aim to showcase every development in Australia to help you find the perfect new home!