New Deanside estate, house and land packages
Know this:
- Deanside is a boutique community with easy access to the Melbourne CBD approximately 25 kilometres away.
- The suburb is conveniently located near adjacent established suburbs and amenities in Melbourne's West.
- Check out other nearby suburbs: Hillside, Plumpton, Fraser Rise Truganina and Bonnie Brook.
Deanside, located close to Caroline Springs, in Melbourne's west is a new suburb will enjoy easy access to the city and other regions of Melbourne via the Western Freeway and railway line through Caroline Springs, Rockbank and Cobblebank stations.
The area was designated a new suburb in 2017 and is proudly developed by many active stakeholders.
The Kororoit Creek runs through the area and the suburb will host a linear green space right through it.
The Victorian government has invested a large amount of money in building new education facilities in the area, including primary and secondary schools.
Deanside is within easy reach of other major amenities and facilities in Melbourne's West such as Watergardens Shopping Centre, Melton and all its entertainment and shopping facilities as well as Caroline Springs located next door.
We aim to make things easier for you to build the dream home you want to suit your lifestyle and convenience.
The best way that we can speed up your property buying journey is if you register your interest using the form you see on any of the listings on this page.
By doing so, we can put you in contact with an agent who can then hear and discuss your requirements.
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.