New vacant land and land for sale Point Cook Vic 3030
Know this:
- Point Cook is situated 22 kilometres south west of Melbourne's CBD.
- The suburb has been developing over the past decade with several notable estates having been created, such as Sanctuary Lakes.
- Point Cook is part of the wider fast-growing western region of Melbourne. Consider checking out surrounding suburbs like Truganina, Tarneit and Manor Lakes.
Point Cook has been under development for more than a decade and continues to see new land releases and different property types built throughout.
Some of the more recent estates such as Upper Point Cook take advantage of the proximity to the Princes Freeway and others such as the Catalina Estate are nestled nearer to Port Phillip Bay.
Those seeking to buy in a master planned community are well catered for in the region, with several developers active in the area.
Buying vacant land or house and land packages near Port Phillip is a rare opportunity and Point Cook has them.
We aim to make things easier for you to find your new family home or your next investment here at Urban.
Investors and first home owners alike are recommended to use the form you see on any of the listings you see on this page to get in contact with an agent.
You can also subscribe to receive a property alert if any changes are made to the listing.
To take advantage of the generous land size properties in Point Cook, be sure to register your interest and start your property journey.
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.