New real estate and Narre Warren land for sale
Know this:
- Narre Warren is an established suburb in Melbourne's southeast that still has limited land releases on the suburb's fringe.
- Located approximately 40 kilometres southeast of Melbourne's CBD, Narre Warren is home to the major regional shopping centre of Fountain Gate and is about to receive a major injection of public sector investment in transport.
- Check out other nearby suburbs which regularly feature land releases: Narre Warren South, Cranbourne East, Clyde North and Berwick.
New property in Narre Warren has over the years been progressively developed bit by bit across Narre Warren, Narre Warren South and Narre Warren North.
New properties for sale in Narre Warren generally tend to be detached houses, however some developers offer units and townhouses in certain locations.
As the suburb is well-established, there are a plethora of amenities that residents have access to. The city is within easy reach and there is of course, Fountain Gate, Casey Arc and Bunjil place all within 5 minutes of each other in the heart of Narre Warren.
We aim to make it easier for you to find your new dream home or next investment here at Urban.
If you would like to refine your search, you can do so by using the filters fields at the top of the page.
Need extra bedrooms or bathrooms? We have a filter for that.
Getting in touch with an agent so you can discuss your ideal site requirements - such as having enough land for a swimming pool - is easy.
Simply fill out the form you see on any listing you see on this page and will connect you with a qualified sales professional.
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.