New house and land packages and land for sale Springfield
Know this:
The Springfield region on Brisbane's southern flank has been a growth story for over a decade.
Several new neighbouring suburbs have sprung up next to Springfield Central which acts as the economic, services and transport heart for the area.
There are several new land estates under development including the Springfield Rise Estate, Kalina Springfield and The Peninsula Estate.
The land size of the blocks for sale in Springfield are diverse enough to suit various property types and new residents seeking to build their dream home have a wide array of designs to choose from.
The services offered to residents of Springfield are vast with Westfield Springfield anchoring a very large retail and economic precinct and several medical facilities are located to the south of the main retail core.
The Queensland government has also established several new schools in the area, giving the community choice.
If you would like more information, it is recommended you register your interest by filling out the form you see on any of the listings on this page.
Doing so will allow us to put you in contact with an agent sooner.
You can also track the progress of any listing you see on this page. Simply select track project and we'll update you with the latest news on the project.
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.