New Greenvale Estates and community facilities
Here are a few things you should know about Greenvale:
- Greenvale is situated 21km northwest of the Melbourne CBD and is located northeast of Melbourne Airport.
- Greenvale is located next to several fast-growing suburbs like Mickleham.
- The well-established Greenvale Shopping Centre and Greenvale Primary School will be joined by more retail and education facilities as the suburb grows over time.
Greenvale is located a short distance from Melbourne airport and has easy access to the Melbourne CBD via the Tullamarine Freeway and the soon-to-be-built Melbourne Airport Rail Link.
The area has several established schools serving the growing community and the region is adorned with several walking trails, parks as well as community facilities surrounding Greenvale Reservoir.
Several developers are active in the area offering land sales as well as house and land packages.
Nearby suburbs like Craigieburn and Broadmeadows have a range of other amenities to support your lifestyle and your family needs.
If you are seeking to buy a new land lot to build your new dream home, then we aim to make things easier at Urban.
If you would like to refine your search, be sure to use the filters located at the top of this page.
Likewise, be sure to use the form to register your interest for more information so we can put you in touch 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.