New land packages and land for sale in Armstrong Creek
Here are a few things you should know about Armstrong Creek:
- Armstrong Creek is a growing southern suburb of Geelong, located approximately 10 kilometres south of the city centre.
- It is situated midway between Geelong's city centre and the surf coast towns of Torquay and Jan Juc.
- There are many other southern suburbs of Geelong that have new land releases and land buying opportunities, these include: Torquay, Curlewis, Grovedale Ocean Grove, and Charlemont.
Armstrong Creek is a vibrant community that is one of the fastest-growing regions in Greater Geelong, Victoria and Australia.
Home buyers are attracted to the area because of its proximity to Geelong, proximity to the Surf Coast and affordable properties available in land packers or as blocks for sale.
Residents of the area have excellent access to a range of lifestyle opportunities that come along with living near the surf coast and access to Melbourne is made easy via the Princes FWY or Vline services to Melbourne.
Several developers are active in the area; there's a Villawood community in Armstrong Creek, others include Jinding, Dennis Family Corporation and APD Projects.
The Victorian Government recently completed the build of the Oberon High School which will directly serve the Armstrong Creek community and similarly the Armstrong Creek School (Primary) was completed and opened in 2018.
We aim to make things easier to help you find your dream home or next investment on Urban.
Registering your interest using the form on any of the listings you see on this page will help us put you in contact with agents and other qualified sales professionals sooner.
Armstrong Creek is a fantastic community for families with several blocks and estates selling house and land packages where you are surrounded by excellent amenities and community facilities.
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.