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Top 4 Reasons Why You Should Buy a House and Land Package in Sydney

08 July 2021

Deciding to purchase a house and land package in Sydney is, undoubtedly, a major decision. You worry about choosing the best location, wondering whether you will want to live in the location you select for the long-term. Understandably, you need some time and serious thought to make your final decision to buy.

Yet purchasing a house and land package reveals your true level of financial independence. It also shows your desire and commitment to creating and maintaining a stable lifestyle and better home life. Buying a quality house and land package will be a good investment and will give you a feeling of security once you own your land estate.

Top Four Reasons for Buying a House and Land Package in Sydney

Four leading reasons for purchasing a house and land package in Sydney include the following:

  1. Enjoy Cost-Savings. Often, first home buyers are eligible for government grants and incentives, such as the First Home Loan Deposit Scheme, that can make acquiring property simpler and easier. You can also save on stamp duties connected to house and land packages. You may be able to save as much as $10,000 in stamp duty. This is mainly because, in this instance, stamp duty applies only to the land since the house has not yet been constructed.
  1. Select Your Block and Customise Your Home. You can choose your property block and create a customised home design. Whether you intend to live in this home when it is completed or to offer it to renters, you can determine the overall design. This can be a special advantage if you already have a target market in mind for renting this property.

You may want to include such elements in your new home design as solar panels for conserving energy, a unique swimming pool design, luxurious landscaping and drought-resistant plants. You can also decide on the finish for your home’s exterior, which can affect its curb appeal.

  1. Benefit from a Safe Property Investment. House and land packages are known to be safe, reliable real estate investments. Newly built houses have a builder’s warranty, which covers the house, the fittings and the fixtures.
  2. Claim Tax Deductions. When you purchase a house and land package, you claim tax deductions for assets that can depreciate. This can cover fixtures and fittings, construction costs and other expenses. You may be amazed at the amount of money you can save each year from buying a house and land package rather than an existing home.

When you contact our experts at Olympia Homes located in Alexandria, NSW, you will receive detailed information about current house and land package deals in Sydney. Our experienced professionals will guide you in selecting the ideal package to ensure that your new home is a truly beautiful, lucrative and rewarding investment.

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