House and land packages: how they work and what you should know? | Exford Waters | Melton Real Estate


House and land packages: how they work and what you should know?

What is a House and Land Package?

A house and land package is a bundled deal where you purchase the land and house in a single transaction. Essentially, you are buying a lot of land with a ready-to-build home.

House and land packages have become increasingly popular in Victoria due to the many benefits you can get from these unique properties. This blog explores the all-important question: are house and land packages worth it?

Built by some of Australia’s leading builders, house and land packages at Exford Waters offer cost-effectiveness, a prime location and a peaceful way of life within a masterplanned community.

How do House and Land Packages Work?

House and land packages are one of the easiest ways to buy a property in Victoria. The process starts with you choosing your desired land location within the estate. After selecting your lot, the Sales Consultant will present a design tailored to the size of your block, ensuring a perfect fit.

The construction process itself can take between 6-12 months, depending on the size and complexity of the dwelling. Typically, a house and land package is financed by combining two loans into a single bundle. The land purchase is a standard transaction with a regular mortgage. The second loan is categorised as a construction loan. During this type of loan, a predetermined amount, referred to as a ‘draw down’, is disbursed at each stage of the building process. By utilising this approach, you ensure that the interest you pay is solely based on the current amount spent on constructing your new home.

Are House and Land Packages worth it?

There are a number of benefits to purchasing house and land, including:

  • Affordability
  • Thoughtful Design
  • Minimal Maintenance 
  • Community Living


One of the key benefits of house and land packages is that they can

be more affordable in comparison to pre-existing properties. 

House and land packages at Exford Waters start from  $471,100 for a 3 bedroom, 2 bathroom home, located within the heart of our community. 

Thoughtful Design

Your brand new house will be meticulously and thoughtfully designed to perfectly complement the unique characteristics of the land it is purchased with.

Every detail, from the architectural elements to the detailed finishes, will be carefully considered to create harmony between your new home and its surroundings. You can expect a home that reflects your style, preferences and seamlessly integrates with the natural beauty of the environment. 

Exford Waters has expertly curated their house and land packages to smoothly blend with the picturesque surrounding landscape, allowing you to revel in the serenity of riverside living.

Minimal maintenance

When you opt for a newly constructed home, your repair and maintenance costs will be much less in comparison to an existing property. This will significantly reduce the financial stress as you take the exciting step of moving into your new home.

With a fresh and pristine property, you can embark on this exciting chapter of your life with peace of mind and confidence in your investment.

Community living

With established parks, public transport and retail options all on your doorstep, life at Exford Waters offers convenient, connected living. 

This enticing combination makes it an appealing choice for for all homebuyers, particularly those seeking a close-knit, family-friendly community.

If you’re looking for a property that ticks all the boxes, a house and land package at Exford Waters is the perfect fit for you. With numerous perks, including affordability, thoughtful design, minimal maintenance cost, and a tight-knit community, they offer an all-encompassing living experience.

With all the benefits of a house and land purchase at Exford Waters it truly is a worthwhile investment allowing you access to riverside living at it’s best. 

If you are looking to make the move, Exford Waters has a range of house and land options available for all buyers and lifestyles. To discover more, contact us on 1800 777 800 or visit our Sales Office.

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