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What is a House and Land Package?
A house and land package is a convenient property purchase option that includes both a block of land and a newly built house. This type of package is particularly appealing to first-time home buyers and investors looking to expand their portfolios. By combining the purchase of a new home and its land into one streamlined transaction, home and land packages simplify the home buying process. This approach allows buyers to focus on finding their perfect house and land combination, ensuring a seamless journey to home ownership.
Benefits of House and Land Packages
House and land packages offer a multitude of benefits, making them an attractive option for many homebuyers. In South Australia, purchasing a house and land package can lead to significant savings on stamp duty. Buyers only need to pay stamp duty on the land component before construction begins, which can result in substantial financial savings. This makes house and land packages a smart choice for those looking to maximize their investment and reduce upfront costs.