The Benefits of a House and Land Package in NSW & QLD
Buying land and building a new house can be a complicated process. Hudson Homes offers to streamline and simplify the process with one convenient and affordable land and house package. We also answer your most pressing questions about buying house and land packages in New South Wales and Queensland. Do you pay stamp duty on land? Do you pay stamp duty to build a house? How do house and land packages work? Why is stamp duty paid on land or house? Keep reading to get all the answers.
How Do House and Land Packages Work?
House and land packages offer the buyer the advantage of being able to purchase both the land and the future house through a builder. The first part of the transaction is the purchase and transfer of land to the buyer. The second, is the contract with the builder to build the specified house. Hudson Homes has properties available in many desirable housing estates in Queensland and New South Wales and can help to assist you in purchasing your brand-new home.
The Benefits of Buying House and Land Packages with Hudson Homes
A key reason why a house and land package interests first home buyers is that it can be purchased with a low initial deposit. House and Land packages are affordable because the houses are located on new housing estates, and the builder is selling directly to the homeowner, not through an agent. It is also convenient to purchase a house and land package from a single company. With Hudson Homes, you have a dedicated new home consultant to take you through the stages of your purchase. They will assist you to choose the features that you want in your house. Buyers are required to pay stamp duty on land only. If you choose Hudson Homes for buying house and land packages, you will be selecting a reputable award-winning builder. Hudson Homes also offers a Fixed Price and Time Frame Guarantee and 7-year warranty on our houses.
How Much Can Investors Save with a Land and House Package?
A House and Land Package offers good value for money. You will be making stamp duty savings because there will be no stamp duty on the house, just the land. Your initial property purchase is likely to be much lower than a property in an established area. You can save thousands on tax depreciation of your new home and contents if you are purchasing it as an investor. Sometimes these savings are even greater than the savings on the stamp duty on house and land package.
Financial Tips: Do You Pay Stamp Duty on Land? Do You Pay Stamp Duty to Build a House?
Stamp duty on a house and land package is only calculated on the land portion. Why is stamp duty paid on land or house? Well, stamp duty is a tax on a property transfer. This means that you pay tax on the land as it is transferred into your name. There is no property transfer on the house, as it is not built yet.
Get in Touch with one of Hudson Homes’ new home consultants today and choose from hundreds of classic designs in some of the best new housing estate locations in Australia. Contact us online or call the team on 1300 246 200 to build your dream home.