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  • The joy of building a new home


    For many Australians, the dream of home ownership can be interrupted by a lot of things, but few could be more frustrating than simply being unable to find that ideal house for sale. You've scrimped and saved to build your deposit, are all prepared to speak to your mortgage manager about finance and have started the house hunt with a smile on your face and a spring in your step.

    But when you actually start looking – nothing. No homes for sale quite match what you're after, and you haven't worked hard for years to get here, only to have to settle for something less than you want.

    If this situation sounds all too familiar, perhaps it's time you considered building a new home, rather than buying an existing one.

    Building a new home can ensure you get what you want.Building a new home can ensure you get what you want.

    Join the club

    Due to the somewhat limited supply of available housing in Australia, one of the factors pushing median house prices up in recent years, a large number of people are choosing to build brand new homes. In November 2015 alone, there were almost 18,000 construction approvals across the country, according to figures from the Australian Bureau of Statistics. 

    Luckily, to drive the construction industry, some state and territory governments have their own new home grant scheme to incentivise choosing to build rather than just buy. In NSW, for example, there's a $5,000 grant for new homes, buying off the plan or even vacant land where a new home will be built, while in the ACT you could pocket $10,000 for a brand new property.

    Whether you're buying your first home or moving to a new property, there are plenty of reasons why you should think about building from scratch.

    There are plenty of reasons why you should think about building from scratch.

    The benefits of buying new

    As with anything you might be purchasing, buying something brand new has distinct advantages over buying used. With a brand new home, your maintenance costs are likely to be reduced, and as long as your home has been built by an accredited professional, such as a member of Master Builders Australia, you can assume a level of quality and guarantees which can set you at ease.

    While not true in all cases, a lot of times you will also be able to design the home you want. If you have been struggling to find everything you're looking for, having control over the layout, materials, even energy efficiency of your new home can be a wonderful thing. 

    If you are home and land buyers ready to take the plunge into new home construction, speak to Mortgageport about your finance options.

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