Congrats!
Its very easy to blow the budget with a PPOR but you it's forgiven as you have to live there every day. Kensington is a great suburb and I think $400k for a single storey house is fine.
Depending on how long council etc takes you might need longer than 12mths. You need building...
About 20yrs ago there used to be a rule of thumb that you did 60:40 house:land. But now there is no rule of thumb.
But for Kensington I would probably go a bit upscale for spec. Was the $300k the total budget for everything finished or for just the house then finishing costs.
I would be...
I've used Inspired Homes to design and build - not my PPOR - but I would be happy living in a home built by them for a PPOR - it would be a lot better than my Perceptions home.
It is hard to compare apples with apples when shopping around with builders. One of the advantages for going with a...