For reasons I can't explain, I need to put down deposit on a House & Land Package within the next few days, avail the FHOG & hopefully settle here in the next 12-16 months.
Budget: $400K for a 4br House on a ~ 500sqm Land (min. Frontage 14m)
Location: proximity to CBD via public Transport
Considering Land releases have become scarce in Melbourne, and finding a 500sqm block for less than 200K is no longer a reality ....Most of my research into various suburbs/ new estates ranging from Point-Cook to Cragieburn (Melbourne - VIC) have finally led me to two choices:
1) Truganina (Land ~ 200K to 210K)
- Whatever's left can only be bought as a House & Land package
ranging from 415K - 430K
Next release in July, and prices for land are 220K onwards
2) Epping North (Land 240K upwards)
- Still has land blocks available, and can be bought by itself,
- Can I really build a 4br house on a 500sqm block for 160K- 180K?
I would really like some suggestions on these two areas, and also if buying a package over land only has any negatives ?
Cheers
Budget: $400K for a 4br House on a ~ 500sqm Land (min. Frontage 14m)
Location: proximity to CBD via public Transport
Considering Land releases have become scarce in Melbourne, and finding a 500sqm block for less than 200K is no longer a reality ....Most of my research into various suburbs/ new estates ranging from Point-Cook to Cragieburn (Melbourne - VIC) have finally led me to two choices:
1) Truganina (Land ~ 200K to 210K)
- Whatever's left can only be bought as a House & Land package
ranging from 415K - 430K
Next release in July, and prices for land are 220K onwards
2) Epping North (Land 240K upwards)
- Still has land blocks available, and can be bought by itself,
- Can I really build a 4br house on a 500sqm block for 160K- 180K?
I would really like some suggestions on these two areas, and also if buying a package over land only has any negatives ?
Cheers