A property procurement option in the specified Melbourne suburb involves acquiring both a residential building and the plot of land it occupies in a single transaction. This arrangement streamlines the process for prospective homeowners by bundling the construction of a new dwelling with the purchase of the terrain upon which it will stand. Such packages often present a fixed price for the complete product, mitigating potential cost overruns during the building phase.
This approach offers several advantages, including access to newly developed estates, modern home designs, and potentially lower stamp duty costs compared to purchasing an established property. Historically, these offerings have provided a pathway to homeownership for first-time buyers and those seeking to build their ideal residence in a growth corridor. The appeal lies in the simplicity of a combined purchase, allowing buyers to avoid the complexities of separately sourcing land and builders.
