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Block Finder

Need help finding land? We’ve got you covered.

Looking for the perfect block of land can be tricky - but that’s where we come in. We work closely with Australia’s leading land developers and can help you find the ideal location to build your dream home.

Whether you’re just starting out or already have a suburb in mind, our experts are here to do the legwork for you. No commissions, no pressure - just genuine support to help you get started.

Let us know where you want to live, and we’ll help you find the land to match. It’s all part of the service.

House & land financing top tips

Navigating house and land financing can feel overwhelming, but with the right information, you can make educated decisions and secure the best deal for your dream home. Here are our top tips to help you get started.

What is house and land financing?

House and land financing is a tailored loan arrangement for buyers who are purchasing a block of land and building a home on it.

Although often marketed together as single “package”, the financing typically consists of two separate components:

  1. Land loan – covers the cost of purchasing the land.
  2. Construction loan – funds the building of the home, usually released in stages as construction progresses.

You can apply for both loans together or separately—starting with a land loan, followed by a construction loan once you're ready to build.

This structure allows buyers to secure their land first, then gradually draw down funds to pay the builder as the home takes shape. One of the key benefits is lower repayments during construction, as you only pay interest on the amount the bank has actually disbursed.

How does a loan for a house and land package work?

Select your block of land and preferred house design and then start speaking to your loan provider.

Choose your package

Start by selecting your block of land and your preferred Plantation home design.

Structuring the loan

A specialised construction broker will assess the land settlement timeline and the builder’s contract schedule to determine the most suitable loan structure. This could be a land loan followed by a construction loan, or a single loan covering both land purchase and construction.

Loan submitted

Based on your specific timelines, the broker will prepare and submit the loan application. Keep in mind: construction loan approval requires signed building contracts and an “as if complete” valuation by the bank.

Land settlement

After construction is complete, your loan switches to a standard principal-and-interest mortgage, and the property is handed over.

Construction funding commenced

Once your building plans and permits are finalised, the lender prepares to release funds for construction.

Progressive drawdowns

Construction payments are made in stages - slab, frame, lock-up, fit-out, and completion. You’ll only pay interest on the amount drawn at each stage, not the full loan upfront.

Final inspection & handover

After construction is complete, your loan transitions into a standard principal-and-interest mortgage.

Key things lenders look at

  • Deposit: Most lenders require a minimum deposit of 5–10% of the total cost of the land and build combined.
  • Serviceability: Your income and expenses will be assessed to determine your ability to repay both the land and construction loans.
  • Valuation: The lender will conduct an “as if complete” valuation of your proposed home to ensure the finished property is worth a certain percentage more than the loan amount.
  • Builder documentation: To approve a construction loan, lenders require fixed-price building contracts, detailed plans, and specifications. Before releasing construction funds, council-approved plans and building permits must also be provided.

If this all sounds a bit overwhelming, don’t worry - our preferred finance partner, Loan Studio, offers award-winning service to make the process simple and stress-free. They’ll also help you access any federal or state first home buyer schemes you may be eligible for.

Why choose a Plantation house & land package

Buying land first v house and land package

Purchasing a house and land package is often a more streamlined and cost-effective option compared to buying land separately. It offers fixed pricing, simplifies the process by combining land and construction contracts, and typically requires a lower deposit. It also makes it easier to access government grants and financing options.

House and Land Package Deposit

  • A combined deposit is usually required for both the land and the build.
  • Most lenders ask for 5-10% of the total package price (note: Lenders Mortgage Insurance may apply).
  • The deposit is split into two parts:
    • Land deposit – paid when signing the land sale contract.
    • Build deposit – paid before construction begins.

Some lenders offer low-deposit options (as little as 5%) if you're eligible for government schemes, and may even waive Lenders Mortgage Insurance (LMI) under certain programs.

 Buying Land Separately

  • Deposit requirements for land-only purchases can vary significantly.
  • Lenders typically require 5-20% of the land value.
  • Vacant land loans are considered higher risk, which can mean:
    • Higher interest rates.
    • Larger deposits, especially if the land is unregistered or lacks infrastructure.
  • You’ll also need a separate construction loan later, which comes with its own deposit and approval process.

Importantly, the First Home Guarantee scheme is only available when purchasing land and house together - not when settling land without a building contract.

Government Grants

There are several strong government initiatives aimed at improving affordability for first home buyers:

  • First Home Owner Grant (FHOG): A $15,000 bonus has been extended, with $30,000 available for homes under $750,000 until 30 June 2026.
  • First Home Guarantee (FHG): Allows eligible buyers to purchase with as little as a 5% deposit and no LMI. Housing Australia guarantees up to 15% of the property’s value, helping buyers enter the market sooner.
  • Boost to Buy: Offers a 2% deposit option for properties valued up to $1 million. Available to individuals earning up to $150,000 or households with two adults earning up to $225,000.

Fixed price house & land packages

View packages