What Do You Need to Know as a First Home Owner? | Arramont

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What Do You Need to Know as a First Home Owner?

Buying your first home can be an exciting but confusing time. With so many options available, it can be hard to know where to start.

Here at Arramont, we believe that your journey to first-home-ownership shouldn’t be complicated. That’s why we have put together the following guideto help you navigate the first homeowner waters.

Research the market

All well-executed projects start with research, and the purchase of your first home should be no different. You will want to determine where you’d like to buy, what the recent trends are for your preferred neighbourhood and a realistic budget. This research phase is a great time to see if you are eligible for any government grants or stamp duty concessions as a first homeowner.

Know your budget

Whether this is through talking to a bank and getting a conditional pre-approval or crunching the numbers yourself - knowing your budget is a crucial factor in purchasing a home. Your budget will help you determine the required deposit amount and how much you can afford to repay for your mortgage repayments. It’s essential to be realistic with your budget; you don’t want to commit to 30-years of paying for something you really can’t afford. And don’t forget to set aside a bit for landscaping!

Discover your new community

for local amenities. Are they already established? Or are they planned for the future? Are there train or bus services close by? What about supermarkets and educational facilities? Now is the time to consider what you will need not only now, but into the future.

Find your place

So you have your budget and your preferred community, now it’s time to find your dream home. From purchasing land-only or a house and land package, there is something out there to suit everyone's budget and preferred lifestyle. Have a look around at display villages, and get an idea of the style of house you want. Make sure you are looking at homes that will fit your budget, lifestyle and block size. Consider the number of rooms you may need in the future, three bedrooms may suit now, but you may eventually need four.

If you need help figuring out your first homeowner journey, the Arramont team is on hand to step out the process for you. Pop into the sales office at 290 Craigieburn Road East, Wollert or give the team a call on 1300 965 537.

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Community

How do house and land packages work?

  • House and land packages are becoming an increasingly popular option for those entering the Australian property market, especially first-home buyers and families looking for a tailor-made solution. With a blend of convenience, cost-savings, and customisation, this is an excellent step to owning your dream home. Read on below to understand what to know when buying a house and land package.
 

WHAT IS A HOUSE AND LAND PACKAGE?

  • A house and land package is the purchase of land paired with a new home build. The process is straightforward - you choose a plot of land in a new community like Arramont, and select a house design from a range of options provided by one of Australia's leading builders.
 

BENEFITS OF HOUSE AND LAND PACKAGES

  • SIMPLE PROCESS: For most, the prospect of building a house can seem daunting, and with many decisions and processes, this can be overwhelming. House and land packages streamline this process by combining the key steps into one easy transaction. This approach simplifies the decision-making cycle and paperwork, reducing stress for the buyer.
  • CUSTOMISATION AND CHOICE: Flexibility is at the heart of purchasing a house and land package. They allow buyers to select a design from carefully selected builders that can suit your lifestyle and preferences in a range of contemporary and award-winning home designs. Whether it's an additional spare bedroom or a secondary living space, there's a design to meet your needs. These home-building packages can be catered to fit different budgets and tastes. Homeowners have the freedom to select the level of luxury for their new home, ranging from standard designs to more opulent choices.
  • NEW COMMUNITY LIFESTYLE: Purchasing these packages often means buying into a brand-new or developing community. Wollert, located 25 km from Melbourne's CBD, offers the best of both worlds, the excitement of modern living combined with the benefits of established amenities. Arramont sits just 12 minutes from Craigieburn Station and is conveniently close to major shopping centers like Westfield South Morang and Pacific Epping Plaza. With excellent road connections and a vibrant, growing community, Wollert provides an ideal setting for new homeowners and young families to enjoy a thriving suburb.
  • COST-EFFECTIVE OWNERSHIP: Financially, these packages can prove to be more economical than separately purchasing land and building a house. They offer a single, fixed price for both, which can help you avoid unexpected costs and budget overruns. Additionally, there might be financial incentives or savings available, such as reduced stamp duty or favourable financing options, which are especially beneficial for first-time homeowners. Find offers at Arramont here.
  • FIXED-PRICE PEACE OF MIND: Cost certainty is another benefit of opting for these packages. Buyers typically sign a fixed-price contract with the builder, ensuring that the agreed-upon price at the beginning is what you’ll pay at the end, avoiding any surprise expenses that often come with construction projects.
  • STREAMLINED PROCESS MANAGED BY BUILDERS: Builders overseeing these projects can provide comprehensive management services, including dealing with construction permits, hiring contractors, and supervising the build. This turnkey solution leaves the homeowner free from the day-to-day concerns of the building process.
 

ARE HOUSE AND LAND PACKAGES WORTH IT? 

  • Buying land and building a home in one package is particularly appealing to individuals stepping onto the property ladder for the first time as well as families seeking a new home. 
  • Since these packages provide predictability in pricing and a new community atmosphere, they are a fitting choice for those who value a fresh start without the complexities of traditional home building or buying processes.
  • At Arramont, house and land packages are available from as little as $659,800, providing an affordable entry into a vibrant and growing community.
  • Experience a harmonious lifestyle at Arramont, where lush greenspaces seamlessly merge nature's tranquillity with modern living. 
 

ARE YOU READY TO PURCHASE A HOUSE AND LAND PACKAGE?

  • House and land packages enable many to fulfil their dream of homeownership with lesser hassle and often cost-savings.
  • For a wide range of housing options within a suburb with a wealth of features and amenities consider exploring what Arramont has on offer. Explore the array of retail options, schools, and well-established infrastructure in the vicinity of Arramont. Find out more here.
  • The Arramont team is ready to assist you on every step in your home.
  • Feel free to reach out via email at arramont@rpmgrp.com.au or give us a call at 0425 741 891 to make an appointment.
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Community

Is Buying Land a Good investment?

Buying land as an investment in Australia is one of the smartest and safest investments you can make. Whether you're looking to build your dream home or simply acquire some property for future development opportunities, buying land is a great way to diversify your portfolio and secure your financial future. With a 15% increase in Melbourne and Geelong housing sales in Q2 2023, there's never been a better time to purchase. In this blog post, we'll explore the reasons why buying land is a good investment choice. 1. Land is a limited resource One of the main reasons why land is a good investment is because it is a limited resource. No matter how much we advance technologically, we can't create more. As the population continues to grow, the demand for land will also increase, which will in turn, drive up prices. In fact, 73% of buyers who purchased in Q2 2023 bought land only. Despite rising interest rates, 2,146 land lots were sold last quarter, the first increase since September 2021. Highlighting why buying land now can lead to greater future value appreciation. 2. Affordability If you have a limited budget but want to buy in your dream location, land is the best option. More affordable than a package, you can secure your ideal land size in a growing suburb and build later, especially if you purchase untitled land*. This is a great way to spread out the cost over time and help guarantee a good return, especially when you secure land in a thriving neighbourhood like Wollert. Right now, the median lot price for a 350m2 block in Wollert is $399,000. Only 43km from Melbourne's CBD and surrounded by established amenities, Wollert is the best place to buy. With affordable land for sale in Wollert priced from just $309,000, purchasing within Arramont Estate is a wise investment. *Ensure you speak to your agent about the building timeframe within your contract. At Arramont, purchasers have 24 months before building must commence. 3. Customisation & control When you purchase land, you have much more control over what happens in comparison to investing in existing property. You can choose to develop it in a way that is most beneficial to you. Build your dream home design suited to you and your family needs to live in or construct a rental property for additional income. You also have the power to decide when to sell the property and who to sell it to. 4. It's a good long-term investment Because land is a limited resource, it doesn't generally depreciate. It's more likely to increase in value, especially when buying in a growing area. Location matters a lot when buying a home, especially as an investment. If you buy land in an up-and-coming neighbourhood, like Wollert, which is new but growing with infrastructure and amenities, there's a bigger chance of a high return. Only 1.5km from Craigieburn Station and 4 minutes to the Hume Freeway, Wollert is one of the best locations to buy investment property. Did you know sales in Wollert went up 13% this quarter? - Buying land is an excellent way to diversify your investment portfolio while securing your financial future. It's a tangible asset that never loses its value and a limited resource that will always be in demand. If you're looking for the ideal spot for an investment property in Melbourne, Arramont offers a range of land for sale in Wollert that could be perfect for you. Contact our team today to find out more on 0425 741 891 or email us at Arramont@rpmgrp.com.au.
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Construction

Welcome To The Arramont Community Update For July

Construction continues, and we're pleased to share an update with you. Montbeliard Road Continuation The connection service order has now been accepted by Ausnet with their service provider to complete the connection in the coming 5-10 business days. We again thank the Arramont community for their patience during this time. APA Gas Easement Landscaping Works - Montbeliard Road Works are nearing completion on the southern section of Montbeliard Road with the central median set to be completed in the next 1-2 weeks. Stage 7 Reserve Public lighting works have been successfully completed. As we proceed with the electrical connections, please note that the area will be temporarily fenced off. We expect these works to be completed within the next two weeks. Following the completion of the connections, reinstatement works will commence. This will involve the replanting of trees and seeding of grassed areas to restore the surroundings. Stages 13 & 14A Road pavement works have progressed well, thanks to the favourable weather on site. Electrical and telecommunication reticulation are nearing completion, with the remaining concrete works scheduled for next week. Additionally, sewer and water testing have commenced, followed by topsoiling of nature strips and site cleanup. Stages 15, 16 & 20 The bulk earthworks for Stages 15, 16, and 20 are currently in progress and are advancing smoothly, thanks to the favourable weather conditions. These works are well resourced with ample machinery to ensure this key component of the works is completed in a timely manner. Stages 17, 18 & 19 Stage 18 detail design engineering re-submission has taken place and Stages 17 & 19 are progressing through Council review. Contractor tenders are now being received ahead of an anticipated Q3/Q4 works commencement. Community News The persistent problem of illegal rubbish dumping remains prevalent across the Whittlesea area. In response, the Arramont team is actively considering the installation of informative signage within the estate. These signs aim to provide guidance on how to report dumped rubbish, as well as address other forms of illegal activity.
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Register Your Interest Today

Looking for land for sale to build your dream home in Wollert? Register your interest to stay up to date with sales releases and community news at Arramont estate.

Visit Us

Arramont Sales Office

290 Craigieburn Road East, Wollert

Open Saturday - Wednesday, 11am - 5pm

Contact Us

P: 1300 965 537

E: arramont@rpmgrp.com.au

Register Your Interest Today

Looking for land for sale to build your dream home in Wollert? Register your interest to stay up to date with sales releases and community news at Arramont estate.


Register Your Interest Today

Looking for land for sale to build your dream home in Wollert? Register your interest to stay up to date with sales releases and community news at Arramont estate.

Visit Us

Arramont Sales Office

290 Craigieburn Road East, Wollert

Open Saturday - Wednesday, 11am - 5pm

Contact Us

P: 1300 965 537

E: arramont@rpmgrp.com.au

Register Your Interest Today

Looking for land for sale to build your dream home in Wollert? Register your interest to stay up to date with sales releases and community news at Arramont estate.