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Is a new build a better idea?

Build new or buy an existing property? The thought of building a new house can be overwhelming so we'll give an overview of the build options below.

When looking into your options for buying a home, it’s worth taking into the account the benefits that a new build could offer. When you build, you’re more likely to get exactly what you want as the design and fit out of your home is a direct reflection of what has been discussed with you. You also benefit from the exemption that applies under the Reserve Bank LVR rules - homeowners for new builds only need a 10% deposit rather than the standard 20% you would otherwise need.

What is a new build and are there different ways of building a house?

What are the upsides and downsides?

Costs and financing. How does this work?

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