When you’re in the market for a home the question ‘to buy’ or ‘to build’ is one of the first you’ll answer. To help you get exactly what you need, we’ve listed the benefits of buying and building your next home. Follow our tips below and make your next home, your dream home.

Building a house





When buying an existing home, you’ll have more options to buy closer to the city in an established suburb.

When you’re building a home, it’s easier to find land further from the city in newer subdivisions.


You’ll know what you can afford straight away and be able to look for homes in that range. You’ll know what your repayments will be before you buy, making planner easier!

Get a clear price from your builder and make a written agreement so you know exactly what you’re getting and what you’ll be paying.

Additional costs

  • Building and pest inspections
  • Title search
  • Conveyancing
  • Real estate agent fees
  • Building surplus
  • Title search
  • Soil tests
  • Customisation


You can customise your home after you buy it, but you may need council approval. Also, depending on the materials, you may need extra help - especially if they’re toxic.

You can customise your home as you go, control the lay-out and choose building materials so you get exactly what you want. It may just cost a little extra.


Buying a home can be super quick if you find a house you like and have your finances sorted.

Consider building if time isn’t a factor. It can take over a year for a house to be completed but getting exactly what you want is a great pay-off!


It’s easier building equity in an existing home by doing smaller jobs around the house. You’re more likely to be able to buy in a growth area meaning you’ll gain even more just in location alone.

You’ll have more equity in your home if you have a larger deposit and pay more towards your mortgage. If you’ve bought in a growth area, you can gain equity through location too.


If you’ve bought in a great location and your home is in good condition, it’s common to have lots of interest if you decide to sell.

Newer homes are easier to sell, just make sure it’s in a desirable location. Tempt buyers with a great home and great location in one package.


If you get a building and pest inspection before you buy, you’ll know if you have any toxic chemicals in the house. It’s important to know this so you can keep your family safer.

Newer homes can be healthier with less toxic materials like asbestos, lead pain and mould.

First Home Owners Grant (FHOG)

If you’re buying a new home that hasn’t been lived in, you may be able to get the FHOG.

If you’re building a house to live in, you may be able to get the FHOG.

Need a home loan? We’ve got home loans for both new and established homes.

Enquire online now

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