News | 16 October 2020

Buying guide: house or land at The Grove, Tarneit

Parkview Release

With a wide variety of house and land or land options to choose from at The Grove, your dream home is just around the corner.

Whatever your plans, lifestyle or family size, there are a great range of options to suit you.

But before you lock in that dream home, it’s important to understand the differences between a house and land package and a block of land, and the buying process for each.

Read on to learn more about what’s involved when you purchase your new home at The Grove.

 

House and land packages

When you choose a house and land package at The Grove, you can feel confident you’re getting a higher level of certainty at an affordable price.

We've partnered up with some of Melbourne's leading builders, doing the hard work for you.

The benefit of purchasing a house and land package in Tarneit is that many features are  included as standard, and you can know all of this upfront with clear costs.

This is also called ‘turnkey,’ because all you have to do is turn the key and move in!

For future residents considering a house and land package, we recommend heading to The Grove Sales Centre

Here our team of expert sales consultants can walk you through the range of packages available with different bedroom configurations, single or double storey designs and lot sizes to suit your lifestyle.

It’s also a great idea to inspect display homes by the builder you’re interested in. This way you’ll be familiar with the quality and building style.

Family in kitchen

Buying land at The Grove

If you want to buy land and then build, things can work a little differently.

The Grove offers lots of all sizes and budgets to suit your lifestyle, so there’s no shortage of options for families and couples looking to build their dream home.

The main thing to note with buying land is that you will have more control over the look and feel of your home. 

While this can be a hassle for some, if you have a clear vision for your dream home then it can be a rewarding process.

There are many different types of land for sale at The Grove:

  • Retreat: 12.5m+ frontage lots perfect for couples who love to play host or young families who want a manageable garden and the potential for a double garage.

  • Escape: 14m+ frontage lots with plenty of room for that rumpus room or home theatre you’ve always imagined!

  • Classic: 16m+ frontage lots to accommodate many different house designs. A Classic lot is a great size for alfresco dining and a big backyard.

  • Grand: 18m+ frontage lots that comfortably accommodate the majority of single and double storey home designs offered by most builders.

  • Prestige or irregular lots that allow you to get creative with your home design and offer amazing value at The Grove.

 

The purchase process explained

Regardless of whether you purchase land or a house and land package, you will have to sign two contracts.

With a house and land package this is called a two-part contract.

The first contract you sign is to secure the land from the developer with most often a 5% deposit, and the second is the contract to purchase the house from the builder.

When you only buy the land you sign a contract with a deposit to purchase the land from the developer, and organise the build at a later date.

If you’re considering securing land at The Grove, then this means you may have more time to save for construction should you need to.

 

What about grants and incentives?

There are a number of options available to help you move into your new home sooner. 

If you’re in the market for your first home, you can take advantage of the First Home Owner Grant. 

This grant exists to help offset the extra cost associated with GST when purchasing your first home and is available for many living options at The Grove.

You could also be eligible for an exemption on stamp-duty in the form of a one-time payment that covers this cost.