House and Land Packages
One of the most common ways of purchasing property in Australia is to buy a plot of land and then to build a house on it. In general, builders will provide buyers with a choice of several stockhouse designs that have already been granted government approval. This enables the construction work to commence as soon as the land deal is completed. This approach reduces the stamp duty and requires less up-front investment. As a result, buying land and then building a house on it is relatively attractive to buyers. In addition, land in Australia is freehold and can be passed on between generations.