Being a first home buyer is incredibly stressful. After years of hard saving to make up that all important deposit, you have to then spend your weekends at auctions getting outbid by downsizing baby boomers – it’s easy to get disheartened, especially in Sydney and Melbourne. For this reason, many young people are beginning to build their first home, rather than buy out of their budget. Before you commit to building a new home in Melbourne, here’s what you need to know:
Building a new home in Melbourne is a great way for first home buyers to get a foot in the door. Whether you buy the land, then continue to save before you begin building, or buy a package deal, it’s often a cheaper option the buying an established home. If you’re looking for a house that you and your family can live in for decades, then this is the option for you.