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How to choose a block of land

Buying land to build your new home is the first and most important step in the home building process. Before you buy, consider these factors to help you make the right choice.

First of all, find out what is available in your ideal location and price range. Options include a new estate, regional acreage or demolishing an existing property.

Make sure the lot is suitable for the kind of house you want to build. You’ll need to consider size, shape and orientation in comparison to the sun, as well as how high it is above sea level if it’s in a flood-prone area. You may also want to get a geotechnical report to assess the soil type, which will tell you whether the site is suitable for construction.

Consider the location and accessibility of services such as:

  • Power, water and sewage
  • Storm water drainage
  • Telephone, gas and broadband internet lines
  • Access to the property, including roads and public transport
  • Education and healthcare facilities
  • Parks and recreational activities
  • Flood levels, landslip, buffer zones and other easements.

Local councils have rules and regulations which may affect what and how you build, including where on the lot you place your home, what kind of fencing you have and more. Make sure you find out what the restrictions are before you buy the land, as well as details of any upcoming development applications that may increase or decrease the value of your home.

Talk to a Home Lending Specialist

We can tailor a home loan that's right for you, and provide the tools and insights to meet your needs.