Last night’s Federal Budget had some great news for Australians looking to enter the housing market with the extension of the First Home Buyers Guarantee Scheme until June 2025. The Government has recognised one of the biggest barriers to getting onto the property ladder is saving the 20% deposit....

A limited 11-lot release at Matilda marks the estate’s latest stage, as the 840-home Donnybrook community continues to roll out. Matilda is an 840-lot masterplanned community on Donnybrook Road, around 30 kilometres north of Melbourne’s CBD. With a new Yellow Gum release now selling, just 11 lots...

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Eight Homes

Eight Homes, VIC

Simonds Homes

Simonds Homes, VIC

Inside Matilda, Donnybrook: House and land builders to consider

A limited 11-lot release at Matilda marks the estate’s latest stage, as the 840-home Donnybrook community continues to roll out.

Matilda is an 840-lot masterplanned community on Donnybrook Road, around 30 kilometres north of Melbourne’s CBD. With a new Yellow Gum release now selling, just 11 lots from 263 to 406 sqm, titles expected in Q3 2027, the estate is moving through its next stage of supply.

The masterplan integrates up to nine hectares of waterways and wetlands, ecological corridors framed by River Red Gums, and a connected network of walking and cycling trails. Three parks are planned within the estate, alongside shelters, playgrounds and outdoor fitness stations. Streetscapes are designed with native and coastal-inspired landscaping, and purchasers can select from six front garden schemes.

Future infrastructure within the estate includes a planned town centre, schools and health services, delivered progressively as the community builds out.

Matilda sits within reach of Donnybrook and Craigieburn train stations and has direct access to the Hume Freeway. Nearby schools include Hume Anglican Grammar, Mount Ridley College, Donnybrook Primary School and Kalkallo Primary, with Nino Early Learning Centre also close by. Retail and lifestyle amenity is currently centred around Craigieburn Central, Merrifield City and Marnong Estate Winery.

Land at Matilda is currently priced from $311,000, with residential land and house and land options available.
<h2>Builders to consider for Matilda and the Donnybrook region</h2>
Below are several builders active in Melbourne’s north and west, including Donnybrook, offering house and land packages or building in Matilda and across the region.
<h3>Simonds Homes
Established: 1949
Build volume: Around 1,000 homes per year</h3>
<a href="https://www.ibuildnew.com.au/home-builders/simonds-homes-vic" target="_blank" rel="noopener"><strong>Simonds</strong></a> is one of Victoria’s long-standing volume builders, operating at scale across Melbourne and regional areas. For buyers in estates like Matilda, scale can translate to streamlined systems and defined inclusions.

Their house and land packages combine land and home under a single, coordinated process, with a fixed price guarantee promoted as part of the offering. For buyers concerned about cost creep in a rising construction market, fixed-price contracts remain a central consideration.

[caption id="attachment_14928" align="alignnone" width="800"]<img class="wp-image-14928 size-medium" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/02/Lot309-Fairlight22-fac-800x444.jpg" alt="Fairlight 22" width="800" height="444" /> Fairlight 22[/caption]

Simonds also highlights secured land in established growth corridors across Melbourne and Victoria, which is relevant in estates like Matilda where staged releases may require early commitment ahead of title.

This type of builder often suits:
<ul>
 	<li>First home buyers wanting predictable inclusions</li>
 	<li>Buyers prioritising finance-friendly contracts</li>
 	<li>Those comfortable selecting from established design ranges rather than full custom builds</li>
</ul>
<h3>Eight Homes
Established: 2012
Build volume: Approximately 500 homes per year</h3>
<a href="https://www.ibuildnew.com.au/home-builders/eight-homes-vic" target="_blank" rel="noopener"><strong>Eight Homes</strong></a> operates in the mid-volume space, with a focus on streamlined house and land packages and pre-configured design selections. The builder has received recognition at Master Builders awards, including National and Victorian Excellence in Housing categories, reinforcing its positioning around design and delivery standards.

The company promotes a simplified building process, offering pre-selected finishes and inclusions to reduce decision fatigue during pre-construction. Rather than extensive customisation, the model centres on curated options designed to balance quality and cost control.

[caption id="attachment_14931" align="alignnone" width="800"]<img class="wp-image-14931 size-medium" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/02/Lot355-Navi2-25-fac-800x444.jpg" alt="Navi 2-25" width="800" height="444" /> Navi 2-25[/caption]

Transparency and structured communication are highlighted as part of its process, with support provided from design selection through to handover.

Eight Homes may suit:
<ul>
 	<li>Buyers who prefer a simplified selection process with pre-curated inclusions</li>
 	<li>Those wanting award-recognised design without extensive customisation</li>
 	<li>House and land purchasers looking for a structured, mid-volume builder</li>
</ul>
<h3>Metricon Homes
Established: 1976
Build volume: 5,000+ homes per year</h3>
<a href="https://www.ibuildnew.com.au/home-builders/metricon-vic" target="_blank" rel="noopener"><strong>Metricon</strong></a> is Australia’s largest home builder by volume, operating across multiple states including Victoria. Its scale allows it to offer a broad portfolio of home designs, from compact single-storey layouts to acreage and split-level configurations.

The builder’s Studio M selection centre forms a core part of its offering, allowing buyers to choose finishes, fittings and interior upgrades within a structured environment. Metricon also runs a formalised quality assurance process across its builds.

[caption id="attachment_14930" align="alignnone" width="800"]<img class="wp-image-14930 size-medium" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/02/Lot347-Alka23Aspire-fac-800x444.jpg" alt="Alka 23" width="800" height="444" /> Alka 23[/caption]

With significant purchasing power and long-standing developer partnerships, Metricon frequently secures land allocations across major growth corridors, making it a consistent presence in estates throughout Melbourne’s north.

Metricon Homes may suit:
<ul>
 	<li>Buyers seeking a large-scale builder with a broad design catalogue</li>
 	<li>Those wanting access to a formalised selection centre for upgrades and finishes</li>
</ul>
<h3>Home Group
Established: 2012
Build volume: 200–500 homes per year</h3>
<a href="https://www.ibuildnew.com.au/home-builders/home-group-wa-wa" target="_blank" rel="noopener"><strong>Home Group</strong></a> is a family-owned builder operating across Melbourne’s east, north, west and regional areas. The company has received multiple awards from both the HIA and Master Builders Association across categories including project homes, display homes and customer service.

The builder emphasises inclusive specifications, incorporating European-inspired finishes and cabinetry within its standard offering. Finance and land assistance are positioned as part of a consolidated service model.

[caption id="attachment_14929" align="alignnone" width="800"]<img class="wp-image-14929 size-medium" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/02/Lot143-Munich21-fac-800x444.jpg" alt="Munich 21" width="800" height="444" /> Munich 21[/caption]

With a mid-range build volume, Home Group sits between boutique operators and major volume builders, offering structured packages with defined inclusions and extended structural guarantees.

Home Group may suit:
<ul>
 	<li>Buyers comparing inclusions closely across house and land packages</li>
 	<li>Those looking for higher-spec finishes incorporated into standard pricing</li>
 	<li>Purchasers wanting a mid-volume builder with both HIA and MBA recognition</li>
</ul>
Smaller builders often allow greater variation from base plans, but buyers should weigh this against delivery capacity and pipeline visibility in high-demand growth corridors.
<h2>How to approach Matilda as a buyer</h2>
Matilda’s masterplan, waterways, ecological corridors and future town centre infrastructure, gives it long-term positioning within Donnybrook’s broader expansion. But estates of this scale also mean design repetition and staged infrastructure delivery.

If you’re considering building there:
<ul>
 	<li>Match builder scale to your risk appetite. Larger builders can offer structured systems and buying power. Smaller builders may offer flexibility and design distinction.</li>
 	<li>Scrutinise title timing. With releases such as Yellow Gum forecasting titles in 2027, contract structure and finance pre-approval longevity matter.</li>
 	<li>Interrogate base inclusions. Two packages at similar price points can differ significantly in site costs, facade allowances and upgrade assumptions.</li>
 	<li>Think resale from day one. In a community of 840 homes, orientation, floorplan functionality and street presence will influence long-term value more than headline package price.</li>
</ul>
Matilda offers the fundamentals growth-corridor buyers typically seek, transport access, proximity to schools, internal open space and staged amenity. The strategic decision now is less about whether the estate “has enough” planned, and more about selecting a builder whose product, contract model and design flexibility align with how you intend to live, and eventually sell, in Melbourne’s north.

Almost 600 new homes are on their way to Ipswich with the launch of Stockland’s newest precinct, The Grove, at Springfield Rise, with homesites in the first release priced from $577,900 for 315sqm. The Grove marks Springfield Rise’s first major precinct launch in more than two years and builds on...

Creation Homes

Creation Homes, QLD

Almost 600 new homes coming to Ipswich

Almost 600 new homes are on their way to Ipswich with the launch of Stockland’s newest precinct, The Grove, at Springfield Rise, with homesites in the first release priced from $577,900 for 315sqm.

The Grove marks Springfield Rise’s first major precinct launch in more than two years and builds on the community’s proven popularity, with more than 10,000 residents already calling Springfield Rise home.

The 581-lot precinct will feature its own central park and connect seamlessly to Springfield Rise’s 13 existing parks and three major recreation hubs, including Silver Jubilee Park and the Springfield Central Sporting Complex, as part of more than 50 hectares of open space and parks across the community.

[caption id="attachment_14935" align="alignnone" width="800"]<img class="wp-image-14935 size-medium" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/02/LOW-RES-Aerial-overview-of-Springfield-Rise-and-the-location-of-The-Grove-precinct-within-the-established-Spring-Mountain-community_LR-800x450.png" alt="Aerial overview of Springfield Rise and the location of The Grove precinct within the established Spring Mountain community - Photography by Josh Martin © Josh Martin Photography" width="800" height="450" /> Aerial overview of Springfield Rise and the location of The Grove precinct within the established Spring Mountain community - Photography by Josh Martin © Josh Martin Photography[/caption]

Stockland Project Director Graeme Knox said The Grove reflects the strong and ongoing demand for new housing in Greater Springfield.

“The Grove is an important milestone for Springfield Rise, taking the community to around 90 per cent of its planned 4,500 homesites. We’re continuing to see strong demand from both upgraders and first-home buyers who want to call Springfield home,” Mr Knox said.

“This precinct offers the best of both worlds – surrounded by nature while being just minutes from schools, shops, health services and public transport. It’s a proud moment as Springfield surpasses its 30-year anniversary as one of Australia’s most successful masterplanned cities.”

[caption id="attachment_14936" align="alignnone" width="800"]<img class="wp-image-14936 size-medium" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/02/The-backyard-of-the-Hancocks’-Springfield-Rise-home-Photography-by-Josh-Martin-©-Josh-Martin-Photography-800x533.jpg" alt="The backyard of the Hancocks’ Springfield Rise home - Photography by Josh Martin © Josh Martin Photography" width="800" height="533" /> The backyard of the Hancocks’ Springfield Rise home - Photography by Josh Martin © Josh Martin Photography[/caption]

Local couple Jarred and Clare Hancock are among those who have chosen to stay and grow within the community, recently completing their second home in Springfield Rise after starting out in the Highlands precinct.

“For us, Springfield Rise has been both a smart financial decision and a place we enjoy living in,” Mr Hancock said.

“We were only 23 at the time of our first purchase, but Springfield Rise ticked every box – well connected to Brisbane CBD, close to everything in Springfield, and a great long-term investment. Many of our friends and family are also here, which makes it feel even more like home.

“Now, seven years on, we’ve upgraded to a bigger block and built a new home we can see ourselves starting a family in. With the schools, parks and community feel, we know Springfield Rise is the right place for the next stage of our lives.”

Settlements for the new release are expected from early 2027, with residents anticipated to move into their new homes later that year.

Gen Fyansford has quietly become one of Geelong’s more established masterplanned communities, positioned between the Barwon and Moorabool Rivers and just minutes from central Geelong. The estate focuses on open space, heritage character and riverfront positioning. Unlike newer fringe estates still...

Inside Gen Fyansford: Builders to consider in Geelong

Gen Fyansford has quietly become one of Geelong’s more established masterplanned communities, positioned between the Barwon and Moorabool Rivers and just minutes from central Geelong.

The estate focuses on open space, heritage character and riverfront positioning. Unlike newer fringe estates still waiting on basic amenities, this precinct leans heavily on its natural setting and proximity to established suburbs.

The masterplan integrates:
<ul>
 	<li>Community parklands, wetlands and walking and cycling trails</li>
 	<li>A sports oval and multiple playgrounds</li>
 	<li>A future neighbourhood village</li>
 	<li>Direct links to the Moorabool River and Barwon River corridors</li>
</ul>
It also benefits from being five minutes to Pakington Street and 10 minutes to Geelong’s CBD and waterfront, a key differentiator compared to estates further north or west, where commuting into town is less seamless.

For families, there’s access to a mix of public and private schools nearby, including Manifold Heights Primary, Fyans Park Primary, The Geelong College and Kardinia International College. That breadth of schooling options tends to support stronger owner-occupier demand rather than purely investor-driven turnover.

Buyers can secure lots near parks, by the river, or on elevated land with broader outlooks. In estates like Gen Fyansford, block orientation and gradient often matter more than headline lot size, especially if you’re building a two-storey home or want northern light into main living areas.

Given the established feel of the estate and its proximity to older Geelong suburbs, this is not a budget fringe play. Buyers comparing house and land packages here are typically weighing lifestyle access and long-term liveability against cheaper land options further out.

With that in mind, builder selection becomes critical. Not every volume builder’s standard range will maximise a premium or irregular block.

Below are several builders active within Gen Fyansford or the broader Geelong region.
<h2>Builders to consider for Gen Fyansford and the broader Geelong region</h2>
<h3>Simonds Homes</h3>
<strong>Building across Geelong and regional Victoria</strong>

Established in 1949, <strong><a href="https://www.ibuildnew.com.au/home-builders/simonds-homes-vic" target="_blank" rel="noopener">Simonds</a></strong> is one of Victoria’s longest-running volume builders, delivering over 1,000 homes per year and offering more than 80 home designs. Their house and land packages across Melbourne and Victoria are structured around a fixed-price approach.

[caption id="attachment_14957" align="alignnone" width="800"]<img class="size-medium wp-image-14957" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/Lot3501-Rockpool24Emerge-fac-800x444.jpg" alt="Rockpool 24" width="800" height="444" /> Rockpool 24[/caption]

For buyers in Gen Fyansford, the key consideration with Simonds is range and scale. A large design library means flexibility across different block widths and depths, useful in an estate where some lots are positioned for views or corner outcomes. Partnerships with major land developers also support access to established communities.

Simonds may suit:
<ul>
 	<li>Buyers wanting an established builder with a long trading history</li>
 	<li>Those comparing a wide range of floorplans before committing to land</li>
 	<li>Households wanting structured upgrade pathways rather than full custom design</li>
</ul>
<h3>G.J. Gardner Homes</h3>
<strong>Active across Geelong and regional Victoria</strong>

<a href="https://www.ibuildnew.com.au/home-builders/gj-gardner-vic-1" target="_blank" rel="noopener"><strong>G.J. Gardner</strong></a> pairs home designs with specific blocks to simplify the selection process, combining customisable designs with local insight. Their model uses two separate contracts, land and build, structured to allow potential stamp duty savings by paying duty only on the land component.

[caption id="attachment_14956" align="alignnone" width="800"]<img class="size-medium wp-image-14956" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/Lot3402-Laguna230-fac-800x444.jpg" alt="Laguna 230" width="800" height="444" /> Laguna 230[/caption]

For buyers in Gen Fyansford, the appeal lies in the balance between standardisation and flexibility. Their design collection is positioned as adaptable across life stages, and the staged construction loan process may suit buyers managing cash flow carefully.

In an estate where block orientation can influence solar gain and outdoor living usability, customisation within a structured system can be a practical middle ground.

G.J. Gardner may suit:
<ul>
 	<li>First home buyers seeking clarity on finance structure</li>
 	<li>Buyers wanting to adjust layouts without going fully custom</li>
 	<li>Those prioritising fixed-price certainty within a local franchise model</li>
</ul>
<h3>Eight Homes</h3>
<strong>Building across Geelong and Melbourne’s growth corridors</strong>

Established in 2012, <a href="https://www.ibuildnew.com.au/home-builders/eight-homes-vic" target="_blank" rel="noopener"><strong>Eight Homes</strong></a> delivers between 500 and 1,000 homes per year and offers around 40 home designs. Their house and land model is built around fixed pricing and packaging designs with specific blocks to ensure compatibility.

A central selling point is upfront pricing transparency, with costs factored in at contract stage to minimise variations. They also emphasise 7-Star energy compliance in new builds, relevant in Geelong, where winter heating costs can materially affect household budgets.

Eight Homes may suit:
<ul>
 	<li>Price-sensitive buyers comparing turnkey inclusions</li>
 	<li>First home buyers seeking low initial deposit pathways</li>
 	<li>Buyers comfortable choosing from streamlined design ranges rather than extensive customisation</li>
</ul>
<h2>The bigger picture</h2>
In estates like Gen Fyansford, the land is often the long-term differentiator. Proximity to the river corridors, CBD access within 10 minutes, and integrated open space position it differently to outer growth corridors.

For serious buyers, the sequence matters:
<ul>
 	<li>Secure the right block position within the estate.</li>
 	<li>Confirm which builders can deliver a design that responds to that block’s orientation, slope and streetscape controls.</li>
 	<li>Compare fixed pricing structures, upgrade allowances and build timelines, not just base price headlines.</li>
</ul>
Gen Fyansford is no longer a speculative early-stage estate. For buyers planning to hold long term, or who want access to established Geelong amenities without sacrificing a new build, the builder shortlist should align with how you intend to live there, not just what fits the marketing package.

Alamora is one of the newest masterplanned communities taking shape in Tarneit, part of Melbourne’s rapidly expanding Wyndham growth corridor. Delivered by Villawood Properties, the project builds on the developer’s long presence in the region, with Alamora marking its eighth community in Wyndham...

Ridgewater Homes

Ridgewater Homes, VIC

Inside Alamora: Builders to consider in Tarneit

<p>Alamora is one of the newest masterplanned communities taking shape in Tarneit, part of Melbourne’s rapidly expanding Wyndham growth corridor. Delivered by Villawood Properties, the project builds on the developer’s long presence in the region, with Alamora marking its eighth community in Wyndham and fifth in Tarneit. More than 4,000 families already live in Villawood-built neighbourhoods across the area. The new estate is positioned roughly 30 kilometres from Melbourne’s CBD and about 45 kilometres from Geelong, placing it within commuting distance of both cities while remaining close to the established centre of Werribee. A defining feature of Alamora is Club Alamora, a residents-only facility designed by architects ClarkeHopkinsClarke. The planned club includes swimming pools, a gymnasium, café, family spaces and bookable function areas, positioning the estate around a central lifestyle hub rather than purely residential streets. More than 15 hectares of open space are also planned across the community, alongside parks, walking trails and access to the nearby Werribee River landscape. The estate will also host what Villawood describes as the largest display village in Australia, featuring 23 builders and more than 50 display homes. For buyers considering a house and land package, display villages of this scale typically allow direct comparisons between builders, floorplans and inclusions before committing to a build. Tarneit has become one of Melbourne’s most active house and land markets, driven by relatively affordable land compared with inner suburbs and the continued expansion of the Wyndham region. Existing retail, medical services and supermarkets already operate nearby, while additional schools are planned close to the estate as the surrounding precinct develops. Rail connections and road links into Melbourne’s western suburbs also place the community within commuting distance for buyers working across the wider metropolitan area. With a display village showcasing dozens of homes and multiple builders active across the Tarneit region, buyers considering Alamora typically begin by comparing which builders offer house and land packages suited to the estate’s block sizes and design guidelines. Below are several builders delivering homes within the estate or regularly building across Tarneit and the wider Wyndham area.</p><h2>Builders to consider for Alamora and the Tarneit region</h2><h3>Eight Homes</h3><p><strong>Eight Homes</strong> is a Melbourne builder focused on streamlined house and land packages designed to simplify the building process. By pairing home designs with specific blocks, the builder aims to provide upfront pricing and reduce compatibility issues between home layouts and developer guidelines. [caption id="attachment_14979" align="alignnone" width="600"]</p><img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/Eight-Teharee-2-26.jpg" alt="Teharee 2-26"><p><strong>Teharee 2-26</strong>[/caption] The company offers a range of designs suited to new estates across Melbourne’s growth corridors, including single and double-storey homes designed for modern family living. <strong>Best suited to:</strong> First home buyers and young families looking for streamlined house and land packages with fixed pricing in Melbourne’s growth corridors.</p><h3>Simonds Homes</h3><p> Established in 1949, <strong>Simonds Homes</strong> is one of Australia’s long-running volume builders, offering a large catalogue of home designs suited to different buyer segments, from first home buyers through to larger family homes. [caption id="attachment_14977" align="alignnone" width="600"]</p><img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/simonds.png" alt="Mundi 24"><p><strong>Mundi 24</strong>[/caption] The builder works across Melbourne and regional Victoria and partners with major land developers to deliver house and land packages in new estates. <strong>Best suited to:</strong> Buyers wanting a large range of home designs from an established builder with experience across Melbourne estates.</p><h3>Metricon Homes</h3><p><strong>Metricon</strong> is Australia’s largest home builder and delivers a broad range of house and land packages across Melbourne’s growth areas. [caption id="attachment_14976" align="alignnone" width="600"]</p><img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/metricon.png" alt="Riva 40"><p> Riva 40[/caption] Its portfolio ranges from entry-level homes designed for first buyers through to larger family homes, with fixed-price package options commonly used in new estates. <strong>Best suited to:</strong> Buyers seeking a wide choice of home designs and upgrade options from one of Australia’s largest volume builders.</p><h3>Ridgewater Homes</h3><p> Melbourne-based <strong>Ridgewater Homes</strong> focuses on custom builds and tailored home designs, offering a more personalised approach compared to traditional volume builders. [caption id="attachment_14975" align="alignnone" width="600"]</p><img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/Ridgewater.jpg" alt="Logan 20"><p><strong>Logan 20</strong>[/caption] The company delivers new builds and knockdown-rebuild projects across metropolitan Melbourne and regional Victoria. <strong>Best suited to:</strong> Buyers wanting a more personalised or custom home design rather than a standard project-home package.</p><h3>Home Group</h3><p><strong>Home Group</strong> is a family-owned builder working across Melbourne and Geelong, delivering house and land packages matched to available blocks in new developments. [caption id="attachment_14974" align="alignnone" width="600"]</p><img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/home-group.png" alt="Paris 25"><p><strong>Paris 25</strong>[/caption] The builder works closely with developers to align home designs with estate guidelines and block orientation, helping simplify the build process for buyers. <strong>Best suited to:</strong> Families looking for house and land packages with strong developer partnerships and design options suited to new estates.</p><h3>G.J. Gardner Homes</h3><p><strong>G.J. Gardner Homes</strong> operates through a network of local builders, offering a wide range of home designs paired with land in growth areas across Melbourne. [caption id="attachment_14973" align="alignnone" width="600"]</p><img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2026/03/GJ-Gardner.jpg" alt="Bridgewater 225"><p> Bridgewater 225[/caption] Its house and land packages combine block selection with a matched home design, helping buyers secure both components of the build at the same time. <strong>Best suited to:</strong> Buyers wanting flexible home designs and a locally delivered build through a national builder network.</p><h2>The bigger picture</h2><p> For buyers considering a house and land package in estates like Alamora, the decision often extends beyond simply choosing a floorplan. Large masterplanned communities typically involve multiple builders operating under the same developer guidelines, meaning buyers have the opportunity to compare design ranges, inclusions and construction approaches before committing to a build. In Alamora’s case, the scale of the planned display village allows prospective homeowners to walk through dozens of designs in one location, which can make it easier to understand how different builders approach layout, façade treatments and interior finishes. Block size, orientation and proximity to parks or community facilities can also influence which builder or design works best for a particular site. As Tarneit and the broader Wyndham region continue to grow, estates like Alamora are expected to remain a key entry point for first home buyers and upgrading families looking to build in Melbourne’s west. For many buyers, the process begins with comparing builders, but the long-term value of the home is often shaped by how well the design, block and estate amenity ultimately work together.</p>

 The spring selling season is now well advanced, with growing signs over October of an emerging revival in buyer and seller activity. At the same time, rises in new build costs are yet to retreat in any way. House Prices Higher Over October Capital city housing markets continue to report...

Guides

Build Costs Still Rising in a Housing Markets Spring Revival - October 2022 Market Wrap Up

&nbsp;

The spring selling season is now well advanced, with growing signs over October of an emerging revival in buyer and seller activity. At the same time, rises in new build costs are yet to retreat in any way.
<h2>House Prices Higher Over October</h2>
Capital city housing markets continue to report improved outcomes following the winter of discontent, with monthly house prices generally steadying over October.

The latest data from My Housing Market reveals that asking prices for established houses listed for sale in Sydney were steady over October compared to the previous month, which was an improvement on the 0.5% fall recorded over September.

All other capitals reported marginal increases in median house prices over October, with Perth up 0.9%, Melbourne 0.4% and Brisbane higher over the month by 0.3%. Adelaide house prices however increased sharply by 3.0%.

Adelaide and Brisbane house prices remain significantly higher than recorded over October 2021 – up by 20.9% and 18.8% respectively. Perth annual house prices have increased by 9.1% with Melbourne higher by just 1.7%. Sydney house prices however have fallen by 0.5% compared to October 2021.
<h2>Monthly Median Established House Asking Prices - October 2022</h2>
<img class="alignnone size-full wp-image-13766" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Monthly-Median-Established-House-Asking-Prices-October-2022.jpg" alt="Monthly Median Established House Asking Prices - October 2022" width="745" height="192" />

Asking prices for established units listed for sale produced positive results across the board over October, with all capitals reporting growth over the month.

Adelaide was again top performer with median house prices increasing by 4.1% followed by Melbourne up 1.5%, Perth 1.4%, Brisbane 0.5% and Sydney where asking prices increased marginally by 0.2% over October.

Adelaide and Brisbane also reported the highest growth in unit prices over the year, higher by 17.5% and 15.2% respectively, followed by Perth 4.9% and Melbourne up just 0.2%. Sydney unit prices however have fallen by 1.4% over the past year.
<h2>Monthly Median Established Unit Asking Prices - October 2022</h2>
<img class="alignnone size-full wp-image-13767" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Monthly-Median-Established-Unit-Asking-Prices-–-October-2022.jpg" alt="Monthly Median Established Unit Asking Prices – October 2022" width="762" height="187" />
<h2>Unit Rents Now Surging</h2>
Capital city unit rents have continued to outpace the growth of house rents as tenants seek more affordable options to high-priced houses.

House rents were steady again in Sydney, Melbourne and Brisbane over the month with Adelaide lower by 2.0% and Perth higher by 3.8% over the month.

All capitals however have reported significant rises on house rents over the year ending October with Perth the top performer – higher now by a remarkable 20.0%.
<h2>Median Weekly Asking Rents - October 2022 (Houses)</h2>
<img class="alignnone size-full wp-image-13768" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Median-Weekly-Asking-Rents-October-2022-Houses.jpg" alt="Median Weekly Asking Rents October 2022 Houses" width="796" height="196" />

Sydney remains the most expensive capital for weekly asking house rents at $650 with Melbourne still the most affordable at $490.

Capital city house rental vacancy rates for houses remain at low levels, with Melbourne and Perth falling over the month and Sydney, Brisbane and Adelaide Perth steady.

Unit rents have however continued to rise in all capitals, with Perth higher by 3.9% and Brisbane up 3.1% over the month.
<h2>Median Weekly Asking Rents - October 2022 (Units)</h2>
<img class="alignnone size-full wp-image-13769" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Median-Weekly-Asking-Rents-October-2022-Units.jpg" alt="Median Weekly Asking Rents October 2022 Units" width="794" height="194" />

Unit rents have also increased sharply over the past year in all capitals, with Sydney the top performer now higher by 21.5% followed by Melbourne up similarly by 20.9% - making rental yields for investment property owners extremely attractive.

Vacancy rates for units continue at low levels with Melbourne now plunging below 2%, the first time since early 2020 when the pandemic began.

Sydney continues with the highest weekly unit rent at $580 with Adelaide the most affordable at $400.
<h2>New Home Building Falls Over September</h2>
New home building fell sharply over September following the steep rise recorded over the previous month, with the ABS reporting a 5.4% decrease in seasonally adjusted dwelling building approvals.

The reversal in overall dwelling approvals was due primarily to a 7.8% fall in houses, with approvals for units down by 1.8% over the month.

Dwelling approvals are now 19.7% lower over the first 9 months of 2022 compared to the same period in 2021, with houses down 23.3% and units lower by 12.6%.

<img class="alignnone size-medium wp-image-13770" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-National-Monthly-Dwelling-Building-Approvals-SA-September-22-800x482.jpg" alt="ABS National Monthly Dwelling Building Approvals SA September 22" width="800" height="482" />

The underlying quarterly trend for both house and unit building approvals continues to flatline – with the expectation of growing housing demand as immigrations numbers get back to pre-pandemic levels (and soon exceed such levels) a housing shortage looms large.

<img class="alignnone size-medium wp-image-13771" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Monthly-Building-Approvals-SA-September-22-800x474.jpg" alt="ABS Monthly Building Approvals SA September 22" width="800" height="474" />

Melbourne remains the clear leader in dwelling approvals over the 9 months ending September and ahead of Sydney for both houses and units.

<img class="alignnone size-medium wp-image-13772" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Building-Approvals-this-year-to-date-September-2022-800x402.jpg" alt="ABS Building Approvals this year to date September 2022" width="800" height="402" />

All capitals have reported declines in building approvals for houses over the first 9 months of this year compared to the same period in 2021. Melbourne and Adelaide however have recorded increased approvals for units over the year to date comparisons, with the other capitals reporting declines.

<img class="alignnone size-medium wp-image-13773" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Building-Approvals-this-year-to-date-September-22-v-Same-21-800x403.jpg" alt="ABS Building Approvals this year to date September 22 v Same 21" width="800" height="403" />
<h2>House Building Costs Rise Again Over September</h2>
House building costs increased sharply again over September for the second consecutive month according to the My Housing Market National New House Building Costs Index – fuelled by continued rises in material costs, and labour shortages across almost every trade associated with housing construction. While materials and trade availability is expected to improve over the year ahead as the post HomeBuilder stimulus subsides, it may take longer for building costs to retreat from current levels.

Monthly house building costs increased by 19.6% over the year to September 2022, however they remain below the recent peak annual rise of 24.3% reported over April this year.

<img class="alignnone size-medium wp-image-13775" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/National-House-Building-Costs-Index-800x449.jpg" alt="National House Building Costs Index" width="800" height="449" />
<h2>Home Loans Lower Again Over September</h2>
Home lending fell sharply over September with the rate of decline accelerating significantly compared to the more moderate August fall.

The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) decreased by 7.8% over September compared to the previous month and is now 19.7% lower than reported over September 2021.

Home lending over the first nine months of 2022 is 4.7% lower than recorded over the same period last year.

<img class="alignnone size-medium wp-image-13776" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-National-Home-Loans-Seasonally-Adjusted-800x387.jpg" alt="ABS National Home Loans Seasonally Adjusted" width="800" height="387" />

All states recorded falls in seasonally adjusted home lending over September, with WA the underperformer falling by 12.0%.

<img class="alignnone size-medium wp-image-13777" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Home-Loans-Monthly-Change-September-2022-800x404.jpg" alt="ABS Home Loans Monthly Change September 2022" width="800" height="404" />
<h2>Comment and Outlook</h2>
Capital city housing markets have continued to exhibit signs of a spring revival in buyer and seller activity following a winter of sharp declines.

House and unit asking prices again revealed generally modest monthly improvements over October for both houses and units following the positive early signs that emerged over September, with Adelaide reporting sharp monthly price increases.

Supporting improved price outcomes over October, average days on market have fallen over the month in all capitals for houses, and lower also for Melbourne and Adelaide units.

Weekend auction markets again recorded increased buyer and seller activity over October with all capitals with the exception of Brisbane recording higher clearance rates.

Rental markets remain tight for tenants generally, with record low vacancy rates for both units and houses in most capitals. Unit rents continue to surge as tenants gravitate to more affordable options to high-priced houses.

Tight rental markets reflect the chronic shortage of housing nationally with underlying levels of new building remaining well below the peak levels of 5 years ago. Dwelling building approvals were lower over September with activity still well below the same period in 2021.

House building costs continued to increase over September and remain significantly higher than recorded a year ago, acting to further constrain home building activity.

A strong national economy continues to support underlying housing market activity with the jobless rate remaining at record low levels, pushing up wages and supporting robust consumer confidence as evidenced by still-booming retail sales.

Although the RBA has predictably continued to increase interest rates to tackle rising inflation, its latest decision to again raise rates by the baseline 0.25% over November provides some hope that rates may peak earlier and lower than predicted - and act to further enhance consumer confidence.

Regardless, rates remain well below the peaks of a decade ago (and long term average rates in Australia) during the previous rate raising cycle, with numerous offsets such as high savings levels and rising wages acting to moderate the impact of higher rates on consumers and the housing market.

The maturing spring selling season continues to provide signs that recent housing market downturns may be easing, with buyers and sellers gradually re-entering marketplaces.

The Sydney and Melbourne markets are leading the way back, with rising local demand set to be supported by waves of post-covid international migrants seeking accommodation in housing markets that are currently clearly struggling to house their own populous.

Dr Andrew Wilson - Chief Economist My Housing Market

&nbsp;

If you'd like to discuss the current property market or better understand how we can assist you with finding the right builder for your new home, Knockdown Rebuild or house and land package,<strong> speak to one of our experienced New Home Advisors on 1800 184 284 or </strong>

&nbsp;

&nbsp;
<h6>In compiling this publication, the Publisher relies upon information supplied by a number of external sources. The publication is supplied on the basis that, while the Publisher believes all the information in it will be correct at the time of publication, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to the Publisher for the supply of such information. The data and projections should be used as a guide only and should not be relied upon in making investment decisions.</h6>

Boost for first home buyers in the 2022 Budget.

<span style="font-weight: 400;">Last night&#x2019;s Federal Budget had some great news for Australians looking to enter the housing market with the extension of the First Home Buyers Guarantee Scheme until June 2025. The Government has recognised one of the biggest barriers to getting onto the property ladder is saving the 20% deposit. On average it takes first home buyers eight years or more to save for a deposit.&#xa0;</span>
<h2><strong>5% Deposit available to more first home buyers</strong></h2>
You now require as little as 5% deposit to purchase a home. Eligible applicants no longer need to save a 20% deposit or take out lenders mortgage insurance (LMI) with the Home Guarantee Scheme expanded to 50,000 places per year until June 2025.
<ul>
 	<li>35,000 places will go to First Home Buyers looking to purchase a new or existing home.</li>
 	<li>Another 10,000 places will be available for both first-home buyers and previous homeowners in regional Australia.</li>
 	<li>Final 5,000 places for single parents.</li>
</ul>
&#xa0;

<img class="alignnone size-medium wp-image-12465" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2021/01/AdobeStock_275101185-800x533.jpeg" alt="selling your property" width="800" height="533">
<h2><strong>What you need to know</strong></h2>
<strong>As of July 1st 2022</strong> eligible First Home Buyers can purchase a home with as little as 5% deposit, with the Government providing a guarantee for the buyer to 15% of the purchase price, waiving the need for expensive mortgage insurance.

For instance, if you are looking at purchasing a home for $500,000 you only require a 5% deposit or $25,000 compared to $100,000. The new scheme means the government will step in and guarantee the remaining&#xa0;$75,000 of your loan, excluding government fees like stamp duty.

<span style="font-weight: 400;">There will be some eligibility criteria but what we know previously is:&#xa0;</span>
<ul>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There are thresholds on the value of the property, likely up to $700,000.</span></li>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There are restrictions on the type of property you can purchase. The great news is land and a separate contract to build a new home and House &amp; Land packages are included.</span></li>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There are caps on the amount that you earn. For singles, that is a taxable income of up to $125,000 per annum for the previous financial year, and couples with an income of up to $200,000.</span></li>
</ul>
<h2><strong>How we can help</strong></h2>
<span style="font-weight: 400;">Our iBuildNew New Home Advisors can discuss the eligibility criteria and how to apply for the scheme when it is released by the Government in the coming weeks. We are experts in helping first home buyers find their dream new home.&#xa0;</span>

<strong>Call 1800 184 284 to start exploring your new home property options and what the scheme means for you.</strong>

&#xa0;

Boost for first home buyers in the 2022 Budget.

5% Deposit available to more first home buyers

What you need to know

How we can help

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