Why a New Home is a Better Bargain than an Established Home

We develop house and land packages in desirable Perth suburbs. One of the questions we are often asked is “why should I buy a new home instead of an established one?” For first home buyers, there really shouldn’t be a question. But what about everyone else? Here are why both groups benefit from a new home.

First Home Buyers

For first home buyers, it’s a “no-brainer.” The state provides a First Home Owners Grant (FHOG) of $10,000 for those buying a new home. The basic requirements are that it has to be your first home and it has to cost less than $750,000. In addition, they also offer the First Home Owners Rate of Duty (FHOR). We won’t get into all of it, but it represents a sizeable reduction in the overall price of the home.

Why New House and Land Packages are Better for Everyone

When you build a new home, you don’t have to pay stamp tax duty on the building: only the property. This saves you a lot of money, but it gets even better. Not only do you not have to pay stamp tax on the house, you can also depreciate it on your taxes over a period of years. That’s right: you get to count the projected depreciation of your building against your income when you are figuring out your taxes.

There are some other great perks. Our builders guarantee their work over a period of years. So, in addition to your home being new, the builder will fix it for you for a specified period of time. Guarantees vary from builder to builder, so be sure to find out what your builder offers.

Established homes tend to develop problems. Meanwhile, your brand new home will be in perfect condition for a number of years after you buy it.

Call Origin Projects Today

Whether you are a first home buyer or a veteran on the market, a new home is usually better than an established home at the same price. To learn about some great house and land packages in Perth suburbs, call Origin Projects today: (08) 6500 4488.