Guide to buying land

Everything you need to know

Follow our 8 simple steps and you will be throwing a house-warming party before you know it!

We know that it is very exciting to build your first home – and that it can seem like a huge and overwhelming task!

We also understand that buying and building your dream home involves many big decisions and can be a bit confusing, particularly if you have never done it before.

If you are considering buying a block of land and building a new home in Western Australia, follow our simple steps and you will be throwing a house-warming party before you know it!

The Buyers Process

STEP 1 - Research
Think first about where you want to live, what sort of house you want to buy and what your budget might be. Building a new home is an exciting adventure but choosing the location of your block of land is just as important as choosing what to build on it. Start considering where you want to live and what type of amenities you want to be close to. Things to think about when you first start looking at areas should revolve around your lifestyle and will vary from person to person, but often include access to transport, schools, shopping, parks, recreational areas and proximity to work, family and friends. This should help you narrow down a general region in which you wish to live. It is very important to have a good understanding of your budget and what you can afford, then speak to a bank or finance broker and find out how much you can borrow. This process will be easier for you if you can get pre-approval from your lender too so you can move quickly when you find the block you want to build your dream house on.
STEP 2: The Contract - signing on the dotted line
There are a few main stages in the contract signing process you need to be aware of: a) signing the contract to purchase land with the land developer; b) contract acceptance by the developer (at this point you usually have approximately 7 weeks to gain unconditional approval); c) appointment of a settlement agent (they organise the transfer of the title into your name and will guide you through the purchase process); and d) signing the contract to purchase a house with your chosen home builder.
STEP 3: Finance – Apply to your bank
You will need to apply to your bank for finance, and you must be able to prove your identity, income, assets and liabilities and past tax returns. Make sure you also find out if you qualify for the First Home Owners Grant. You will then receive unconditional approval from your bank and loan documents for signing. Your settlement agent will then organise the transfer of land documents for signing.
Show More
Learn more
About finance and settlement when buying.
Learn more - buying process
Opening hours

MON-WED 2-5PM; THU-FRI CLOSED; SAT 10AM-5PM; SUN 1-5PM

Visit

BRIGADE LANE, ELLENBROOK WA 6069 (OFF GOODWOOD CRESCENT)

Get Directions
Get in touch

Call us on (08) 9297 9999
or email
Ellenbrook

GET IN TOUCH
Sign up
Keep up to date with the latest offers and news
Subscribe
Looking for plans and information about building at Ellenbrook?
BUILDING AT ELLENBROOK