Stage 1 of 6
House and land vs off-the-plan vs new build
Building or Buying a New Home
Stage 1 / 6 · Pick your path
House and land vs off-the-plan vs new build
Buying a finished new home, signing off-the-plan two years out, or owning the land and contracting a builder. Three very different lending, deposit and risk profiles.
These three paths look similar from the kitchen showroom. The lending and the risk profile couldn’t be more different.
How they differ
Off-the-plan
Deposit timing10% on signing, balance at completion
Loan typeStandard at completion
Main riskSunset clauses, valuation gap
Land + build
Deposit timingLand deposit, then build progress
Loan typeConstruction loan
Main riskBuilder insolvency, cost overruns
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.