House & Land Package
Vacant land and a construction contract bundled — two staged settlements.
What is House & Land Package?
A house and land package bundles the purchase of vacant land with a construction contract to build a new home on it. Two separate settlements: land first, then construction drawdowns as the home is built.
Why it matters for you
H&L packages often qualify for FHOG (most states), stamp duty concessions on the land component only (significant saving), and new-home depreciation schedules for investors. Finance requires coordinated approval across both land and construction portions.