4 key factors when choosing a land lot in Melbourne’s West
Melbourne’s West has plenty to offer if you’re looking for a quality lifestyle, to raise your family, to invest in, or to eventually retire. The region is growing rapidly for the lifestyle benefits it offers. Only thirty minutes from Melbourne’s CBD, it’s close enough to work in the city but far enough to give you more space, fresh air and less traffic.
And this translates to more quality time for yourself and with your family.
Land in Truganina and surrounding suburbs such as Tarneit and Rockbank, have shown solid growth over the last few years, supported by the regional government’s continuous investment in local facilities.
So how do you choose which land is right for you?
We’ve listed four key factors for you to consider when choosing the right land to build your future home upon.
1. Location in the neighbourhood
How close or accessible will you be to local schools, transport to and from work, childcare centres, shopping centres and the everyday facilities/amenities you need? Find out what the local council is planning for the area and whether there are new shopping centres or schools planned.
If you and your family enjoy the outdoors, then accessible parks, bike and walking trails may be a priority in your decision making.
2. Location in the masterplan
Just as important is the location of the land in the masterplan. You may prefer a quieter section of the estate or one that backs onto walking trails and parks. Or you might like to be closer to the centre of activity, near the local community facilities.
Are you raising a family, building a dream home or buying your very first home? If you have young and growing family, you’ll need more space outside for little people to explore. If you don’t like the idea of maintaining a garden, you might opt for a smaller block with a two-storey home.
4. Position and aspect
The angle of the sun will determine how you build your home so pay attention to the aspect and position of the land. You may prefer an energy efficient home and need the sun shining on a specific area of the house if you plan on installing solar panels. Or if you plan to install a swimming pool, you may prefer morning or afternoon sun while you take your daily swim.
Olivia Estate offers a wide range of choice and variety to suit different budgets and needs. As a small boutique community with 700 homes, Olivia has 6.5 hectares of open spaces including a 4.5-hectare sporting ground, and 2 hectares of family-friendly landscaped parklands.
An interactive 1.27-hectare feature park is proposed at Olivia which will include a state-of-the-art playground for all ages and abilities. Stay tuned for more information about this.
$35K to $55K worth of incentives available to buy and build in Melbourne’s West!
There are several government incentives to help you buy your land and begin to build your home. This is money that can end up in your own pocket and go a long way toward your future investment. Read our blog $35k+ worth of reasons to start building your dream home at Olivia.
Here’s a brief rundown of incentives available:
The HomeBuilder Grant – the government’s HomeBuilder Grant provides a $15K – $25K grant toward the build of your new home. To be eligible for the $25K grant, building contracts must be signed before December 31, 2020. For the $15K grant, building contracts must be signed between January 1, 2021 – March 31, 2021.
The $10K First Home Buyers Grant – if you’re buying or building your first home in Melbourne valued up to $750,000, you may be eligible for a First Home Owner Grant (FHOG) of $10,000.
The First Home Loan Deposit Scheme – with this scheme you can buy a home with as little as 5% deposit if you are eligible.
Find out more about a lifestyle at Olivia in Truganina
We are here to answer your questions about buying in Melbourne’s West. Truganina is close to the freeway but quiet at the same time, which makes it ideal for getting to and from the CBD. It’s only 5 minutes to Rockbank Station. There are two shopping centres – Mt Atkinson and Rockbank Town Centre, both within 5-10 minutes of Olivia.
If there is anything you want to know, please contact our Estate Manager Christian on 0422 871 939 or email [email protected].