The concept of bundling residential property with its building site, often termed a “house and land package,” involves acquiring both the land and a pre-designed or customizable home construction plan in a single transaction. This arrangement simplifies the building process for the purchaser, offering a potentially streamlined path to homeownership. Examples include developments in newly established suburbs where multiple properties are offered with varying house designs for different lot sizes.
Such arrangements can be attractive due to their fixed-price nature, providing cost certainty. Furthermore, they may offer opportunities for capital growth as the land appreciates and the dwelling is constructed. Historically, these packages have been particularly popular in areas experiencing population growth and urban expansion, driven by the demand for affordable housing and the desire for new, modern living spaces.
