First Home Buyer's Complete Building Guide
Everything you need to know about building your first home in Australia — from finance to handover. Written for buyers, not builders.
Get your finances sorted first
Before looking at house designs, understand your borrowing capacity. Speak to a mortgage broker who specialises in construction loans — they're structured differently to standard home loans, with progressive drawdowns during each build stage.
Understand what 'turnkey' vs 'base price' means
A builder's advertised 'from' price rarely includes everything you need to move in. Turnkey means the home is ready to live in — with flooring, window furnishings, landscaping, and driveway included. Base price often excludes all of these.
Visit display homes — but take notes
Display homes are fitted out with upgrades. Bring a notepad and ask the sales consultant to mark what's standard and what's an upgrade for every feature you see. Don't assume anything.
Compare inclusions, not just price
A builder with a $30,000 lower base price may have $40,000 worth of features as upgrades. Always compare what you'd actually pay for the same finished home, not the headline price.
Ask about site costs early
Site costs cover earthworks, drainage, soil testing, and connections to services. They're not included in advertised prices and can range from $15,000 to $60,000+. Get a site assessment before committing.
Read the contract carefully
Building contracts are long and complex. Look for provisional sums (estimates that can change), exclusions lists, variation clauses, and what triggers price increases. Consider a solicitor review before signing.
Budget for upgrades
Most first home buyers upgrade more than they plan to. Budget an additional 10–15% on top of your base price for upgrades, site costs, landscaping, and post-handover costs like blinds and furniture.
Common first home buyer mistake
Falling in love with a display home and signing a contract without getting a written inclusions list. Always get the full inclusions document before committing — verbal assurances don't hold up in a dispute.
Frequently Asked Questions
Am I eligible for the First Home Owner Grant?
Eligibility depends on your state and the value of the property. In Queensland, new builds under certain thresholds may qualify. Check your state revenue office for current criteria.
What is a construction loan?
A construction loan releases funds progressively as each build stage is completed. You only pay interest on the amount drawn down, which reduces interest costs during the build.
How long does it take to build a new home?
For a standard project home, expect 6–12 months from slab pour to handover, depending on the builder and local conditions. Add 2–4 months for approvals and permits before construction begins.
Can I make changes after signing the contract?
Yes, but changes (called variations) typically incur fees and can delay your build. Lock in your selections as early as possible during the colour and tender appointment.
Helpful Checklists
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