How To Buy

Building your own home offers something that no other property purchase can. Building new means starting with a blank canvas. It means you can get a home that's just right the way you and your family want to live, and then add your own style and character. At Mandalay, we understand this is both an exciting and daunting experience. There are two ways to buying your new home at Mandalay.

Choose Your Block and Builder

This is the most flexible option, where you choose your own builder and design. Every part of the design and build process is up to you, which is fantastic if you have clear ideas of what you would like.

Find a block of land

Choose a House and Land Package

Here, a builder has already secured the land and prepared a home design that's suited specifically to that block. You can generally change finishes inside and out, but not the floor plan. This helps reduce the seemingly endless decisions involved in designing a home.

Find a house and land package

Government Grants.

There are a number of government grants and bonuses on offer for people buying and building a new home. You may be eligible for one of the following"

IMPORTANT UPDATE TO THE FIRST HOME OWNERS GRANT

The First Home Owner Grant is available to first home buyers and if eligible from the 1st July 2021, you can receive a payment of $10,000. To check your eligibility visit the State Revenue Office website. First home buyers may also be eligible for a duty reduction when they purchase a new home.

If you are a pensioner you may be eligible for a duty concession or exemption. To find out whether you are eligible to receive a duty reduction or exemption visit the State Revenue Office website.

The Australian Securities and Investment Commission runs the Money Smart initiative that provides information designed to help people make more informed financial decisions and make the most of your money.

Calculators

Our calculators can assist you with your decision to live and build at Mandalay. Find out what your borrowing power is, calculate minimum loan repayments for any borrowed amount or calculate the stamp duty applicable to your desired block.

Checklist

Have you done your due diligence? This checklist a great starting point for all people looking to buy a home or block of land.

consumer.vic.gov.au/duediligencechecklist