Frequently Asked Question
Let’s Get You Ready
Before you Buy or Build
Do I need my finance approved before I speak to you?
No, you don’t need finance approved before speaking to us. Ideally, having some deposit savings helps, but even if you don’t yet, we can guide you on what steps to take and how to prepare.
What if I don’t have finance approval yet?
That’s completely fine. Many buyers speak to us before formal approval. We help you understand what you may qualify for and how to prepare so you’re ready when the time comes.
Can you help me prepare for finance approval?
Yes. We guide you on what lenders usually look for, how deposits work, and what information you’ll likely need so you can approach finance with confidence.
Do I need to have a full deposit before speaking to you?
Yes — if you’re looking to secure a property straight away.
No — if you’re seeking guidance, advice, and clarity on what to do, how to do it, and how to prepare financially.
In many cases, buyers need around 5% for the land and 5% for the build, depending on the structure.
Let’s Talk Numbers
Deposits, Costs & Government Support
How much deposit do I need to buy land?
Typically, around 5% of the land price is required to secure the land, with the balance paid at settlement. This can vary depending on the developer and contract terms. For some government schemes starting from 2% deposit as well.
How much deposit do I need for the build?
Usually around 5% of the build price is required to commence the building contract. This may vary depending on the builder and finance structure.
What upfront costs should I budget for?
Upfront costs may include:
Holding deposit / Initial Deposit
Contract deposit / Balance Deposit
Legal or conveyancing fees
Stamp Duty
Capital Gains Tax
Settlement adjustments
We help you understand these clearly before you commit.
Are there any hidden costs in house & land packages?
We focus on fixed-price builds, where site costs and inclusions are disclosed upfront. Any potential variations are explained clearly before contracts are signed.
What government grants or support may be available?
Depending on your eligibility, you may have access to:
First Home Owner Grant (FHOG)
Stamp duty concessions
Other state-based support
Eligibility depends on property type, value limits, and buyer history.
Do grants reduce the amount I need to save?
Grants can help reduce your overall contribution, but most lenders still require genuine savings. We help you understand how grants fit into your overall plan.
Crafting Your Future Home
The Build Process
How does the house and land build process work?
Typically, you secure land first, then sign a separate build contract. Construction begins once approvals are complete and the land is ready.
What is a fixed price build?
A fixed price build menas the agreed scope and inclusions are priced upfront. Changes or upgrades may affect the final price, which we explain before you commit.
What do I get to choose in my build?
You ussually can choose floor plans, facade, colours, fixtures and inclusions. Options vary by builder, and we help you understand what’s included versus optional upgrades.
What can cause price changes during a build?
Price changes usually occur only if you request variations, upgrade inclusions, or make design changes after contracts are signed.
How long does it take to build a home?
Construction can finish up from around 22 weeks (approx 6 months) and up. Generally, single storey homes are built quicker than double storey homes. Timeline depends on factors such as council approvals, pre-construction requirements, and weather conditions in Australia.
What happens if something is delayed?
Delays can happen. We help set realistic expectations, keep you informed, and guide you through the process if timelines shift.
Preparing for Settlement
Land Registration and Timing
What is land registeration?
Land registration is when the land is officially registered with the titles office and becomes legally ready to settle and build on.
What happens if land registration is delayed?
Delays are common. Contracts are structured to allow for this, and we keep you updated so you’re not left guessing.
What happens while I’m waiting for land registration?
During this time, you can finalise designs, approvals, and preparations so construction can begin sooner once the land is registered.
Invest with Confidence
Investors
Is building better than buying an existing property for investors?
New builds often offer depreciation benefits, lower maintenance, and strong tenant appeal. The right option depends on your strategy and goals.
Do you help with investment strategy, not just property selection?
Yes. We focus on long-term strategy, not just the property itself — including yield, growth drivers, and risk management.
Do you provide rental estimates?
Yes. We help assess rental demand and expected returns as part of the investment planning process.
Do you work with interstate investors?
Yes. We assist investors Australia-wide and can manage the process remotely.
Before You Begin
General
What makes AK Estate Group different?
We focus on education, strategy, and matching buyers with the right option — not pushing stock.
What happens after I enquire?
We start with a conversation to understand your goals, then guide you step-by-step through the next best actions for your situation.
Do you provide rental estimates?
Yes. We help assess rental demand and expected returns as part of the investment planning process.
Do you work with interstate investors?
Yes. We assist investors Australia-wide and can manage the process remotely.