30/10/2026
What does waiting a year actually cost on a house and land package? Here’s a worked example, using a hypothetical $650,000 package ($320,000 land, $330,000 build).
The build is the sticky half. ABS data shows house construction prices rose 5.9% in the year to June 2026. At 5%, that’s roughly $16,500 more on a $330,000 build.
The land is the uncertain half. Melbourne values have been falling, so land could soften too. If it falls 5% (about $16,000), waiting would cost roughly $500 net. If it stays flat, about $16,500. If it rises 5%, about $32,500.
This ignores interest rates, rent, savings, and grants, which all matter. It’s not a reason to rush. It’s a reason to separate the two questions: what’s happening to land, and what’s happening to the build.
Illustrative only. General information only, not financial advice.
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