Robbie Shepherd 11 February 2026
Turnkey vs House and Land Packages
If you are looking at new build options, you will likely come across two main types, turnkey packages and house and land packages. Both can get you into a brand-new home, but the way they work, how you pay, and the level of involvement required are quite different. Understanding these differences early can save a lot of stress and help you choose an option that suits your goals, whether you are buying your first home or building a property investment portfolio.
Turnkey
With a turnkey build, you typically pay a small deposit when you sign the contract and the balance once the home is fully completed. The construction company (or builder) own the land and manages the entire project, including construction, landscaping, driveways, fencing, and in some scenario’s appliances. The idea is simple. When you get the keys, the home is ready to live in or rent out immediately.
One of the biggest advantages of turnkey is certainty. The price is fixed upfront, so there are no surprises along the way. Because you are not making progress payments during construction, you avoid the need to fund multiple stages of the build. This also means you do not start paying your mortgage until the home is finished, which can make cash flow much easier to manage.
Turnkey builds are often seen as a lower stress option. You do not need to coordinate trades, manage timelines, or worry about construction delays impacting your finances. For investors, this can be especially appealing, as the property is delivered ready for tenants with minimal involvement required. For first home buyers, it offers a clear and simple path into a new home without the complexity of managing a build.
House and Land or Progressive Payment
With a house and land package, the process is more hands on. You usually purchase the land first under one contract, then enter a separate building contract for the house. Finance is required for both stages, and payments are made progressively as the build reaches certain milestones such as foundations, framing, and completion.
This structure gives you more control. You may have greater flexibility around the design, layout, materials, and finishes. In some cases, house and land can offer better value, particularly if you are comfortable making decisions and being involved throughout the build.
However, there are more moving parts. Because construction payments begin earlier, you start paying interest sooner, even while the home is still being built. There is also more exposure to delays or cost increases if variations are made along the way. Managing timelines, budgets, and communication with builders requires more time and attention, which is not ideal for everyone.
Which is right for you?
The right option comes down to your personal situation. Turnkey suits buyers who value simplicity, certainty, and minimal involvement. It is often a good fit for first home buyers, busy professionals, and property investors who want a set and forget approach.
House and land suits buyers who want more control over the final product and are comfortable being involved in the build process. It can suit experienced investors or owner occupiers who enjoy having input and are prepared for a more complex journey.
Both options can be great. The key is choosing the one that aligns with your goals, experience level, and how much time and energy you want to put into the process.