With rising house prices, shifting interest rates, and government support for new builds, many Australians are asking the big question:
“Should I build a new home or buy an established one?”
At Gardian Finance, we help Mackay locals weigh the financial pros and cons every day. Here’s what you need to know to make the right decision in 2025.
🔨 Building a Home: What to Know
Building gives you the opportunity to create a home that’s tailored to your lifestyle, land, and future plans. With the right builder and block, it can be both exciting and financially smart.
✅ Pros of Building:
Government grants: First Home Owner Grant (FHOG) and other building incentives are still active in 2025.
Stamp duty savings: In QLD, you only pay stamp duty on the land, not the finished home.
Energy efficiency: New builds often meet modern environmental standards, reducing long-term running costs.
Customisation: From the floorplan to the finishes, it’s all yours.
⚠️ Considerations:
Rising construction costs: Labour and materials have increased in recent years.
Time delays: Weather, supply chain issues or approvals can slow things down.
Progress payments: You’ll need a construction loan that releases funds at each stage.
🏡 Buying an Established Home: What to Know
Buying an existing home gives you the certainty of moving into a finished property. It’s ideal for those who want convenience and a predictable timeline.
✅ Pros of Buying:
Move in sooner: Settle, pack, and start your next chapter without a construction wait.
Established neighbourhoods: Often closer to schools, shops, and transport.
Fixed costs: You know the full price upfront and can plan accordingly.
Renovation potential: Add value in your own time and budget.
⚠️ Considerations:
Higher stamp duty: You’ll pay duty on the full price of the property.
Maintenance: Older homes may require repairs or upgrades sooner.
Limited choice: You may need to compromise on layout or location.
💵 The Numbers: Which Is More Affordable?
In 2025, prices vary widely based on location, land availability, and build size. In regional centres like Mackay, building can still be cost-effective—especially with grants and low-deposit loans available.
But it’s not just about price. It’s about:
That’s where Gardian Finance can help you run the numbers.
🧠 So, What’s the Better Move in 2025?
There’s no one-size-fits-all answer. Here's a quick guide:
You might prefer to...If you want:BuildCustom design, government grants, lower stamp dutyBuySpeed, location, and predictability
🤝 We’ll Help You Compare the Real Costs
At Gardian Finance, we’ll walk you through all your options:
Whether you qualify for grants or low-deposit loans
What type of loan structure suits your situation
What your borrowing power looks like in today’s market
How to protect your budget during construction
📞
Call us on (07) 4953 2799🌐
Visit www.gardian.com.au📍
Drop by 73 Wood St, Mackay
Let’s help you choose the smarter path to homeownership in 2025.
