Calculating home squares, lot sizes, and floor plan measurements

Affordable boutique home and land packages in Melbourne's west showcasing the best designs and features for modern living.

If you're not familiar with the home building industry, the terminology around home sizes can be confusing. Terms like squares, square metres, and per square metre pricing often come up when you're exploring homes to build or purchase. Understanding these terms and how they differ is essential when planning your space and deciding where to place fixtures, fittings, and furniture in your future home.

This knowledge becomes even more important if you're embarking on a knockdown and rebuild, building on an empty block, or selecting a home and land package. Accurately calculating the size of your home ensures that your design makes the most of the available space and meets your needs, both now and in the future.

What are house squares or builder's squares?

In Australia, squares (or builder’s squares) are the most commonly used measure of house size. They are typically used to describe the size of a room or an entire building.

One square equals 100 square feet. To calculate the square footage of a space, you simply multiply its width by its length. For example, a room that measures 10 feet by 10 feet is 100 square feet (10 x 10 = 100), which equals one square.

If your home is a perfect rectangle measuring 70 feet by 30 feet, it totals 2100 square feet. To convert that into squares, divide the total by 100 (2100/100 = 21). This means the home is 21 squares.

Note: One foot equals 30.48 centimetres, and there are 3.28 feet in a metre.

Square metres, also referred to as metres squared, sqm, or m², are commonly used to measure the area of a space in Australia. This measurement is typically applied to block or lot sizes and, in some cases, the size of buildings.

To calculate square metres, multiply the width of the area by its length, both in metres. For example, if you have a square with sides of 1 metre each, its area is 1m². A home block that is 10 metres by 20 metres would cover 200 square metres (10 x 20 = 200m²).

Squares to square metres, how to do it?

If you’re not familiar with imperial measurements, converting squares to square metres can be easier to visualize.

To convert a home advertised in squares to square metres, multiply the number of squares by 9.290304. For instance, a home measuring 54 squares would equal approximately 501.6 sqm (54 x 9.290304 = 501.6).

For convenience, we recommend using an online conversion tool, such as the convert units calculator.

Happy couple standing in front of their new home in Melbourne's south-east, holding a "Sold" sign and smiling

How to calculate house squares for your home

Knowing the number of squares in your home is extremely useful when considering a new home build, choosing a boutique style Senka home and land package in Melbourne or even renovating.

If you’re more comfortable with metric measurements, we suggest starting with square metres and completing a two-step conversion to squares.

  1. Break Down the Area by Room: Measure each room’s dimensions (width and length) and multiply these figures together. Repeat this for every room, then sum the totals to obtain the overall square metreage of your home.

  2. Convert to Squares: Divide this total by 9.290304 to determine the number of squares.

Keep in mind that these figures will be approximate. For L-shaped or rounded rooms, you may need to break the space down into smaller shapes for a more accurate calculation.

The table below can be a helpful reference if you’re not keen on performing the calculations. These values are rounded, so consider using an online calculator for precise results.

What is the average home size in Australia

Australia boasts some of the largest house sizes in the world, according to data commissioned by CommSec from the Australian Bureau of Statistics.

In 2019/20, the average size of a newly built Australian home reached 235.8 square metres (or 25.38 squares), marking a 2.9% increase compared to the previous year. During the same period, the average size of Australian apartments also rose to 136.8 square metres (approximately 14.73 squares).

Before the pandemic, the trend was slightly different, with Australians constructing smaller homes on average. According to the ABS, the average block size for new homes in Australian capital cities has gradually decreased, falling from 602 square metres in 2005-06 to 467 square metres in 2019-20.

At Senka Homes, we have conducted a data analysis over the last eight years of building homes for first home buyers and investors in Melbourne. Our findings reveal that the average size of single-storey homes across all our builds is 22 squares, which closely aligns with the national averages mentioned above.

How to work out per-square-metre pricing?

Calculating the price per square metre for home construction is an effective way to compare different builders and understand the cost breakdown of similar projects. This method can also help you plan your budget more accurately.

The per square metre (m²) figure serves as a useful starting point and is often used by builders to estimate pricing. This approach involves multiplying the total floor area, measured in square metres, by the corresponding per square metre rate.

However, it’s essential to carefully review the provided quote and clarify what is included and excluded to gain a complete understanding of the costs involved in your project. This process can become quite complex, as each builder offers a significantly different range of internal and external inclusions, as well as varying quality of materials.

At Senka Homes, our standard inclusions are often what many builders consider upgrades, which can further complicate comparisons. As a result, what may seem like a straightforward comparison can lead to misunderstandings if the details aren’t fully understood.

Measurements for Senka Homes

At Senka Homes, we advertise the total home size in squares (sq) for our properties. We also provide the size in square metres (m²) to spare you from doing the calculations!

Our completed homes for sale feature the total lot size in square metres, indicating the size of the block on which the house is built.

For more information about Senka Homes or to discuss the ideal home size for your block or family, please contact our friendly team.

Affordable House and Land Packages in Melbourne: Your Smart Investment Opportunity

A happy couple celebrating in front of their new home, showcasing affordable house and land packages in Melbourne.

In the ever-evolving landscape of real estate, the dream of homeownership can often feel elusive, particularly in a vibrant city like Melbourne. With rising property prices, many prospective buyers find themselves grappling with the question: Is investing in affordable house and land packages a smart move?

Understanding House and Land Packages

A house and land package typically combines the purchase of a block of land with a home that is either built or designed to be built on that land. This approach allows buyers to simplify the process of homeownership, as they can choose both their property and the design of their home in one cohesive package.

Key Features of House and Land Packages

  • Fixed Price: Most packages come with a fixed price for both land and construction, helping buyers avoid unexpected costs.

  • Customisation: At Senka Homes we offer options for customising floor plans, fixtures, and finishes, enabling buyers to tailor their homes to their preferences.

  • Streamlined Process: Purchasing a house and land package typically involves fewer steps than buying land and then contracting a builder separately, making it a more straightforward path to homeownership.
A young couple standing in front of their new, affordable home, smiling and holding a brochure about house and land packages.

The Appeal of Affordable Options

With Melbourne’s property market experiencing significant growth, finding affordable house and land packages can be challenging. However, several suburbs offer viable options for those looking to invest without breaking the bank.

Factors Influencing Affordability

  • Location: Suburbs on the outskirts of Melbourne often provide more affordable options compared to inner-city areas. Consider areas like Werribee, Melton, and Cranbourne, which are rapidly developing and still relatively affordable.

  • Government Incentives: The Australian government offers various incentives for first-home buyers, including grants and stamp duty concessions, which can make house and land packages more accessible.

  • Market Trends: Staying informed about market trends can help buyers identify emerging suburbs that are likely to increase in value over time.

Is it a Smart Investment?

Investing in affordable house and land packages can indeed be a smart choice for many, provided that buyers approach the process with careful consideration and planning.

A stunning new home built as part of a house and land package, featuring modern architecture and landscaped garden.

Benefits of Investing in House and Land Packages

  • Equity Building: Owning a home is one of the most effective ways to build equity. As property values rise, your investment in a house and land package can yield significant returns.

  • Low Maintenance Costs: Newly built homes often require less maintenance than older properties, allowing you to save on upkeep costs in the initial years of ownership.

  • Tax Benefits: Homeowners can take advantage of various tax benefits, including negative gearing and potential capital gains tax exemptions when selling their property.

  • Community Development: Many new developments come with amenities such as parks, schools, and shopping centres, contributing to a higher quality of life and potentially increasing property value.

Considerations Before Investing

While house and land packages offer numerous benefits, it’s essential to consider a few factors before diving in.

Research the Location

Before committing to a package, research the area thoroughly. Look into factors such as:

Growth Potential: Investigate the suburb’s growth trends and future developments, such as infrastructure projects, schools, and commercial hubs, which can affect property values.

Community Amenities: Assess the availability of essential services, including public transport, healthcare facilities, and recreational areas, which can enhance your living experience.

Understand the Fine Print

Each house and land package may come with its own set of terms and conditions. Make sure to:

Review Inclusions: Ensure you understand what is included in the package, such as landscaping, fencing, and site costs. Some packages may appear affordable at first glance but may have hidden costs that add to the overall price.

Check Building Quality: Research the builder’s reputation. Opt for reputable builders like Senka Homes that are known for their quality workmanship and transparency.

Evaluate Your Financial Situation

Before making a commitment, evaluate your financial situation carefully:

  • Budgeting: Create a detailed budget that factors in your mortgage repayments, property taxes, insurance, and potential maintenance costs.

  • Loan Pre-Approval: Consider obtaining pre-approval for a home loan to understand how much you can borrow and what your repayments will be.

Navigating the Purchasing Process

Once you’ve done your research and decided to invest in a house and land package, it’s essential to navigate the purchasing process effectively.

1. Choose the Right Builder

Selecting the right builder is crucial to ensuring a smooth experience. Look for builders with a proven track record, good customer service, and positive reviews from previous clients.

2. Explore Design Options

Take advantage of the customisation options available in your chosen package. This is your opportunity to create a home that meets your family’s needs and reflects your style.

3. Finalise Contracts

Once you’ve selected a package and builder, you’ll need to review and sign contracts. Be sure to engage a legal professional to help you understand the documents and protect your interests.

Making an Informed Decision

Affordable house and land packages in Melbourne present a unique opportunity for many aspiring homeowners. By thoroughly researching locations, understanding the market, and carefully navigating the purchasing process, buyers can make informed decisions that align with their financial goals.

Investing in a house and land package can be a smart move, providing the potential for long-term financial security, a sense of community, and a place to call home. With the right approach, Senka Homes can help you turn your dream of homeownership into a reality.

How to secure your home and land package in Melbourne with Senka Homes

For personalised guidance and expert advice, contact one of our home and land experts at Senka Homes today!

Are you a first home buyer? Here’s your ultimate guide to home and land packages in Melbourne.

A modern and affordable home set within a picturesque landscape in Melbourne's West and South East. The image showcases a spacious front yard and contemporary architecture, reflecting the value and charm of affordable living in family-friendly communities.

Building your first home can be overwhelming. From understanding orientation and fall to securing financing and selecting a floor plan that aligns with your block, lifestyle, and budget, there are numerous factors to keep in mind.

This is where home and land packages come into play. These packages are essentially curated options prepared by your New Homes Consultant. They highlight a range of available blocks in Victorian estates, paired with Senka Homes' floor plans that best fit the dimensions and orientation of your chosen block.

To try and make the home building process as easy as possible, we’ve created a simple-to-understand guide to help you find the right home and land package.

First, organise your finance

Before diving into home and land packages, it’s essential to understand how much you can borrow and what your monthly repayments will be. Establishing a clear budget will help you narrow down your property options from the start.

At Senka Homes, we can connect you with an expert home and land broker who will guide you through the entire process from assessing your borrowing power and monthly repayments to determining the deposit and savings needed to secure a home loan.

From there, we can discuss your preferences and desired location.

Your borrowing capacity will depend on various factors, including your income, existing debts, and the number of dependent children.

Most lenders require you to demonstrate that you’ve saved at least five per cent of your home loan deposit as genuine savings. This means the funds should be in your bank account untouched for at least three months prior to your application.

Once you’re clear on your finances, it’s time to start searching for your dream home and land package. Meanwhile, your broker will begin working to find you the right home loan deal.

How to find the perfect block of land

Location, Location, Location

Our home and land packages are situated within designated building zones, including Metro Melbourne, Geelong. When selecting an estate or your own block, consider what matters most to you. Would you prefer to be close to work or near friends and family? How important are public transport options or freeway access to your daily routine?

Research the suburb thoroughly and assess its prestige and potential for growth. Location is a crucial aspect of the buying decision, as it can greatly influence how connected you are to various aspects of your life. It will also significantly affect your property’s future value.

Land Orientation

When considering a block of land, it’s essential to think about its orientation specifically, which direction your future home will face. Why does property orientation matter? The short answer is sunlight.

Natural light can make rooms feel larger and enhance your overall well-being. Nobody enjoys living in a dark space! From reducing the need to turn on lights during the day to ensuring that the kids’ bedrooms avoid the harsh heat of the afternoon sun, the orientation of your block is an important factor to consider.

A Quality Land Developer

When placing a deposit on land, it’s crucial to ensure you’re getting value for your investment. If there are shops, parks, and other facilities proposed for your estate, you want to be confident that they will actually be delivered. Many developers have abandoned such plans to prioritise more sellable blocks, which can lead to disappointment.

Timely delivery is also essential and without it, how can you effectively plan your move in dates or leasing agreements? The good news is that experienced builders like Senka Homes have established relationships with reputable developers and can guide you in the right direction.

Land Title Dates

When land is titled, it signifies that it is officially ready to begin the building process. At this stage, the land has been subdivided into individual blocks, and essential infrastructure such as roads, gas, and power are in place.

Title dates can vary significantly ranging from immediate availability to a year or more. Some buyers take advantage of a longer title timeframe, as it allows them to secure the land at a fixed price while continuing to save for their home. Others prefer a quicker title date so they can move into their new home as soon as possible.

A beautiful and affordable home set in Melbourne's west, showcasing modern architecture with a spacious front yard. The image highlights the inviting landscape and nearby amenities, reflecting the charm and convenience of the local community for families looking for their dream home.

Included amenities

Are schools, shops, parks, and shared exercise spaces included in your chosen estate? These amenities are not only vital for your lifestyle but can also significantly impact your long term property value and future rental yields.

If the amenities you desire aren’t available within your estate, consider whether they are close enough to meet your needs and goals.

Finding the right floorplan and why it is important

It’s important to remember that home and land packages offer just one of the many options available for your new home. If you love the location of an estate but find the floorplan doesn’t quite suit your needs, or if you’ve already found your ideal design and need a block that complements it, your New Homes Consultant is here to help.

Home and land packages serve as valuable conversation starters, enabling us to understand your specific needs and aspirations. This insight allows us to find the perfect package tailored to your lifestyle.

While there are guidelines regarding floorplan modifications, we recognise that each customer has unique preferences and needs, and we pride ourselves on our flexibility.

Our home and land packages in Victoria feature industry leading standard inclusions, with a focus on high quality suppliers and trades. We offer fixed, upfront, and transparent pricing, along with a variety of optional upgrades, allowing you to personalise your new home to match your individual style and preferences.

Are Home and Land Packages Turnkey?

When considering home and land packages, a common question arises: Are they turnkey? The answer is nuanced and depends on the specific package and builder.

Turnkey home and land packages typically mean that the home is complete and ready for you to move in, with all the finishing touches done. This often includes landscaping, fencing, and sometimes even furnishings. However, not all home and land packages fall into this category.

Some packages may offer a house that is partially completed, leaving room for you to customise or finish certain elements according to your preferences. This can be a great option if you’re looking for a more personalised touch in your new home.

Before choosing a home and land package, it’s crucial to clarify what “turnkey” means in the context of the specific offering. Always discuss with your New Homes Consultant to understand the details of what is included and how much work, if any, will remain for you after the purchase.

In conclusion, whether a home and land package is turnkey will vary by the builder and the package itself. Ensuring clear communication and understanding the inclusions will help you make the best decision for your new home journey.

How to secure your home and land package in Melbourne with Senka Homes

For personalised guidance and expert advice, contact one of our home and land experts at Senka Homes today!

Steel roofing stands out as the perfect choice for your dream home.

Steel Roof and Colorbond

Create with a focus on a better tomorrow and learn about the many benefits of steel roofing.

Not only does steel roofing enhance your home's aesthetic appeal, but it also provides numerous benefits, including exceptional durability, energy efficiency, and minimal maintenance requirements. By choosing steel roofing, you can create a dream home that remains comfortable and visually striking for years to come, ensuring long-term value and satisfaction.

Steel roofing is the perfect choice for homeowners seeking an ideal solution to bring their dream build to life.

When embarking on the journey of building your dream home, every detail matters. The excitement and sense of achievement that come with creating a space where memories will be made and dreams will come to life are unparalleled. At Senka Homes, we understand that your home is not just a structure but a reflection of your vision, creativity, and lifestyle.

A crucial aspect of making your dream project a reality is selecting the right roof. The roof constitutes approximately one-third of your home’s exterior, influencing its overall aesthetic and curb appeal. More than just a design element, it plays a vital role in protecting your most cherished possessions within the home. Choosing the right roofing material can significantly affect the long-term value and performance of your build, making steel roofing an ideal choice.

Here are 11 essential reasons why opting for a steel roof is an outstanding solution for your dream home:

Stunning Aesthetics

Steel roofing offers a visually striking and modern finish that enhances the overall design of your home. With contemporary manufacturing techniques, steel is available in various profiles that not only maximise design appeal but also ensure durability. This versatile material complements most home styles, from traditional to contemporary, ensuring your residence stands out.

Single storey home designs by Senka Homes in Melbourne.

Low Maintenance

One of the most appealing features of steel roofing is its minimal maintenance requirements. After installation, the upkeep involves simple inspections and occasional rinsing, especially in coastal areas. Unlike other roofing materials that may need frequent repairs or replacements, steel roofs are built to last, allowing you to focus on enjoying your home.

Protection Against the Elements

Steel roofing is engineered to withstand harsh weather conditions. Whether it’s hail, high winds, torrential rain, or heavy snowfall, steel provides superior protection. Its non-combustible nature makes it an excellent choice for fire-prone areas, as it resists sparks and embers, ensuring safety for you and your family.

Security Assurance

The installation process of steel roofing ensures that it is securely fixed in place, making it impervious to unauthorised access. This added layer of security gives homeowners peace of mind, knowing that their home is well-protected.

Home and land options available in Melbourne.

Premium Performance

Not only does steel offer durability, but it also boasts exceptional performance characteristics. We utilise advanced technology to ensure that the color is expertly bonded to the steel, preventing peeling, chipping, or cracking. Our superior painting technology protects against corrosion, ensuring vibrant color retention for years to come. With steel roofing, you can trust that your home will look great while standing the test of time.

Environmental Benefits

Choosing steel roofing is an environmentally conscious decision. Steel roofs are known for their excellent insulating properties, which help regulate temperature throughout the year. This can lead to significant energy savings and a reduced carbon footprint. Additionally, steel is a 100% recyclable material, meaning it can be repurposed at the end of its life, contributing to a more sustainable future.

Extensive On-Trend Colour Range

With a vast array of color options available, steel roofing allows you to unleash your creativity and tailor your home’s aesthetic to your personal style. At Senka Homes, we offer an extensive color palette that enables you to achieve a bespoke look, whether you prefer subtle tones to blend with your environment or bold colors that make a statement.

Water Management

Steel roofing excels in water runoff, minimising the risk of moisture absorption and water accumulation that can lead to corrosion and mildew. This feature makes steel an ideal choice for rainwater harvesting systems, allowing you to collect and utilise potable water efficiently. Effective water management helps maintain the integrity of your home while promoting sustainable practices.

 

Extensive On-Trend Colour Range

With a vast array of color options available, steel roofing allows you to unleash your creativity and tailor your home’s aesthetic to your personal style. We offer an extensive color palette that enables you to achieve a bespoke look, whether you prefer subtle tones to blend with your environment or bold colors that make a statement.

Lifetime Cost Saving

While the initial investment in steel roofing may be slightly higher than other materials, its long-term cost benefits are undeniable. The low-maintenance nature of steel means you won’t have to spend money on frequent repairs or replacements. Additionally, the energy efficiency of a steel roof can lead to substantial savings on utility bills over time, further enhancing its cost-effectiveness.

How do house and land packages work and what are the benefits?

House and land packages offer a simplified approach to building a new home, combining the purchase of land with the construction of your home into one seamless solution. This option is ideal for homebuyers seeking to streamline the process and avoid the hassle of managing two separate contracts.

At Senka Homes, we provide fixed-price packages with clear, upfront pricing, so you won’t encounter any unexpected costs. Whether you're a first home buyer or a seasoned investor, house and land packages provide significant savings and time efficiencies, making them a smart choice for building your dream home.

The Key Benefits of Choosing a Home and Land Package

The key advantages of choosing a house and land package
Opting for a house and land package streamlines the process of building your dream home, compared to buying a block of land separately and managing a construction loan. This option offers a more efficient and cost-effective way to save time and money.

At Senka Homes, we simplify this process with fixed-price packages and transparent pricing, helping you confidently plan your budget. This approach is ideal for a range of homebuyers, providing a stress-free way to save money while securing a new home.

Confidence In Transparent Pricing and a Streamlined Process

One of the biggest advantages of choosing a Senka Homes house and land package is the confidence of upfront pricing transparency. Buyers know exactly what they’ll be paying for both the land and home construction, eliminating any unexpected costs. This level of clarity is especially appealing to first home buyers or anyone working within a strict budget.

With a Senka Homes house and land package, most of the process is managed for you. Having a single point of contact to guide you through everything saves a significant amount of time. Even when it comes to signing the land contract, we assist in organising the appointment with the land developer so all you need to do is turn up and sign. For many, with work, family, and other commitments, this saved time is invaluable.

Exclusive Access to Premium Land Across Melbourne

Securing a vacant block of land can be highly competitive, but Senka Home’s long-term partnerships with leading developers provide buyers with access to exclusive land packages often unavailable to the general public. These relationships ensure that prime blocks are matched with suitable home designs, helping buyers secure real estate in Melbourne’s most desirable areas. This simplifies the land purchase process while enhancing both the value and lifestyle potential of the property.

We frequently offer campaigns with added value on land, giving our customers access to opportunities that wouldn’t typically be available when dealing directly with developers.

Advantages of Choosing a House and Land Package Over Buying an Established Home

When it comes to purchasing a home, terms like “fixer-upper,” “potential plus,” and “old-world charm” often highlight the compromises of buying an older property. In contrast, opting for a complete house and land package with Senka Homes means you receive a brand-new, 7-star energy-efficient home that adheres to the latest construction standards.

A common myth is that house and land packages offer inflexible designs. However, with Senka Homes, you have the freedom to select your ideal location, budget, home design, features, and finishes, allowing you to create a residence tailored to your vision. Additionally, many of these packages are situated in master-planned communities, which provide modern amenities essential for today’s family lifestyle. Enjoy the convenience of nearby schools, parks, medical centres, and shopping centres, all designed for ease and accessibility.

Stamp Duty Savings, Grants and Financial Opportunities

One of the key advantages of house and land packages is the potential for significant savings on stamp duty. Unlike purchasing an established home, where stamp duty is calculated on the full purchase price, with a house and land package, you only pay stamp duty on the land component. This can result in considerable savings, especially when combined with grants like the First Home Owner Grant (FHOG) and other government incentives. Senka Homes also leverages strong industry relationships to provide fixed-price packages that enhance cost savings for buyers.

The First Home Owner Grant presents an excellent opportunity for first home buyers, offering $10,000 for homes with a contract price under $750,000 for eligible recipients. Additionally, first home buyers may benefit from stamp duty exemptions or concessions, particularly in regional areas such as Geelong, Bacchus Marsh, and Beveridge.

Customisation Options and Flexibility

Senka Homes offers extensive customisation options within each house and land package, enabling buyers to tailor their home designs to meet their specific needs and preferences. Whether it’s adjusting the layout, selecting finishes, or adding premium upgrades, buyers have the flexibility to create a home that reflects their personal style and functional requirements.

Understanding the Purchase Process and Timeline

The process of purchasing a house and land package involves several important steps, starting with obtaining pre-approval for your construction loan. This type of loan differs from a standard mortgage as it is drawn down in stages during the home construction, helping you manage your finances more effectively. Collaborating with a mortgage broker can assist you in securing the best loan options, including any available stamp duty concessions while ensuring all additional costs are considered upfront.

Once your financing is secured, you’ll select your preferred land package and customise your home design. For many, buying land is a significant milestone, and Senka Homes ensures a transparent process by providing a single price that covers both land and construction costs, preventing any unexpected expenses. While aspects like landscaping or fencing may need separate arrangements, our team will guide you through these details, highlighting the benefits of various options.

Senka Homes is committed to delivering exceptional value by building homes with environmentally friendly materials that meet the highest sustainability standards, including a minimum 7-star energy rating.

Optimising Your Dream Home With Senka's House & Land Packages

Choosing a house and land package from Senka Homes not only simplifies the building process but also provides numerous benefits, from stamp duty savings to exclusive land access and the flexibility to customise your dream home.

For more information on Senka Home’s house and land packages, contact us directly to speak with one of our house and land experts.

Securing your dream home and how to overcome borrowing challenges

to show a young family getting into their first home

Navigating the financial landscape for building your dream home can be challenging, especially with current economic changes affecting borrowing power. Getting the right loan is crucial, and expert advice can help you make the most of your options.

At Senka Homes, our partnered finance specialists are well-versed in construction-specific loans and the latest government incentives and are here to guide you through these complexities and help you secure the financing you need.

Here’s how you can take advantage of current market conditions to get into a Senka home sooner:

Understanding Borrowing Power

Recently, many prospective homeowners have noticed a reduction in their borrowing power. A few years ago, getting a loan to cover the full cost of building your ideal home was relatively straightforward. Today, with rising interest rates and stricter lending criteria, many find their borrowing capacity has decreased, which can limit their choices.

This shift means you might need to reassess your plans and seek expert advice to maximise your loan eligibility.

Household Income and Capacity

Knowing your loan capacity is essential for determining what kind of home you can afford. Lenders usually ensure that your repayments do not exceed 30% of your gross income.

For instance, Senka’s entry-level house and land packages currently start around $600,000 to $650,000.

With a 5% deposit on a $650,000 purchase, you’d need a loan of approximately $617,500, translating to roughly $853 in weekly repayments. This typically requires a two-person household earning at least $70,000 each per year, assuming no children or debts, and eligibility for the First Home Guarantee scheme.”

Understanding these criteria and planning effectively can help you expand your home choices.

Affordable downsizing dream home options

Market Conditions and Timing

Despite the challenges, current market conditions offer unique opportunities for homebuyers. With interest rates expected to decrease and land prices currently low, now is an excellent time to act.

For a family or couple aiming for a $650,000 home, each 0.25% rate reduction could increase borrowing capacity by about $12,000 to $14,000, allowing for a slightly larger home.

By taking advantage of these conditions now, you can secure lower property prices and potentially benefit from future gains. Starting the process early could also align your initial repayments with anticipated lower rates, maximising your financial advantage.

The Benefit of Speacilised Loan Experts

Financing a new home involves unique challenges that general brokers might not fully address. From split contracts to staged payments and government incentives, having specialised expertise is crucial.

A specialist in construction and new home finance, guides you through every step, from navigating reduced stamp duty and qualifying for exemptions to leveraging the First Home Guarantee scheme and green home loans. Their expertise ensures you receive tailored advice to maximise your borrowing power.

Renting Vs Buying

When weighing renting against buying, cost is often a key factor. With rental prices soaring and vacancy rates at record lows, buying a home can offer financial and security benefits.

For example, renting a four-bedroom home in Clyde North might cost around $650 per week, while mortgage repayments on a similar new build in Senka’s Bewrick partner estates could be approximately $850 per month.

This comparison highlights the financial viability of homeownership over renting, along with the potential for long-term capital growth.

photo of house showing First home buyers in Australia can buy their first property with as little as a 5% deposit as long as they meet certain lender conditions.

Using Tax Breaks, Incentives and Green Loans to Your Advantage

Government and financial incentives can significantly enhance your borrowing capacity. Recent tax cuts, effective from 1 July 2024, provide an opportunity for couples to increase their financing potential. Additionally, green home loans, such as the Bank Australia Clean Energy home loan, offer competitive rates starting at 5.98% for 7-star energy-rated homes (6.42% comparison rate, and subject to lender criteria). These loans can be a valuable option for boosting your borrowing ability.

Moreover, government initiatives like the First Home Guarantee scheme further improve affordability by waiving lenders’ mortgage insurance (LMI) for eligible buyers. For example, on an $800,000 purchase with a 5% deposit, this waiver can save between $30,000 and $35,000. This saving shifts from your purchase costs to your loan capacity, effectively increasing your financing options. For more information on the 2024/25 financial year scheme

Disclaimer: The information provided is for general guidance only and may not reflect your personal circumstances. For specific advice, consult a financial advisor or mortgage specialist. Terms and conditions apply to all loans and incentives.

From blank slate to beautiful. A Guide to Landscaping

Photo of Family planting tree in back yard

Everyone wants to feel a sense of pride and accomplishment in their home, and this sentiment drives developers to create appealing and cohesive streetscapes in new estates.

When building a new home in a modern estate, you'll likely receive a set of design guidelines crafted to ensure your front garden aligns with the overall aesthetic and character of the neighborhood.

These guidelines typically address various aspects of your front garden, including:

  • Plant Types: Developers often specify which plants are acceptable for front gardens to ensure that vegetation complements the overall design and maintains a harmonious look throughout the estate. Approved plants are selected for their visual appeal, ease of maintenance, and suitability to the local climate. Native plants are preferred for their adaptability and minimal upkeep.

  • Fencing: The guidelines may include rules regarding the type and placement of fencing. Restrictions might cover the height or style of fences in the front garden to prevent visual clutter and maintain an open, welcoming streetscape. Fencing regulations ensure that barriers do not obstruct views or detract from the property’s overall appearance.

  • Balance of Hard versus Soft Landscaping: Developers provide guidance on the balance between hard landscaping elements (such as driveways, paths, and patio areas) and soft landscaping (like lawns, garden beds, and shrubs). This balance is essential for creating an aesthetically pleasing and functional garden that integrates seamlessly with the surrounding environment.

These regulations help maintain a cohesive appearance throughout the estate and protect your home’s value.

Our Senka Homes landscape design team shares their insights on common developer requiments:

  • Lawn: Artificial lawns are usually not permitted in front gardens. Developers prefer natural grass for its aesthetic appeal and environmental benefits, such as cooling the surrounding area and supporting local wildlife. Artificial lawns, while low maintenance, may not align with the natural look that developers aim to maintain.
  • Site Coverage: Developers may specify the ratio of hard surfaces (like decking and pavers) to soft landscaping (such as planting). This ensures a balanced integration of hardscape elements and green spaces, enhancing both the visual appeal and usability of the garden.

  • Canopy Trees: You might need to include one or two canopy trees in your front yard. Canopy trees provide shade, contribute to the aesthetics, and offer environmental benefits like improved air quality and reduced heat absorption. They also help create a more cohesive streetscape by adding vertical interest.

  • Concealed Services: Clotheslines, bin areas, and services like hot water and air-conditioning units should be hidden from view. Concealing these elements helps maintain a clean and visually appealing front garden.

  • Fencing: Restrictions on fencing are often placed on the front of your home and certain side boundaries, including corner blocks. These restrictions help maintain an open and inviting appearance for the community and ensure uniformity in the streetscape.

Steel Roof and Colorbond

Here are some key guidelines to keep in mind when designing your front garden:

Which plants do Melbourne developers generally approve of?

Native plants like Correa, Dianella, Lomandra, and Acacia are preferred due to their suitability for the local climate and low maintenance requirements. Developers often encourage a mix of ground covers, shrubs, and trees to create a sustainable and visually appealing garden.

Which plants are they less keen on?

Plants on government noxious weed lists, such as Agapanthus and Mirror Bush, are generally discouraged. These plants can spread rapidly and disrupt local ecosystems, leading developers to favor species that contribute positively to the environment.

Do these regulations apply to backyards too?

No, these guidelines typically apply only to front gardens visible from the street. Backyards are not subject to the same level of scrutiny, allowing for more personal expression and flexibility in design.

What about hardscaping?

Developers typically do not approve of letterboxes on poles, red-dyed mulch, or plain concrete for areas like driveways. Instead, they prefer integrated and visually cohesive hardscaping options that enhance the overall design and curb appeal of the property.

Any tips for success?

Opt for smaller-sized plants and invest in an irrigation system. Smaller plants are easier to integrate into your garden, and an efficient irrigation system helps maintain plant health and reduces water wastage, making garden upkeep simpler.

Site costs and what to factor in your budget when building a new home

photo of Build site costs explained

Building a new home is an exciting journey, but there’s one term you're likely to come across early on site costs. If you're thinking, "What exactly are site costs, and how much do I need to set aside for them?" you’re not alone.

At Senka Homes, we’re here to walk you through the ins and outs of site costs so you can move forward with confidence, knowing there won’t be any surprises along the way.​

Get your pen and paper ready because this is information that you need to know!

What exactly are site costs?

Site costs cover the work needed to prepare your land for construction, whether it’s a vacant block or a knockdown rebuild. Every block is unique, so site costs can vary. Here’s what you’ll want to keep in mind when assessing your land or planning a new build:

  • The soil type clay, sand, or something else?
  • What’s below the surface?
  • The land’s slope or gradient
  • Accessibility to the site
  • Utilities like gas and electricity
  • Existing structures that may need removal

Preparing the site for construction

Your entire building process begins with a carefully prepared site. From soil testing to managing water flow, proper site preparation is crucial to the success of your home.

At Senka Homes, we focus on industry-leading site preparation before we start building. We take care of the groundwork that others might overlook, as skipping essential steps can lead to costly problems down the road.

We won’t pour a slab, raise a frame, or drive in a single nail until we’re absolutely sure your site is fully ready for construction.

Here’s a breakdown of potential site costs you might encounter during your build. Keep in mind that every block of land is unique, so not all costs will apply to every project.

a photo of a Senka Homes First Home Buyers

Common site costs

When building a new home, there are a few unavoidable site works to factor into your budget. Below is an overview of the site costs you’re most likely to come across as your builder prepares the land for construction.

Site cut and fill

Site cutting involves leveling your block of land. While many developers handle this beforehand, your builder may still need to bring in excavators to move, add, or remove soil.

  • Cut: Removing soil from your block, resulting in ‘cut’ earth.
  • Fill: Adding soil to your block, resulting in ‘filled’ earth.

Ideally, the amount of soil cut equals the amount filled, balancing the earth across the site. However, if there’s excess or a shortage of soil, additional site costs arise to either truck it in or remove it.

After cutting or filling, the site is compacted compressing the soil with a heavyweight to ensure it’s solid and stable.

Rock excavation and removal

You can’t always predict what’s beneath the surface of your land. This can be especially challenging if you’re demolishing a home built on stumps or building in an area with volcanic soil.

At Senka Homes, we thoroughly assess your land before starting excavation. However, unexpected rock may still come up, leading to additional costs for removal.

It’s crucial to discuss your land with your new home advisor and have a contingency in your budget for any unforeseen rock excavation needs.

Site Costs with Senka homes

Water management

Proper drainage is essential to avoid future issues on your site. At Senka Homes, we use advanced CCTV technology to inspect all drains and stormwater systems, adhering to Australian Standards.

Before pouring your slab, we complete and check all underground plumbing to prevent damage from site traffic. We use CCTV to review each pipe and inspect every plumbing line thoroughly. No further work proceeds until this inspection is complete.

As your home approaches completion, we perform a final check to ensure no materials, tools, or equipment have compromised the plumbing pipes below the surface.

Surface drainage

In many new estates, a specialist stormwater engineer isn’t always needed, as builders or designers usually create a basic “concept drainage plan” outlining where drainage elements should be placed.

At Senka Homes, we go a step further. We have every site designed by a specialized stormwater consultant, ensuring a tailored drainage system from an accredited engineer. This extra care is just one of the ways we ensure a better build for you.

Retaining walls

You may have heard of retaining walls but aren’t quite sure what they do. If your block has a slope, whether behind, beside, or on it, retaining walls might be necessary to prevent soil from shifting towards your home or your neighbors.

It’s crucial to discuss the specifics of your block with your new home advisor to include the cost of retaining walls in your budget.

Slab engineering

Once your block is properly prepared, we pour the slab that will support your new home. Solid foundations are crucial for a successful build.

We ensure your concrete slab is perfectly level and meets all design specifications. Quality assurance inspections are carried out by both your site manager and an independent building surveyor, using advanced equipment. Additionally, we make sure the slab and surrounding site are thoroughly cleaned before proceeding to the next stage of construction.

Additional site works that may be required

  • Fixing screw piles to ensure the home is built on solid ground

  • Pouring extra concrete for sloping blocks

  • Installing temporary fencing to secure the site

  • Implementing sediment control measures

  • Conducting a BAL (Bushfire Attack Level) assessment

  • Removing trees as needed

  • Performing termite treatment

  • Securing cross-over permits and pouring the driveway

  • Obtaining access permits, especially if you’re on a narrow street

Quality assurance process

Our quality assurance construction managers oversee your new home at six key stages of the build to ensure everything stays on track and meets our high standards. If any issues arise, we address them promptly.

What to budget for site costs?

At Senka Homes, we strive to provide the most accurate estimate for site costs. However, due to the many variables involved, the final costs may vary based on what we uncover during the process.

If you’re considering building a new home and want to discuss site costs specific to your land, get in touch with us today. Our expert team is here to provide detailed information and help you plan your budget effectively.

So what is Hebel? Your questions answered

This photo shows a double storey facade by senka homes called Glen Oaks

Durable, easy to install, and energy-efficient—high-performance Hebel products are quickly replacing traditional brickwork. Here’s what you should know.

If you’re in the process of building, you’ve likely heard of Hebel. But what is it, and why is it gaining popularity among builders and architects?

Simply put, Hebel is an eco-friendly material that’s quick and easy to install, offering the flexibility to create a sleek, fully rendered exterior with minimal effort and cost. These are just a few of the reasons more and more professionals are opting for Hebel over traditional bricks and mortar.

At Senka Homes, we believe it’s one of the most innovative products available, which is why we give you the option to build with Hebel across all our homes.

 

Photo of hebel and different layers of it

What is Hebel?

Hebel is a high-performance Autoclaved Aerated Concrete (AAC) product available in both panel and block form. When you choose a Hebel home, your exterior walls, including the facade, sides, and rear, are built using durable, solid Hebel panels that are securely attached to your home’s frame.

What is Hebel made from?

Hebel products are crafted from a lightweight masonry material called Autoclaved Aerated Concrete (AAC). This innovative technology creates tiny, finely dispersed air pockets within the material. Made from a mix of sand, cement, lime, and gypsum, these elements are combined with water and an expansion agent to form a slurry. This slurry is then poured into moulds to produce lightweight Hebel blocks and panels.

What finish can I expect on a Hebel home?

The 75mm thick Hebel panels are completed with an acrylic coating system, which means your entire home gets a fully rendered finish. This allows you the flexibility to select a modern colour palette, knowing you can easily refresh it later. Whether you want to add personality, complement your surroundings, or highlight architectural features, all of these options are available when you build with Hebel external walls.

Where can I use it?

Hebel is an excellent choice for external walls. When attached to a timber frame, the system is incredibly sturdy, which is why we offer it as an option. However, Hebel cannot be combined with bricks, so you will need to choose either brick or Hebel for your home’s construction.

How does it compare with brick?

Each Hebel panel is reinforced with steel for extra strength and includes an anti-corrosion layer to ensure maximum durability. As solid as bricks and mortar, Hebel also provides the appearance of fully rendered solid masonry.

What makes Hebel so special?

Solid and strong

Hebel panels are high-performance building materials designed for strength and durability. Made from Autoclaved Aerated Concrete (AAC) and reinforced with steel that has an anti-corrosion layer, Hebel ensures maximum resilience for your home.

With steel reinforcements, Hebel allows lightweight items like clotheslines, hose reels, and external lights to be easily attached to your home. Find out how simple the installation process is here.

Design flexibility

Hebel cladding gives you the freedom to express your personal style with a wide range of striking facade options. The modern, fully rendered finish of a Hebel facade can be customised with hundreds of Dulux colour choices. At Senka Homes, we enhance our Hebel facades with features such as maintenance-free PermaTimber or weatherboard-look cladding, and offer the option to include beautiful tiles on porch piers to add even more visual appeal.

Home and land package offering in Melbourne for first home buyers.

Fast construction

Lightweight and easy to work with, Hebel allows for quicker construction without compromising quality. One Hebel panel is equivalent to 75 traditional bricks, so with an experienced installer, your new home could be up in as little as three days.

Thermal efficiency

Hebel panels are excellent insulators, helping to keep your home naturally cooler in summer and warmer in winter. This can contribute to lower heating and cooling costs.

Fire-resistant

Hebel products are non-combustible and fire-resistant, making them suitable for bushfire-prone areas. Tested by the CSIRO, they meet or exceed the requirements for all six Bushfire Attack Level (BAL) categories, offering you peace of mind.

Noise reduction

Hebel provides a quiet living environment. Using Hebel for exterior walls minimizes the transmission of outside noise, such as traffic and noisy neighbours, ensuring peace and quiet inside your home.

Environmentally friendly

Hebel is an eco-friendly building material, manufactured in Australia from readily available raw materials. The production process recycles waste, including the steam generated.

Quality guaranteed

CSR Hebel is Australia’s sole manufacturer of AAC. With over 30 years of experience in developing, testing, and producing AAC, you can trust that Hebel products and systems are of the highest quality.

Top tips for property investors at tax time

Lifestyle Senka Homes family photo

One of the most rewarding parts of being one of Melbournes top builders is seeing how many of our dedicated clients go on to build impressive property portfolios and create thriving businesses of their own.

If you’re taking that path, it’s worth keeping a few things in mind as the financial year draws to a close especially when it comes to potential tax deductions you might be able to claim.

After all, who doesn’t love a good saving?

 

Leave it to the professionals

Starting out in property investment can feel overwhelming, especially around tax time when there’s so much to figure out. Our best advice? Don’t go it alone. Lean on experts who know the ins and outs. Ask around, do some online research, and read reviews to find a financial professional who’s the right fit for you. Trusting a skilled accountant can save you far more in the long run than trying to navigate the complexities of tax law on your own.

Keep your paperwork tidy

The more organised your records are, the easier it will be for your tax agent to help you. Track everything related to your investment property purchase details, repairs, maintenance, and rental income. It’s especially important to keep tabs on your rental earnings to see if your property is negatively geared. This means you’re spending more on mortgage and upkeep than you’re making in rent.

Make it a habit to file receipts and documents as you go. Ideally, keep everything scanned and stored digitally, so when EOFY rolls around, you’re not scrambling. The better your records, the more likely your tax professional will be able to claim every deduction you’re entitled to making tax time a lot smoother.

Stay on top of maintenance

If you own an investment property, keep an eye on what needs fixing or updating. Try to time these tasks around EOFY so you can present the expenses to your tax agent and check if they qualify for deductions.

But remember, this takes some planning. You’ll need time to find the right contractor, book them in, and budget for the costs. If you’re handy and plan to do the work yourself, keep track of all materials you purchase for potential deductions.

Be prepared for suprises

When you have tenants, unexpected repairs can pop up at any time. Whether it’s a late-night emergency or a sudden issue with the property, having a financial buffer can make all the difference. Set aside some savings for these rainy-day expenses, like that inevitable leak in the roof.

And yes, once again save your receipts. If you get audited, you’ll be glad you did. A well-prepared tax agent will need as much info as possible to help you claim everything you’re eligible for.

Don't forget business expenses

These days, many of us work from home, including property investors. Keep track of any business-related expenses for your home office. Whether it’s a new printer, laptop, or even partial utility bills, you might be able to claim some of these as deductions.

Your tax agent can guide you on what counts as a legitimate business expense, including any work-from-home purchases made during EOFY sales.

tax time tips

Selling your property?

If you’re thinking about selling an investment property, you might be in for a solid return, especially with house prices on the rise. But keep in mind that you’ll likely need to pay capital gains tax on the profit. If you’ve owned the property for more than a year, you might be eligible for a 50% discount on that tax, but it’s best to get professional advice to be sure.

As always, great financial advice from a registered tax expert is worth its weight in gold. In the world of property investment, staying compliant and playing by the rules is key to long-term success.

Disclaimer: The information provided is for general guidance only and may not reflect your personal circumstances. For specific advice, consult a financial advisor or mortgage specialist. Terms and conditions apply to all loans and incentives.