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New vs established property: Which way to go?


Purchasing such items as electrical and clothing new is usually a given — however when it comes to property, the decision isn’t always as easy. Read ahead as we share the benefits of building new property versus purchasing established property - which is sure to assist you in making the best decision for your lifestyle.

Building new property

Whilst starting from scratch may seem a little daunting, there are many benefits of building a new property. Here are just a few:

  • You get exactly what you want – from layout to finishes, your home is customised to the needs of your family and your lifestyle.
  • Your options also extend to location, you have the choice to build wherever you like – whether that be in an inner urban location, close to shops and amenities or on a block of land in a rural location.
  • Avoiding expensive costs and hidden issues that can appear when renovating an existing property – you are simply diving into the unknown.
  • Money is saved buying a new home because Stamp Duty is only paid on the cost of the land and not the building itself.
  • If you are a first home buyer, you may be eligible for grants from the Federal and State Governments – find out here.

Purchasing established property

If building from the ground up doesn’t sound appealing – there are some benefits of purchasing established property. These include:

  • You get to walk through the home before purchasing it rather than buying off the plans when building from scratch.
  • Depending on the age of the property, you may be able to purchase in an already established location within close proximity to facilities and infrastructure.
  • You have a greater opportunity to negotiate price as this is done between home owners who are likely to be selling for a personal reason, as opposed to a commercial one.
  • Once you have purchased and signed all the relevant paperwork, you are ready to move in come settlement day – with no need to go through the entire build process.

Whatever your decision may be, Metricon has a solution for every step of the way — whether you are a first home buyer in the market for a home and land package, or looking to purchase established property with the plan to upgrade the home on that very block of land.

Metricon’s Knockdown Rebuild service has helped thousands of families realise their dream of living in a brand new home in their favourite location – where they love to live.

It’s also great to know that Metricon homes come with a lifetime structural guarantee# to give you peace of mind. Begin your journey now, explore Metricon’s Home Designs or visit your closest Display Home today. If you’re a first time builder or first home buyer, be sure to visit Metricon’s online resources which include all of the information you need to get started.

#For more information on our Lifetime Structural Guarantee, visit

For more property news and the latest design inspiration, head to our blog, Home Truths.