5 Reasons Queenslanders Are Looking To Build In 2023

It’s a brand-new year and buyers are looking to shake off the uncertainty of the past 12 months and reignite their search for a dream home.

For many buyers, building is considered the ultimate path to homeownership, as well as a huge achievement.

Home builders range from first-home purchasers, to upgraders, to downsizers keen on a low-maintenance lifestyle.


If you, too, are thinking about joining the home-building generation, here’s why 2023 could be your year.

1. Locking in the dream

The best time to build is always when you can afford the home you want. But on the flip side, there are always external factors to consider.

In 2022, fast-paced interest rate rises scared many buyers off. But with slowing rate growth predicted, buyers’ confidence will start returning.

Dreaming of a brand-new home? Picture: Metricon Homes ‘Phoenix 40MR’


A big reason buyers are looking to join the new build club in 2023 is Australia’s rental market being at its tightest level ever, according to Anne Flaherty, economist at realestate.com.au.

“There’s a shortage of accommodation across all levels of the rental market,” Flaherty says.

“Vacancy rates in many desirable suburbs are at record lows, and with international students and workers returning to Australian cities, demand is increasing, which will likely push rents up even further.”

With rent rising and the cost of property going down, many people are finding the prospect of paying off a mortgage much more favorable — even with higher interest rates.

2. Great incentives and concessions

Buyers can also benefit from great incentives currently available, according to Paul Bidwell, CEO of Master Builders Queensland.

This includes the 35,000 places in the federal government’s First Home Guarantee Scheme, which helps first home buyers enter the market with just a 5% deposit and without having to pay Lenders Mortgage Insurance (LMI).

Plus, in Queenslandeligible first home buyers can receive $15,000 towards building or buying a new home.

“This type of incentive can be beneficial for young buyers trying to get into the market sooner with a smaller deposit,” Bidwell explains.

Crunch the numbers and building might add up easier than you think! Picture: Simonds Homes ‘Blackwood 22_210’


There are also sweeteners on offer for downsizers.

Sellers aged 55-plus may be able to contribute up to $300,000 from the proceeds of the sale into their superannuation if they downsize their home, Bidwell adds.

Often these buyers love the idea of ​​a low-maintenance brand new dream home built to their specific needs.

3. Big building benefits

Building offers a whole host of benefits compared to purchasing an established home.

One of the most appealing aspects is the affordability factor, according to Greg Byrne, Display Villages Manager at Master Builders Queensland.

“Often buying in a new estate is more achievable than buying an established property in the inner-city areas,” Byrne explains.

“Especially with new estates typically offering a variety of housing options that suit a range of budgets.”

Particularly if you want a new bathroom, building may be cheaper and easier than renovating. Picture: Steve Parcell ‘The Blades’


Customization is another significant advantage, Byrne adds.

“Buyers can design their home in a style that reflects their tastes, as well as meets any specific needs and lifestyle wants.

“Also, don’t forget the sustainability aspect.

“New builds must meet minimum energy efficiency requirements, which is good for the planet and translates into lower power costs.”

To top it off, there’s the fact that building means the home is brand new and requires very little maintenance compared to an older, established home.

4. Build with confidence

Byrne says that when you choose a trusted Master Builder, you can have peace of mind that you’re in good hands with a properly licensed and qualified professional.

“If a home’s walls could talk, they’d tell you to choose a Master Builder or tradie for your dream home build or renovation,” Byrne says.

“When you build with a Master Builder you also know that your builder has the support of a professional industry association.”

Build with confidence with a Master Builder. Picture: Coral Homes ‘Lisbon 31’


New homes come with a warranty covering structural defects for six years and six months, which gives you added assurances.

Building can come with some unexpected challenges along the way, Byrne says. That’s why choosing the right builder for you is so important.

“If you build with a Master Builder, we’re here to help you too, particularly in relation to any disputes that may arise throughout the building process.”

5. Amazing homes on display

The final piece of the puzzle is the homes themselves. Following a boom in housing development in recent years, there are now some fantastic new estates with an array of innovative dream homes available to buyers.

The best way to check out what’s on offer and find the perfect home for your needs is by visiting a display village, Byrne says.

The Springfield Rise display village is a great opportunity for buyers to see the range of different home designs and the quality builder options,” he says.

“Prospective buyers can walk from room to room really getting a feel for what these homes are like, how the finishes look in real life and where their furniture will go.”


Byrne says experiencing the designs and the quality firsthand gives a lot of customers the confidence to take the next step”.

Springfield Rise display village is open everyday, from 10am to 5pm, at Houston Street and Vancouver Way, Spring Mountain, so anyone interested can come in whenever suits them,” Byrne adds.

Buyers can also register for the next country release in The Crossingdue in early 2023.

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