🏡 Should You Buy a Brand New Home in 2025?
Sales of newly built homes are surging—up 18.8% last quarter alone. But is buying new right for you?
Let’s break down the pros and cons of purchasing a brand new home, plus the financial incentives that could make it more affordable than you think.
🔗 Quick Navigation FOR Buying a New Home
• Why New Homes Are So Popular
• Pros of Buying a New Home
• Cons to Consider
• Government Incentives
• Home Loan Options
• Disclaimer
📊 Why New Homes Are So Popular
Fresh paint, spotless floors, and shiny new appliances—what’s not to love?
According to the Housing Industry Association, sales of new detached homes rose 18.8% in the three months to June 2025. That’s the strongest result in nearly three years.
With interest rates forecast to drop to 3.35% by December, new builds may become even more attractive for buyers looking to lock in a competitive home loan.
👉 Read our blog on rate cuts in 2025
✅ Pros of Buying a New Home
The word “new” says it all. Everything is clean, modern, and built for today’s lifestyle. But there’s more:
• Energy efficiency
New homes must meet high energy standards, which means lower utility bills and a more comfortable living space.
• Lower maintenance costs
Repairs are rare in the early years—and if needed, they’re often covered by the builder’s warranty.
• Customisation options
Building from scratch? You may be able to tweak the layout, finishes, and colour palette to suit your style—often cheaper than renovating later.
• Tax depreciation for investors
New builds offer strong depreciation benefits, which could mean tax savings if you’re buying as an investor.
👉 Learn more about investment property loans
⚠️ Cons to Consider
Buying property is a big decision, and new homes aren’t always the perfect fit. Here’s what to weigh up:
• Outer suburban locations
Most new builds are in developing suburbs. That can mean less infrastructure, longer commutes, and fewer amenities—at least for now.
• Construction delays
Unlike established homes, new builds often involve waiting for council approvals and construction. Delays and defects can be stressful—and costly.
• Temporary living arrangements
You might need to rent longer than expected or live onsite during the build (cue the Grand Designs drama).
👉 Thinking about building? Check out our guide to construction finance here
🎁 Government Incentives for New Home Buyers
Buying new could unlock financial perks:
• First Home Owner Grant
Available in most states for new builds or substantially renovated homes. Check your state’s eligibility rules via the Australian Government’s First Home Owner Grant portal.
• Stamp duty savings
Buying land first and building later can reduce stamp duty costs. Most states offer concessions for first-home buyers—whether buying new or established.
• Note: In South Australia, you must buy/build a new home to qualify for stamp duty savings.
👉 Explore our dedicated first-home buyer support page here
💬 Home Loan Options for New Builds
Whether you’re buying land, choosing a house and land package, or purchasing a newly constructed home, your loan needs will vary.
At CBM Mortgages, we’ll help you:
• Compare loan types for new builds
• Understand construction loan stages
• Maximise your borrowing power
👉 Get in touch today to explore your options
⚠️ Disclaimer
This article is general in nature and doesn’t constitute financial or tax advice. Always consider your personal circumstances and seek professional guidance before making decisions.
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Written by Craig McDonald 07.08.2025
