Blog post

NEW v ESTABLISHED: WHAT’S MORE AFFORDABLE?

10 April 2018

We’ve done the maths and are delighted to report that your dollar goes much further in Geraldton if you build a new home instead of buying a used one.

Yes! The good old days are back. Once again it can be cheaper to build new than it is to buy established.

How can that be? Haven’t the past few years been particularly tough on those who’ve wanted to build?

It’s true that in 2016 and 2017 an oversupply of established homes for sale in Geraldton tipped the scales in favour of making do with a ‘pre-loved’ property. Even those people who really wanted to build often had the rug pulled out from under them by their bank when it declined to give them finance.

And the days of new homes immediately gaining $30,000 - $40,000 in equity? Well, those days seemed just a distant memory.

But here’s the good news …

“The tables have turned and it’s once again more affordable, in many cases, to build a brand new home in Geraldton than it is to buy an established one,” says Matt Poynton, Plunkett’s Regional Manager in Geraldton.

Matt is Geraldton born and bred so he knows a thing or two about the local market.

So, what’s changed?

Not only is the over-supply of pre-loved homes reducing rapidly and the bargains disappearing, but also the past few years have forced the Plunkett building gurus to become smarter, leaner and more efficient.

Not only have we teamed up with our suppliers to bring you the best deals, but we’ve sharpened our Plunkett pencils across the board, too.

The result?

“Low, low prices and the best deals around – all without compromising on the five-star quality you expect from Plunkett. And your bank is likely to be happier, too,” Matt says.

Take the 283sqm Monument, for example. This spacious 4x2 with alfresco, games room and home theatre is priced from just $216,000. Or what about the Universal, a generous 4x2 with activity room, alfresco, home theatre and study? You can build this home from just $222,000.

“It used to be cheaper to buy used, but not anymore,” Matt says. “If you received a quote from us the past few years and didn’t go ahead, it’s well worth talking to us again. You won’t believe how much more affordable our homes are now.”

Don’t forget, when you choose to build a new home you also get:

  • The latest designs and style trends
  • Nothing to renovate
  • A home for the long term
  • The latest technology
  • Peace of mind with Plunkett’s 25-Year Structural Warranty
  • Lower heating and cooling costs
  • The latest building methods
  • The latest products and materials

“Building is the bespoke option,” Matt says. “You get what you want, tailored to suit your lifestyle, your block and your budget.

“And now that’s it’s cheaper again to build rather than to buy established, it’s a great time to start planning your new home.”

Did you know we can even bring our displays to you, thanks to the 360-degree display suite in our Geraldton office?

The wonders of virtual technology means you can stroll around the kitchen, check out the master suite and even picture yourself in the open-plan living area of any one of our 19 display homes.

“We can show you in one hour what it would take you at least two days to achieve by driving to Perth,” Matt says.

Keen to know more?

Make an appointment to visit the 360-degree display suite, take a look at our current promotions, or register for your free home design consultation.

A final word …

We stand by our Better for Less Guarantee. If you can find a better deal, we’ll put our money where our mouth is and match it.

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