Monthly Archives

February 2021

Cost of house construction expected to rise in 2021

By | Property News

With housing prices set to rise in 2021, now is the time to build your dream home

 

If you’ve been thinking about building your new home, now is the time.

 

With property prices slated to increase in Brisbane and Queensland along with the rest of Australia, and the $25,000 Federal Government HomeBuilder grant set to finish at the end of March, it really is a great time to move from aspiration to action.

 

Other factors for you to consider when building your new home include the effects of COVID-19 and social distancing on site logistics, ongoing issues with supply chains and many other factors.

 

You need to look at all of the factors that could potentially affect the cost of building your new home as they all add up to considerable upward cost pressure on the building and construction industry.

 

It’s impossible to predict the future but many industry experts and a number of economic factors point to the price of building a new home continuing to increase over the course of 2021.

 

Why is now the right time to build?

 

The Federal Government’s $25,000 HomeBuilder grant will come to an end as of March 31 this year. The government has indicated it will continue in a different form beyond that time but at a greatly reduced rate of $15,000.

 

Many experts including HSBC chief economist Paul Bloxham (as reported in the Australian Financial Review) are predicting Brisbane house prices are set to rise by as much as 5 per cent in 2021. So those getting into the market early in 2021 are set to see the most capital gains over the course of this year should this prediction play out.

 

More recently CBA economist Gareth Aird indicated lending rates had ramped up considerably at the start of 2021 with the price of a home in Brisbane forecast to increase by up to 16.6% over the next two years (as reported in the Urban Developer).

 

We are also in a market where interest rates are still extremely low, but it’s impossible to know if this will last or for how long.

 

Starting construction on the new home of your dreams right now definitely makes sense on a number of fronts.

 

Why are prices rising?

 

The cost of construction is set to rise in 2021 because of a combination of factors:

  • Interstate migration from New South Wales, Victoria and further afield is up.
  • The number of tradespeople allowed on site at any one time is harder to manage because of social distancing restrictions.
  • Supply chain management is more challenging than ever as is job site phasing
  • Trade restrictions and increasingly challenging global supply chains have led to increases in the cost of building materials across the board

 

How can I capitalise on the current market climate?

 

  • Speak with your financial advisor and/or accountant to get your finances in order
  • Start talking with your design and building partners
  • Act quickly before the HomeBuilder grant falls from $25,000 to $15,000 at the end of March
  • Act quickly before house, land and construction prices increase

 

Who should I talk to about building?

 

You will need to engage with a number of professionals in order to make your new dream a reality.

 

Designers, architects and structural engineers will need to be engaged, a builder chosen, finance sought, a block of land found… the list goes on.

 

At McCarthy homes the process is simple, you engage with our team and we can walk you through what it will take to build your new home from dreaming, to designing, throughout construction and through to handing over the keys.

 

Our team is your team and we look forward to being with you on your new home journey every step of the way.

 

What professional advice should I seek?

 

Always seek the advice of a professional before you make significant financial commitments, such as purchasing a home or arranging the construction of a new house. Independent financial and legal advice is essential when it comes to building a new home.

Looking to get a head start before the changes and turn your dream home into a reality? Why not contact McCarthy Homes today, and make a start on creating your little piece of paradise for you and your loved ones to enjoy.

Click here to contact us.

Or, call us on (07) 3358 9704

How to build your dream home on acreage

By | Architecture
Acreage home design by McCarthy Homes

Have you been thinking about living the acreage lifestyle? Basking in the space and privacy of rural living, where peace and quiet reign supreme?

You’re not alone.

More and more Australian families are opting for bigger blocks outside of urban centres. Not only is there beautiful scenery and swathes of space for kids and pets, there’s also the opportunity to build your own beautifully designed acreage home.

 

McCarthy acreage homes

 

At McCarthy Homes we know that building your dream home on acreage is a once-in-a-lifetime experience. It can be a challenging process, especially if your plot is a little off the beaten path. Thanks to our experience and knowledge, we can make it a seamless, creative and fulfilling process for you.

Here’s a few things to think about when you’re planning how to build your dream home on acreage.

 

 

Move in or Knockdown and Rebuild?

 

There’s a chance there’ll already be an existing property built on the acreage you’re looking at. You have two options here: move in and update it, or knock it down and start from scratch. The last option means a pure, blank canvas to build your dream acreage home on, but ultimately the decision rests on your needs, desires and budget.

Check local council building codes

 

Building on acreage differs to urban construction in that there are more environmental factors to take into account. Local council will have strict guidelines for building in the area, taking into account water conservation, waste treatment and bushfire requirements. McCarthy Homes will take all of this into account when submitting applications to council, taking the pressure off you.

 

Set your budget

 

Before you enter the planning stages it’s important to have a budget set. We’ve all heard the horror stories of new build home budgets spiralling out of control. If you have the proper plans in place and a strict budget your professional builder will be able to stick to it. Putting a hard cap on expenses gives them the boundaries they need to work within.

 

Take local conditions into account

 

As acreage builders there are a number of factors McCarthy looks at before we design your home with you. These include where the sun rises and sets in relation to where you want to build, what the slope of the land is like and which direction the breeze comes from.

 

Design a home that suits your lifestyle

 

The beauty of building a dream acreage property is the available space means there’s no limit to what you can achieve. Write out your ‘wish list’ and see how much of it you can work into your budget. Items to discuss could be:

  • What style of home do you want to build? Hamptons? Queenslander? Lowset or double storey?
  • How expansive should your outdoor entertaining area be? Fire pit? Barbeque area? Pergola?
  • Can you afford to install a swimming pool now, or should a future swimming pool be accommodated in the plans?
  • How many bedrooms and bathrooms in the home?
  • Will the kids have their own wing? Will extra play areas be included for them?
  • How much extra storage should we include in the design?
  • How many secure garage spaces should we include?

 

Decide on landscaping

 

Acreage properties obviously have a lot of area to tend to when it comes to landscaping. When planning your garden, a big factor to think about is how much time you want to spend maintaining it. If you’re an avid gardener, rolling green lawns and lush flower beds could fit the bill. If not, consider low maintenance gardens that rely on the natural beauty of local flora.

 

McCarthy Homes acreage home designs 

With builds perfectly tailored to you and your lifestyle, we’ll make sure your new house feels like home.

 

The Manor has been designed to suit larger blocks, with an open plan living area and a seperate lounge and study. Offering four sizeable bedrooms, it’s perfect for a larger family.

 

An acreage lot dream, the four bedroom Windermere design is ideal for the modern family. In addition to a large open plan living space and spacious alfresco, the design features a study and separate lounge, ensuring there is plenty of space for the whole family to unwind.

 

 

 

When you build your dream acreage property with McCarthy Homes, we provide a personal Client Service Manager who works with you through the entire process.

We guide you through every step, from conception to design to construction, and are there at the end to give you the keys and welcome you into your new home.

If it’s time to start turning your acreage dream home into a reality, why not contact McCarthy Homes today? We can’t wait to start creating your little piece of paradise for you!

Click here to contact us.

Or, call us on (07) 3358 9704