Looking for a home of your own does not necessarily mean buying an established property.
Some people prefer to buy vacant land and have a home built to their plans and requirements.
For them, it often means buying a block released for sale in a new housing estate or sub-division. If you are considering purchasing a block and building a home, make sure you have the financial capacity to do both. Your lending institution can advise you on your borrowing limits. Make inquiries with the relevant government authorities about services connected to the block, such as electricity, gas, water, sewerage and telephone. Be aware of the position of underground cables and pipes.