With property prices continuing to shift across Queensland, many buyers are asking the same question: Is it more affordable to build a home or buy an existing one in 2025?
The answer isn’t one-size-fits-all. In this blog, we take a closer look at the current numbers in Queensland and explore whether building still stacks up as the cost-effective option in today’s market.
The Pros and Cons of Building a House
Designed for your lifestyle
Building your own home gives you the freedom to shape every room to suit the way you and your family live. Whether it’s a dedicated kids’ zone, an open-plan kitchen perfect for entertaining, or a private study tucked away for working from home, building allows you to prioritise what matters most.
Built new, built for you
One of the biggest perks of building is knowing everything, from the slab to the ceiling, is brand new. That means no outdated fittings, no surprise repair bills, and no costly renovations. Instead, you’ll enjoy modern finishes, the latest inclusions, and the peace of mind that comes with new home warranties.
Lower transfer duty
Unlike buying an established home, when you build, you only pay transfer duty (stamp duty) on the land, not the house. For many buyers, this can mean significant savings.
You call the shots
From the facade to the flooring, you’re in control of the finishes, fixtures and colours. It’s your chance to create a home that reflects your taste and lifestyle, right from the start.
Government support for First Home Buyers
If you're planning to build your first home, it's a smart move to look into the Queensland Government’s range of financial support options. From the First Home Owner Grant to transfer duty concessions on vacant land, these initiatives can help reduce the upfront costs of getting into your new home.
Eligibility varies depending on your circumstances, so it’s worth checking the official Queensland Government website for the latest details. With the right support, building your first home could be more affordable than you think.
A Few Things to Keep in Mind
Timeframes vary
Building a home takes time. From the complexity of the build, council approvals and weather delays, these are some factors that may stretch the construction timeline, so it pays to plan ahead.
More decisions upfront
Building means making a lot of choices, some exciting and some technical. From paint colours to electrical plans, the process can feel overwhelming without the right guidance. Partnering with an experienced builder like Clarendon Homes makes all the difference.
Budget blowouts can happen
While base prices offer a great starting point, upgrades, site costs, and post-handover items like landscaping, fencing and driveway can add up. A transparent builder will help you budget realistically from the beginning.
The Pros and Cons of Buying an Existing Home
Move in sooner
One of the biggest benefits of buying an existing home is speed. Once you’ve secured finance and signed on the dotted line, settlement can happen within weeks, meaning you can skip the construction wait and settle into your new home faster.
You know what you’re getting
From the street appeal to the sunlit living room, buying an established property gives you the full picture upfront. You can physically walk through the home, measure the spaces, test the water pressure, and imagine your furniture in place.
Established locations and lifestyle
Many established homes are located in older suburbs with tree-lined streets, larger blocks, and easy access to public transport, shops, and schools. These suburbs are often fully developed, which means no surprise construction zones or undeveloped infrastructure.
Potential to renovate and add value
Buying older can give you the opportunity to make improvements over time, whether it’s a fresh coat of paint, a bathroom reno, or a full-scale extension. You can tailor the home to your style while potentially increasing its value.
What to Consider Before Buying
Hidden repair costs
While an existing home may look picture-perfect, older properties often come with unexpected issues like outdated wiring, ageing plumbing, or structural wear and tear. A thorough building and pest inspection is a must before signing.
Less energy efficient
Compared to newly built homes, older properties may not meet current energy standards. Think single glazing, older insulation, and less efficient heating and cooling, all of which can add to ongoing costs.
Stamp duty can be higher
When you buy an existing property, you pay transfer duty (also known as stamp duty) on the full value of the home. For example, purchasing an $800,000 house in Queensland could means over $30,0000 in duty, compared to significantly less when building
Is Building a Home Cheaper Than Buying in 2025?
Right now, the numbers suggest that building a new home can be slightly more affordable than buying an existing one—especially in the current Queensland market.
According to the ABS, recent estimates place the average cost to build a new home in Queensland is $450,806 for an average family home 245sqm floorplan with 4 bedrooms, 3 bathrooms and a double garage. When you add the average land price of $437,900 (based on a 420m2 lot), the total cost to build sits at approximately $888,706.
In comparison, the average house price in Brisbane has now surpassed $1 million, making it more expensive upfront to buy an established property.
So
How much does it cost to build with Clarendon Homes?
Find your forever home in 3 easy steps with our customisable design tool! Simply choose your favourite Clarendon Homes design, personalise it to match your style by choosing floorplan options and a facade, and download your no-obligation estimate. It’s the perfect way to see how your vision fits your budget.
Need financial advice to kickstart your journey? Speak to the friendly team at Loan Market Elevate, they’re here to help you understand your options and build with confidence.
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