Building a new home is a major life decision — and timing can make a real difference to your experience, costs and future lifestyle.
If you’re wondering whether you should build now or wait, you’re not alone. This is a very hot topic in today’s market. Let’s walk through the pros and cons of each option to help you make the best decision for your situation.
Choosing to Build Now…
Consider the below benefits to choosing to build your new home now:
- Lock in Today’s Pricing
Starting now means you can secure today’s rates, avoiding further increases down the track. Construction costs have been steadily rising due to increased material prices
- Move into Your Dream Home Sooner
If you have a clear vision of your future lifestyle – whether that’s needing more space for your family, a better location, or a more energy-efficient home – building now means those dreams are closer to reality.
- Beat More Potential Interest Rate Rises
If you need finance, securing a construction loan now could help you access more favourable rates. Interest rates are very uncertain and unpredictable at the moment, meaning continued interest rate rises could be happening later this year. It could be better to lock in your interest rate now before future rises negatively impact your borrowing power.
- Take Advantage of Current Land Availability
Popular areas are selling fast. Waiting could mean missing out on the block you love – or paying more for it later.
Why You Might Choose to Wait…
- Allow Supply Chains to Stabilise
The construction industry has faced material delays over the past few years. While the situation is improving, waiting a little longer might mean faster build times and less frustration if materials are more readily available.
- See How the Market Moves
If you’re concerned about a possible market shift, holding off may give you time to watch trends in building costs, land prices, or broader economic factors.
- Build Up a Bigger Deposit
Waiting could give you more time to save, reduce your loan size, and be in an even stronger financial position.
- Refine Your Plans
If you’re not 100% sure about your design, land choice, or builder, waiting will give you more breathing space to research, plan and perfect your vision.
Key Questions to Help You Decide
Ask yourself:
- Am I financially ready now, or do I need more time?
- Is there land available that suits my needs today?
- Would delaying mean compromising on location, size, or features?
- Am I comfortable with current construction timelines and supply conditions?
- Would building now give me a lifestyle benefit that waiting would not?
Our Advice: It’s About Timing for You
There’s no perfect “one-size-fits-all” answer.
If you’re ready financially and emotionally, and you find the right block and builder, building now can be an excellent decision to protect against future cost rises and secure your ideal home.
If you’re feeling unsure, it’s okay to wait — as long as you stay actively planning and communicating with your builder so you’re ready when the timing is right.
Need Help Making the Right Move?
Whether you’re looking to build immediately or just starting to explore your options, we’re here to guide you.
Our team can walk you through the process, show you available home designs and facade styles, and help you make a decision that’s right for your future.
Contact us for a no-pressure conversation about your next steps.
