If you’re in the market to build new this year, you’ll likely come across the term “turnkey” in your search. The concept of a "turnkey" home is to offer a home that is fully prepared for immediate occupation, which means everything from the landscaping to the interior details like appliances and window coverings are already in place. They’re designed to simplify the home-building process; all you have to do is turn the key!
This approach appeals especially to first-time homebuyers, and investors looking for a straightforward, no-fuss investment.
For first-home buyers, the appeal of turnkey homes lies in their simplicity and the financial certainty they offer. These properties often come with a fixed price, which includes all home essentials, making budgeting simpler.
Investors also benefit, as these homes can be rented out immediately, ensuring a quick return on investment. The convenience and efficiency of turnkey homes make them a compelling option in the fast-paced Australian real estate market.