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Buying New vs Established

Buying established? Don’t forget the fix list.

When comparing homes, it’s easy to focus on the purchase price. But for many buyers, the real difference shows up after settlement.

Established homes can come with a list of upgrades, repairs, or improvements that aren’t always obvious at first glance. Depending on the property, buyers may need to consider:

  • Painting and cosmetic updates
  • Appliance repairs or replacements
  • Heating and cooling upgrades
  • Landscaping or outdoor improvements
  • General maintenance and repairs


Why the full picture matters

A lower upfront price doesn’t always mean lower overall spend. That’s why it’s important to consider both the purchase price and what may be required after moving in.

For many buyers, this is where brand new homes can feel more predictable and easier to plan for.


The benefit of buying new at LUMA

Our homes are designed to reduce the need for immediate work after settlement. With everything ready from day one, buyers can move straight into a home that already feels complete, with:

  • Modern finishes throughout and landscaping included
  • Minimum 7-star NatHERS energy rating for improved efficiency and lower running costs
  • Double glazing and improved insulation for better temperature control and quieter living
  • Solar with battery storage to support more efficient energy use
  • EV charging provision for future-ready convenience
  • Water-saving features, including rainwater tanks, to reduce household usage

Before you make a decision, we encourage you to inspect and compare. Look at what's included, what's not, and what it would cost to bring an established home up to the same standard. You might find that buying new makes more sense than you expected!

Explore our available homes, with everything included the moment you step in.

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In the spirit of reconciliation, Development Victoria respectfully acknowledges the Traditional Custodians of the land on which Luma is being built and developed. We recognise their continuing cultural heritage and connection to land. We pay our respects to their Elders past and present.

Yinga Biik Birranga-ga (Sing land and Country), Steve Ulula Parker