Houses are stand-alone properties.  The Great Australian Dream used to be to own a house on a large block of land with the white picket fence.  However, over the years this dream has changed, but some families still prefer to live in a house on their separate piece of land. Some particulars about houses include: 

• Attracts families as tenants.
• New houses are mostly located further away from the CBD. There is usually a minimum number of infill lots closer to the city where an existing dwelling has been demolished and the land sub divided into smaller lots..
• Maintenance may be high as you need to pay the cost to maintain the building, gardens, etc.
• Land content higher than townhouses or duplexes which results in higher rates.
• Owner responsible for the maintenance on building, fences, etc.
• Land appreciates over time, so even if all you can afford is a suburban house, it could be a wise choice, provided you have assessed the supply and demand, affordability and economic factors.
• A project home builder generally builds one or two display homes and once contracts are signed, they start building other homes. If they don’t have signed contracts, they won’t build, thus halting supply.
• House and land packages are common with newly built homes which have two separate contracts.  One for the land and second contract for the house. This can effectively reduce stamp duty costs on purchase.
• Fr investment property, keeping costs down is important, older homes or those with features such as a pool or extensive landscaping may cost more to maintain.