Why 2023 is a good time to build your dream home

As Yarra Valley’s bespoke home-building specialists, specialist, Cobalt Constructions has nearly two decades of experience bringing dream home projects to life!



We understand that some people consider building a new home as a bit daunting, especially if you’re still in the planning phase, which is why our primary aim is to make the process as simple as possible for our clients. To make the decision easy, we’ve identified some of the best reasons why you should consider building your dream home in 2023.

Building Materials

The past few years have seen big changes to the global supply chain, leading to recent shortages and price increases for many materials used in home construction. However, the good news is that the tide is turning! The supply chain is gradually stabilising which is making materials more readily available, resulting in more certainty for your project’s timeline and feasibility.

Industry Innovation

Innovations in construction make it easier and more efficient to build your dream home. The continual development of building practices, with breakthroughs in techniques and materials, has the potential to reduce construction time and costs while providing high-quality, custom homes.


With sustainability top of mind, 2023 provides a great opportunity to incorporate features that help the environment as well as your cost of living. Solar panels, exterior sheltering, and home orientation all contribute to a sustainable home. Additionally, new energy-efficient systems and sustainable construction practices can save you money on your utility bills in the long run.


Building a custom home is a long-term investment that can provide significant returns over time. By building a home with quality fixtures and finishes, you can increase its value and potentially earn a profit if you decide to sell it in the future. A general rule of thumb when considering a building project is that, if you are planning on keeping your home for the long term, there is significantly less chance of overcapitalising on your property. Not only will you enjoy the benefits of living in a home that you love, but when the time comes to eventually sell, a well-built, quality home will always yield good returns.

Grants and Incentives

There are currently a variety of grants and incentives available to assist with financing your build. Checking your eligibility for Government grants or shared equity schemes, energy rebates, discounts and incentives for purchasing and installing sustainable or energy-saving products can save you a lot of money either upfront or over time.

Personal Touch

Building your own home allows you to customise where you live to your unique preferences and lifestyle. You can incorporate features that you’ve always wanted in a home: multiple storeys, open-plan living spaces, a deck for entertaining; it’s your playground! With advances in technology and design, you can build a truly unique home that reflects your personality and style. If you have a clear idea of what you want in a home, building in 2023 could provide an opportunity to bring your vision to life. 

Now is the Time!

There are always a number of factors to consider when deciding if this is the year to start building your dream home but if you already have plans prepared, now is the best time to get started. The NCC (National Construction Code) is due to implement changes from 1 May 2023 that will require homes be designed, or if you already have plans they may need to be re-designed, to comply with increased building requirements. Although these changes will improve the energy efficiency, livability and quality of homes, if you can get started with your home building journey in 2023, it is a great time to get started on that project.

There’s no time like the present! Especially when it comes to creating your dream home. If you’re ready to build and you want to work with a trusted team who value personalised customer service and high-quality craftsmanship, get in touch with the friendly team at Cobalt Constructions today.

Stop dreaming. Start building.

Begin your bespoke living journey with Yarra Valley's finest.

Cobalt Constructions