Search results

Although with house and land package, I have to pay the interest early from land settlement time, then as per progress payments, the interest will be more and more. I think the benefit of less stamp duty will be offset by amount of interest payable at the time of construction.

Thanks guys. My broker misunderstood the case. Now I am assured. Is it correct that I will only pay stamp duty on the land only? because stamp duty is payable in current form, which is land.

How do you deal with the land settlement within 30 days and progress payments? Are banks fine with that? Because as per article, it said that they will not fund during construction phase, hence progress payments won't be funded. There is no common construction provision, everything is just...

I think that is the real issue. I talked to those few developers, they said, the land owner requires full payment in 30 days after the contract, and then there will be progress payments during construction. Looks like this is also common, I talked to 3 different developers and they said the...

I think based on the article below, my broker's definition of split contract is correct and accurate. The ones that banks stop to lend is the properties share roof or common walls e.g. townhouses, villas. But they will however still fund for single home constructions. Although there is confusing...

I am buying OTP (off the plan) FYI. My broker said that the definition of split contract is separate contract between land and building. Can anyone else clarify? :) I am really confused.

http://www.realestate.com.au/property-house-qld-fitzgibbon-117922835 That's one of the example. There is one with plan already submitted to Council, and couldn't make any external change and floor plan, only the building materials and colour choice, even then it still comes with 2 contracts...

I am looking for a new house, not common wall or build areas, the ones in Fitzgibbon Chase or Carseldine. They pretty much resemble a house, with 350-500sqm of land.

Guys I am very much interested to acquire new house and land package in Brisbane, but I checked all new H&L package come with split contract (2 contracts, one with land owner and one with builder). Talked to my mortgage broker and he said, no bank will lend me money on this. Then my question...