L lam 20th Sep, 2014 #1 Hello, I am looking at buying a vacant piece of land in NSW. Do I need to pay stamp duty on the purchase price? How much max LVR would the bank lend for vacant land in NSW? Is the grant still available? thank you L
Hello, I am looking at buying a vacant piece of land in NSW. Do I need to pay stamp duty on the purchase price? How much max LVR would the bank lend for vacant land in NSW? Is the grant still available? thank you L
Mick C 20th Sep, 2014 #2 lam said: Hello, I am looking at buying a vacant piece of land in NSW. Do I need to pay stamp duty on the purchase price? How much max LVR would the bank lend for vacant land in NSW? Is the grant still available? thank you L Click to expand... 1. Stamp duty yes...there's no SD on the build price tho 2. Depends on the area and size, regional? or suburbia....but 90% is normally max ( yes someone's gonna come in and say 95% is do-able but it's sooooo rare ) 3. Grant - FHOG yep.
lam said: Hello, I am looking at buying a vacant piece of land in NSW. Do I need to pay stamp duty on the purchase price? How much max LVR would the bank lend for vacant land in NSW? Is the grant still available? thank you L Click to expand... 1. Stamp duty yes...there's no SD on the build price tho 2. Depends on the area and size, regional? or suburbia....but 90% is normally max ( yes someone's gonna come in and say 95% is do-able but it's sooooo rare ) 3. Grant - FHOG yep.
knightm 20th Sep, 2014 #3 lam said: Hello, I am looking at buying a vacant piece of land in NSW. Do I need to pay stamp duty on the purchase price? How much max LVR would the bank lend for vacant land in NSW? Is the grant still available? thank you L Click to expand... Just make sure you know what to pay for your block. So many people overpay.
lam said: Hello, I am looking at buying a vacant piece of land in NSW. Do I need to pay stamp duty on the purchase price? How much max LVR would the bank lend for vacant land in NSW? Is the grant still available? thank you L Click to expand... Just make sure you know what to pay for your block. So many people overpay.
S serendip 20th Sep, 2014 #4 knightm said: Just make sure you know what to pay for your block. So many people overpay. Click to expand... Any tips on how to determine a fair price? i'm looking at one & as it's relatively inner city there are few comparables.
knightm said: Just make sure you know what to pay for your block. So many people overpay. Click to expand... Any tips on how to determine a fair price? i'm looking at one & as it's relatively inner city there are few comparables.
knightm 21st Sep, 2014 #5 serendip said: Any tips on how to determine a fair price? i'm looking at one & as it's relatively inner city there are few comparables. Click to expand... Inner city where?
serendip said: Any tips on how to determine a fair price? i'm looking at one & as it's relatively inner city there are few comparables. Click to expand... Inner city where?
Mark Coburn 23rd Sep, 2014 #6 Land price Get a bank valuation from your mortgage broker. He should be able to organise a free one for you. Last edited by a moderator: 24th Sep, 2014
Land price Get a bank valuation from your mortgage broker. He should be able to organise a free one for you.