My friend's family with my family are buying a land from landcom in NSW which is suitable to build a strata titled duplex. We still haven't exchanged the contract. Currently the all the four names are in the contract.
Our end goal is to build two duplexes and hold long term. My friend's family like to hold one of the duplexes and the other duplex will be for us. Unfortunately landcom will not allow us to buy the land in structure like unit trust etc.
What is the cost effective way to achieve the end goal. Your ideas are greatly appreciated.
Our end goal is to build two duplexes and hold long term. My friend's family like to hold one of the duplexes and the other duplex will be for us. Unfortunately landcom will not allow us to buy the land in structure like unit trust etc.
What is the cost effective way to achieve the end goal. Your ideas are greatly appreciated.
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