Land

[b7277]

Hi

I have never invested in Land and would like to know how the growth is if we buy a land and not build a house or Buy a land and build a house?

What do you look for when you buy a land in Australia.

Regards b7277

 

[westminster]

I like to buy land then build as you only then have to pay stamp duty on the land component not on the whole land + house as you do with established properties.

Of course you do have holding costs during construction but you also get to reap the rewards of tenants loving new properties, higher depreciation, warranty periods on appliances, builder warranties and generally less maintenance as everything is new.

I'm not keen on buying land and doing nothing with it - you can't claim any negative gearing on it and I see little point to it.

 

[HD_ACE]

the scarcity of the land is what will drive prices up.
So i wouldnt be buying in a new land release or anything like that.
just where land is rare and the demand for it is there.

but i would think you would still want a holding income while you wait?

cheers