Vacant Land

From: Mike Farmer


Hi all,
I've been looking at vacant land in Kawana Waters and Pelican Beach, Sunshine Coast Qld. On the face of it, they seem to have 5-10% p/a growth! My query is, what would be the best way to finance the purchase, ie buy outright, interest only or p/i? etc. appreciate your suggestions, Mike
 
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Reply: 1
From: Rolf Latham


Hi Mike

if it is your intention to build within 12 months, an 90 % interest only loan is available (subject to mortgage insurance of course)

Ta

Rolf
 
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