Buying a house and land package is a really popular option for first home buyers. Most states have grants and incentives for buying new builds. Plus, buyers get the benefit of a brand new shiny home and quite often a much bigger property than they can afford in an established area.
Todays episode unpacks house and land properties, and there’s a LOT to cover. We explore construction loans, lending risks for these types of properties, how we do due diligence on a block of land and builder, how we research an estate, what it means for a block of land to be ‘titled’, and the start to finish process if you’re considering buying house and land.
Amy also explains the drawbacks of this strategy, including the property potentially having lower capital growth prospects due to the limited land scarcity and lower amenity of these types of homes.
Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental