What has been the rate of growth for the region/area and what is the projected growth rate.
What period of time do you plan to hold the block before on selling – consider your purchase and on sale costs.
If building an investment home on the block, will it be for on sale or rental – consider your capital outlay,Likely return and costs associated with each scenario.
Get professional advice on capital gains tax implications.
BUYING FOR YOUR NEW HOME
Take into consideration the location and quality of the surrounding homes.
What lot shape and size will best suit your house plan and provide you with sufficient outdoor entertainment areas or room for a pool or room for a shed/workshop etc.
Be aware of any easements or other impediments that may affect building on the land.
Check that all services that you deem necessary are available for the block. Blocks in the country or in a remote area may not have all services available.
Ensure that all necessary or special conditions are written into the offer to purchase.Other Questions? Please e-mail us on firstname.lastname@example.org
or phone 9488 3316