Hi
I am a newbie to all this and have just discovered this great website.
Anyway, I have just moved to Hobart and am looking to build or invest here.
I have found a block of land in Richmond which is a small acerage and was hoping to build a house with a view to living there myself for a few years and then either renting it out or selling it for tax free profit (like I have just done in Adelaide)
My question is:
* It appears to be very expensive here to build a house (I have been quoted around $12500 a square). Will I be able to sell the house in a few years time at a profit? Or is it better to invest in an established house?
If anybody with knowledge about the Tasmanian market can give me some advise on the above as well as any recommended builders (and their approximate prices), that would be great.
Thanks.
Hi, builders…. such a builders paradise in Hobart with more work than they can handle. At least a 6 month wait for a builder to start and a guess when your house would be finished? can you afford the payments and rent while you wait. Hobart is such a crazy place now, I live here and I am still trying to sought it all out,
good luck[build]
Buyt established hgouses/townhouses hopefully with tenants in place paying good rent. Cash back as soon as it settles to pay the mortgage.
Building delays like that in Ipswich area of Qld too. Means one thing to me, pockets that have been missed to find and invest in. Thanks Hobart.
Keep the good news coming.
DD
PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!
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