Hi Kasia

Wouldn’t you be better off purchasing a property with a building on it to generate some income? Any kind of building such as a house or something that you can rent out is usually the way to go so that some income can be made to help you pay it off or pay the bank to keep it. This is sooo much better from an investors viewpoint. My experience of buying blocks of land is that you don’t get any tax benefits from money spent on purchasing and developing and the property will most likely be negatively geared, which is another story.

Arny