I'm no expert but  im my experience you will need to pay council rates, depending on  what services the land has, ie sewer, town water  etc…if it isn't a huge block and it has neighbours you will need to have the grass cut-  you may have to anyway as long grass is a fire hazard.My inclination would be to  build on it if it is in  a reaso…[Read more]

I'd definitely pay your Ccards first. 

if it is your only property, then you won't have to pay CGT.  If you own other properties at the same time you may have to.  There is a questionaire on the ATO website that might be helpful to have a look at.

Thanks, good thinking about Lauderdale… I've been looking at kingston too, we're building our home in Kettering as we speak and will likely rent that out for a couple of years first to get the mortgage down, but I'd like to get a cheap investment property too.  How've the tenents been in Kingston?

Have you thought about building on your land?  Rather than forking out for a new property it might make better sense to get some rental income off your land.