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In QLD so long as it is written in to the contract it is allowed.
Commonly known as an “early release of deposit”
This is especially common when there is a long settlement and a large deposit.
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http://www.ledg.net
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I am new to this forum, but not to the property game. I was actually a real estate agent for RE/MAX Noosa for a few years and I know the Sunshine Coast very well.
Your not alone Pursefattener, many people travel to Noosa only to return a few years later to live there for good! I myself intend to go back some day, but first I need to go out in to the big wide world to make my fortune! (currently working in Brisbane and just bought my family home here! Settles in 6 weeks! [biggrin] )
Noosa is awesome. There is no other way to describe it, and if you can manage it a house in Noosa is always a good investment, its FAR from CFP, infact a $700,000 house is likely to return a mere $350 p/w, but Noosa is Noosa.
I know the Kin Kin area very well also, I was involved in marketing a subdivision in Kin Kin where prices started at $115,000 in the first stage walking distance to the town centre, cheapest land in Noosa Shire and worth a look in for speculators. (note: Kin Kin is about 40 mins from Noosa and is closer to Gympie than anywhere else, it is -just- Noosa Shire).
Noosa Council is very strick on sub-dividing blocks, even as far out as Boreen Point where you can pick up blocks of a few acres you wont be able to sub-divide in most cases… land is hard to get in Noosa Shire in any way, shape or form. In most cases its cheaper to buy an old house than a block of land.
Note: If you like treed areas, check out Doonan in Noosa Shire.
You will not find good land for $200,000 in a nice quiet area, expect to pay closer to $400,000 for a good block (Noosa/Mooloolaba)… unless you end up in an ugly estate in the back waters with neighbours living on your back step, then you might get away in the high $200’s but yuck! Rural areas will be a different story of course!!
I lived in Coolum for a while, I love Coolum nearly as much as I love Noosa, its slower and sleepier and suited me just fine, 20 mins drive to Noosa and only about 10-15 mins south to Maroochydore, great place. There is alot of cain fields in Coolum, however there is a big kefuffel about it atm as its not -supposed- to be developed, however I do know that a large movie studio bought up alot of the land and is putting some very large studios there (similar to movie world studios but without the theme park). This will only help the area as it will bring jobs and people to an already thriving area.
I could go on for ages about Sunshine Coast real estate, especially Noosa (as that is where I worked), if you have any specific questions please ask, ill be happy to answer as best I can.
If you want to speak to a good agent in Noosa the best of the best by a looooooooooong shot is David Garwood, Principal of RE/MAX Noosa (0411 862 954), he is just fantastic! [thumbsupanim] Give him a buzz and ask questions, he knows everything about everything (or as much as a single person can know about an area!)
I also recently purchased my family home in Zillmere (north Brisbane) and know a bit about that area as well (since I have done MUCH research!) so I can help there as well.
Cheers,
Ledg
[lmao]
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http://www.ledg.net
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