anyone tried land only

Land is often a consideration because you have the freedom to create whatever positive geared scenario you can think of with the new building.
eg. duplex, multioccupancy, granny flat

The downside is:
The land is not in established area known for tenacies
New buildings cost more than old ones often
holding costs while building
Council restrections

And lots more…

don’t forget to include GST in your cashflow

Yes Terry land IS booming along the eastern seaboard. We bought a block, one(short) street back from the water that every one thought was too expensive at the time. 20 mths ago. It has already doubled in price and we are selling to give us the start to get into +IP’s.
Consider:
no income from land is the big down side
and high interest repayment if you borrow 90% like we did.
expenses : rates, and regular mowing
hold for at least 1 YR. 50% less in CGT

Hint: also look at land with pull down houses insitu. old blocks are usually much larger in area i.e. 900sm. as to new 400-500sqm. With councils policies of medium density living in many areas it becomes possible to turn a profit by subdivision into 2.[]

Hi 224013,

I’m the same as arty2003 we purchased 37.5 acres of residential property in Knowsley (can’t be subdivided), 25 min from Bendigo Population 70,000, 10 mins to Heathcote (vic) for $31,500 about 4 years ago, we have just sold the property for $95,000 we were rapt, to give you an idea of how we located this property, we saw in the Weekly Times and Trading Post an advertisement for reposessed properties, I rang the number he sent me a coloured booklet of all the properties which have been reposessed by the banks, it was fantastic. We marked which properties we were interested in, rang him and he gave us the address to go and have a look. I think he’s still advertises in the paper, in the real estate section(sorry can’t remember his name) have a look and go for it, we had fun getting away from Melbourne on the weekend go up there, and relax, we also had Lake Eppalock 5 mins from us, to swim and do a bit of boating, it was great. Plus when we were finished with the property we made a great profit.
I should also tell you, if you do find a property don’t tell you future neighbours how much you’ve paid, that was our mistake, but they asked! all the other properties which were the same size 37.5 acres they paid $60,000 and people get a bit disgruntle when they find out how much you paid. But if you do your homework properly you just can’t lose.
Good luck!

I”m looking at land but am in a different situation than the norm. I have acquired around $80,000 in trade dollars with a bartering company that is just now doing a deal with some land developers in SE QLD near the water. I’m yet to be advised of the cost of the plots and the percentage of real cash to trade dollars but I suspect I could make some money here. This is of course if the land is realistically priced for the area. I will be doing my homework price wise before doing any deals but does anyone know how tax applies to the selling of land bought in the way I’m describing? I have just sold my house and am looking at renting for a while and using my house profit to invest in this land and may be build something on it to rent out or sell.
Any ideas anyone or comments?
[:X]Bev