I am thinking to place a call option on a block of land in a new estate in a large regional town in Victoria. If I place a call option to hold the block there are no ongoing cost until settlement. The estate is being master planned by a prominent architecture company.
Anyone has experience about putting option on land? What the things to consider? Is it worthwhile doing and get the high return than basically buying a house and land package?
I had a client that optioned up about 20 blocks of land off the plan. They tripled in value before settlement. He was a millionaire out of that deal. I’ve also had other deals where I have sold an option and it hasn’t been exercised.
Are you willing to lose the option amount?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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