Buying land
#1
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Thread Starter
Joined: Feb 2005
Location: Melbourne, since 19th Jan 2006
Posts: 596
Buying land
We want to live in the SE Suburbs of Melbourne (Bayside) and have been advised to buy land and build to avoid the extortionate stamp duty. The thing is, we have looked at land available to buy and it is more expensive than buying an established house on a similar sized plot of land. Are we missing something here.
#2
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Joined: Mar 2003
Posts: 4,432
Re: Buying land
Originally Posted by coxfamuk
We want to live in the SE Suburbs of Melbourne (Bayside) and have been advised to buy land and build to avoid the extortionate stamp duty. The thing is, we have looked at land available to buy and it is more expensive than buying an established house on a similar sized plot of land. Are we missing something here.
#3
Re: Buying land
Originally Posted by coxfamuk
We want to live in the SE Suburbs of Melbourne (Bayside) and have been advised to buy land and build to avoid the extortionate stamp duty. The thing is, we have looked at land available to buy and it is more expensive than buying an established house on a similar sized plot of land. Are we missing something here.
Lesley
#4
Re: Buying land
I looked at his too, I reckon even if the house is a cr*p hole, if it's cheaper that a similar sized plot and in a good location then surely you could just demolish it and then build what you want ?
#5
Re: Buying land
Originally Posted by Phil-UK
I looked at his too, I reckon even if the house is a cr*p hole, if it's cheaper that a similar sized plot and in a good location then surely you could just demolish it and then build what you want ?