Cost of keeping unoccupied land in Australia
Jul 24th 2003, 12:48 am
#1
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Cost of keeping unoccupied land in Australia
If I was to buy a plot of land in Queensland as a future investment then does anyone know what annual charges I am liable for ? Let's say I bought a couple of hectares with town water and an electricity supply but just left it empty for five years or so. I assume I have to pay some form of land tax and rates but could anyone point me to a web page that would enable me to work these out and any other charges that I might incur.
I assume that there is also a duty to keep it in relatively good order and not to let it become a tinder box etc.
If anyone could point me in the right direction it would be much appreciated. I've heard stories of people buying really cheap land ($10k for example) but then basically giving it away because the charges made it not worthwhile.
I assume that there is also a duty to keep it in relatively good order and not to let it become a tinder box etc.
If anyone could point me in the right direction it would be much appreciated. I've heard stories of people buying really cheap land ($10k for example) but then basically giving it away because the charges made it not worthwhile.
Jul 24th 2003, 1:16 am
#2
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Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Here is the link for Brisbane city Council
They seem to work on the land value not the property value, so vacant land would attract the same rate as one with a house on it. If the land is classed residential you pay the same rates wether it's developed or not.
I'm a bit unsure about this myself.
They seem to work on the land value not the property value, so vacant land would attract the same rate as one with a house on it. If the land is classed residential you pay the same rates wether it's developed or not.
I'm a bit unsure about this myself.
