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House and Land Packages as Investment Properties
All property investors when looking at investment properties should always consider the alternatives including the option of buying home and land packages.
Many property investors like the option of buying a new house and land package around Australia. With so many options it is always important to undertake some property research to identify what is included in the house and land package you are looking to buy.
Buying a new home for investment still comes with all the great depreciation benefits and as you are purchasing house and land, it comes with land, which is really important to some property investors.
Many home and land packages are packaged by an intermediary company that purchases the land from the developer (at a discount) and then organises a builder to build the home. There are usually set designs depending on the location and size of the property.
Always make sure you are using a reputable builder when buying home and land because if your building contract doesnt finish on time or there a high number of defects its going to affect your cash flow going forward with a delay in your tenant renting the property and additional maintenance costs down the track which the builder may walk away from.
There are some big benefits to buying house and land packages. These include:
- Land Content
- Equity on completion
- Large family home
- Normally in high demand growth location
- House and Land Packages are affordable
- Land is limited
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