Aug 13, 2018 8:24 pm
Hi guys, my wife and I have just got a block of land that was valued at $140k. It is a bank repossession which we got for less than $100k.
When the time come to build on it, does the equity in the land act as a deposit for the build or is a separate deposit needed?
This is a first for us so will receive the FHOG as well.
Re: FIRST HOME BUYERS2
Aug 13, 2019 9:50 pm
Firstly well done, it sounds like it was a great buy.
Yes they will look at your project as a whole and use any equity you have made which is great.
My blog: www.LearnProperty.com.au
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