Browse Forums Buying Land Re: Anyone purchased land then sold it once registered?? 2May 05, 2017 10:51 pm Not me..but someone bought a land in May 2015 for $665,000, settled in Jun 2016, then sold for $1,016,000 in Nov 2016! This is the one: https://www.realestate.com.au/sold/prop ... -201625610 Here is my buying off the plan land tips. I bought in the same estate. Cons: - It is a risky strategy. You may gain, but you may lose as well with the fees associated (stamp duty, interests, agency fees, land registration fees, conveyancing fees, etc). But land goes up in value. So if you cannot gain profit by selling it straightaway, you can build and hold anyway. - You will not exempt from 50% capital gain tax discount - Sometimes the developer put caveat so you cannot sell it without approved plans - Depends on your serviceability, you might need a building contract to get the loan approved for the land purchase. Personally I would rather build, hold and sell Re: Anyone purchased land then sold it once registered?? 3May 07, 2017 8:36 am Lil85 thanks so much this helps a heap ... We have decided to do it as a house and land package and they have offered to remove a lot of things like AC and flooring to save more $$ and we will do it after handover I think you are right, buying the land may only go up $50k by the time the build begins in 6 months but having a finished house will hopefully double that FIngers crossed . Thats a HUGE profit that person made on their land, wow. Can someone please offer some advice? Im DESPERATE. Because I'm completely and utterly exhausted. How long are variations taking with other companies at the moment? We… 0 18473 Yeah I don't know why I came to a forum. Place is full of wierdos/pedos thought internet may help but I suppose I'll try my luck with someone in person. Cheers. I tried… 0 6446 Need advice on the backyard plan above. Should I excavate and cut all of the dirt to level with the house slab or semi-excavate as per photo above? Both left and right… 0 24875 |