Financing your land and construction project
Whether you are hoping to create that dream home or looking to make a solid investment, purchasing a block and building new is a great option. As with any purchase, understanding the financial process and any potential risk is key to your overall success.
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As a potential homeowner or investor, building your property from scratch comes with many benefits. Control over design specifications, fewer maintenance issues moving forward, lower energy costs and the ability to access greater tax incentives through depreciation make this an attractive option for many buyers.
A further financial upside of buying a block and then building is that stamp duty is only paid on the land, not the construction, ther…
