A House and Land Package can be a very effective way to gain further tax deductions and fast capital growth. Established properties are always and easy solution but there are times when you can see land is increasing in demand in one particular area which can only lead to one thing and thats price increases. This is where we target our house and land packages, areas that are strong and do not have too many new land releases coming on the market in the future.
Even if your on a budget which was case for this young couple, borrowing capacity was limited, family was large and comfort level for them was not very high. Naturally being their time they were unsure of how to go about investing in their first rental property so the broker called me and asked to assist. We conducted a number of visits to firstly educate them and then we started to look at property types and locations. The property that ticked all their boxes was a new build in Kallangur, 4 Bedroom 2 bathroom property and the land backed on to a reserve.
Now this property is 2 years and it has grown significantly in value and I don’t recall it ever being vacant. We are now in discussions for the next one.