Vacant Land
Purchasing Vacant Land
Homeownership starts with a simple step – acquiring a piece of land.
Purchasing vacant land gives you the freedom to secure a block of land and select the house you want to build at a later stage.
Buying land checklist
There's a checklist you should follow when buying unoccupied land in Australia to make a smart investment and ensure a smooth development process.
Here are 10 simple tips for buying vacant land.
Check that you have water, electricity, and internet available, if not you will need to budget for their transportation to your site.
- Learn the municipal council's zoning rules to avoid any potential building restrictions.
- Check that you have water, electricity and internet available, if not you will need to budget for their transportation to your site.
- The slope of your land and soil can greatly impact your building project. You should consult with your builder or engage a surveyor to inspect the land.
- Building Boundaries: Does your land have restrictions or covenants? They may limit the house you can create or the materials you can utilise.
- Right of Way: Provide a well-maintained road to your land. This can effect your property's build and value.
- Look Ahead: Forecast for local development? A region on the rise can boost property values, especially if it brings schools, businesses, and transportation.
- Site Visits: Explore the land at different times to learn about local traffic, neighbours, and if a 4 pm Friday train disturbs the ground.
- Green Tape: Be aware of environmental laws and land classifications that may prevent tree removal
- Financing Your Future: Land loans may differ from housing loans. Talk to Mortgage Achievers to determine your best land purchase financing strategy.
- Professional Advice: Have a Lawyer or Conveyancer review the Contract of Sale before signing and talk to an architect or builder about your budget and build ideas.
These measures aren't just about due diligence; they're about ensuring a successful acquisition that matches your wants and supports your home or investment aspirations.