There are many factors to consider when buying land as an investment. Choosing the right block when investing in land is just as important as selecting the right home design for your investment property and choosing your land wisely can potentially save you tens of thousands of dollars, and provide plenty of other benefits you may not have considered for your home and land package. If you already have a home in mind and are looking for a perfect place for land investment, or if you are just starting to explore a few new investment land estates to see what is on offer, we recommend that you keep the following things in mind to minimise costs and avoid expensive and unwanted surprises in your home and land package:
- Lot sizes
- Lot frontage, shape and slope
- Soil conditions
- Planning controls, overlays and covenants
- Easements and utilities
- Site works
- Verge Items
- Parks and roads
- Landscaping and fencing rebates plus incentives.
For a detailed explanation of exactly what it is that you should be considering when buying land as an investment in relation to the above list, read our full article Choosing right block land for your investment.