Hi its Jewel. Just a beginner in property investing. I bought a land in Tarneit Newgate, Vic. Confused whether I build house or sell it now. It might have good capital gain in the long run. appreciate if anyone wants to share their views?
Hi Jewel Not enough information there to be able to say Was the original goal with this land purchase? Was it to construct or flipping? What is your ultimate goal? Do you own a home? How is the resale of blocks of land in Melbourne? I was of the understanding a large amount was coming on the market with new registrations, and also some people being unable to complete the deals due to lending requirements changing overtime.
Thanks for your questions? Yes, initially it was to construct and hold. But now thinking that I will have good IP option in Sydney/Qld. Yes I own few investment properties. I was in impression that lending restrictions are just loosened for everyone now.
