Land or existing dwelling

Discussion in 'What to buy' started by 29349, 15th Nov, 2020.

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  1. 29349

    29349 Well-Known Member

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    What is recommended
    Land or existing dwelling.
     
    29349, 15th Nov, 2020
    #1
  2. MB18

    MB18 Well-Known Member

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    Do you want to build a house or move into a house? That should answer your question.
     
    MB18, 15th Nov, 2020
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Now or in 12 months or longer?
     
    Scott No Mates, 15th Nov, 2020
    #3
  4. Rich2011

    Rich2011 Well-Known Member

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    PPOR or investment?

    Which city?
     
    Rich2011, 15th Nov, 2020
    #4
  5. The Y-man

    The Y-man Moderator Staff Member

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    Land if the existing dwelling does not come with land (eg house only, mobile dwelling such as tent, cabin etc)

    The Y-man
     
    The Y-man, 15th Nov, 2020
    #5
  6. 29349

    29349 Well-Known Member

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    What I meant is:
    Is building an unnecessary headache if you can buy a house.
    Is land and build a cheaper option?
     
    29349, 15th Nov, 2020
    #6
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    You sacrifice location for new as your trade-off.
     
    Scott No Mates, 15th Nov, 2020
    #7
    Jey2018 likes this.
  8. The Y-man

    The Y-man Moderator Staff Member

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    I have always bought pre-loved except on 2 occasions (one OTP and one brand new), but plenty of people have done well with House and Land.

    A lot I suspect has to do with timing, risk appetite, what you know, and who you know.

    The Y-man
     
    The Y-man, 15th Nov, 2020
    #8
  9. MyPropertyPro

    MyPropertyPro REBAA Buyer's Agents Sutherland Shire & Surrounds Business Member

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    You'll pay less stamp duty theoretically as it will be applied to the land in isolation by nature of the transation, not the contract price of what would be the whole amount if you bought an existing dwelling with house and land.

    - Andrew
     
    MyPropertyPro, 16th Nov, 2020
    #9