Making Money on House & Land Packages

Yep agree......700-800k...you are kidding if there is value...let alone the vals stacking up.

 

Where would you buy today?

 

Well....that is something I am keeping close to my chest for the moment.

 

If you share may be we can hype it

 

Nah...pressure is already there....

 

Nah...west is yesterdays news...

 

OK, I three other choices or if all else fails, I will phone you

 

I still think west is the go for affordability.

@New2prop For me the areas I'd still consider are Werribee, Wyndham Vale, armstrongs creek, Melton West. In that order.

For me everything else is getting too exp for me to get to work at the moment. I can't see enough in it. Last two I bought In Rockbank are up $50k ea so I won't buy there again. Last one I bought in Werribee I could probably still
Buy at the moment.

 

HI @Cactus
When did you buy in Werribee and at what price? An existing property or L+H. The lot that I bought in January 2017 in Wyndham council is up 45k in just 6 months.
As @melbournian has quoted, would you be looking inside the ACZ or outside? There is a difference of 50-80k if you buy within zoning or outside the zoning.


Regards

 

Hi Ashish, amazing how have got such a high appreciate in a short timeframe. Did you know this going in? Are there still such opportunities?

 

I bought end of June $175k for a 13.5x21 corner block.

Edit land only. I have a quote for a 3/2/2 on it $162700

 

Wooo, that looks to be a decent price. I love corner blocks.

 

Hi @New2prop ,

No, I invested for long term. I think I just hit the booming market on my journey of investment and got lucky. Then I got a bit greedy and booked two more lots banking on gains. I got more lucky.

I also think that people on this forum give the right advice. But who to trust and due diligence is the key.

As cactus mentioned, I feel if you keep the price point low, there is still some gain to be achieved in next 6-12 months. I am not an expert though. Everything is based on speculation.


Regards

 

I put down 7k on a 140k 291sq block in Armstrongs Creek in Feb. Put down 2k on a 180k 3/2/2 as well.

The land was supposed to title in November. A lady rang me last week to say she had bad news, the block wont title until after Christmas now. I was like, yeah, what's the bad news?? They probably won't start building in December, and if they do they'll stop for at least a month anyway.

And with similar houses a year or two old starting to come on the market selling for about 400k, I'm making CG on a property I haven't paid for yet.

 

Very informative thread. First time poster and relative newbie here, had a couple of questions.

What are your general thoughts on Brisbane H+L today given Brisbane seems to be in a growth phase? Same applies?

Melbourne prices seem to be unreasonable at the moment, which major city do you think at the moment is best for H+L?

 

Potential exists in Brisbane but a bit too early to tell if population growth pressures are there.

 

Thanks for the input, that's interesting. Population growth pressures are highest in Melbourne and Sydney but then the prices are also unreasonable. Is it reasonable to be buying in estates in Melbourne at the moment?
Have been looking in the Rockbank, Thornhill Park and Melton areas but it seems to be alot more expensive than than 6-9 months ago. Is it ideal just not to go for H+L anywhere at the moment?
The higher and higher prices is what is making me think of Brisbane and Perth.

 

Land and house packages in Perth will be suicide at the moment as there is an oversupply, and numbers just wont stack up. There may be an exception but then we are talking higher end, built up areas, high land cost.

 

@ASB, as far as South East Queensland (Brisbane and Surrounds): We've had a number of clients do well on H&L in Logan and the Northern Gold Coast area. The trick for them has been buying well (cheap land, good build price, smart house specification and design) and lucking out on the right areas. I've also seen plenty of people who bought H&L about ten years ago and not seen appreciable capital growth.