Hi Guys, Wanting to get your thoughts on the abundance of land coming up in North Kellyville? Thinking of getting one for PPOR, but not sure if prices will go down or whether to look at securing one. Lot 04 NEYLAND CCT Kellyville NSW 2155 - Residential Land for Sale #202077606 - realestate.com.au
Be wary of oversupply. With market softening, if there is oversupply, need to keep in mind any valuation issues down the track (also depending on your loan to value ratio - assuming you will have some borrowing) Too often people register land, but need to plan forward. Make sure you plan ahead and work out your borrowing capacity etc, taking into account the deposit / equity you have available.
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