Investing In Land – some food for thought
This is not generally a suggested option about property investment in Australia but I wonder about it right now.
What are your thoughts about
investments in property at this time, with the intention of building on it when mortgage monies ease up.
The supply of land is very tight at the moment and with development companies holding back I cannot imagine that much will be opened up in the next 12 months.
This sets me to thinking if it would not be a good idea to purchase some reasonably valuable land if you can afford the mortgage repayment.
With the land release position and the lowest interest rates in many years, it could be a good option because as we know, prices go up because of the land value, not the value of the bricks and mortar.
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