Should you buy a house or buy land and build a house from scratch as your first property?
In this episode, Nicola Keflianos, and her father John, a mortgage broker and property developer, delve into the intricacies of buying land and building a home.
They discuss the various government subsidies available for first-home buyers, particularly in South Australia.
John explains the process of purchasing land, selecting a builder, and the financial aspects of construction loans, including the advantages of fixed-price contracts to avoid unexpected costs.
They also touch on the potential for customisation, capital growth, and the benefits of owning a brand-new property.
Click on this episode now to learn useful insights that will help you decide whether or not you should buy land and build a house!
CHAPTERS: 00:00 - Introduction 00:48 - Benefits of Buying Land and Building in South Australia 01:08 - State-by-State Differences 01:35 - Initial Steps in the Buying Process 02:06 - Cost Comparison 04:35 - Depreciation Benefits for Investment Properties 07:34 - Finance Process for Land and House Packages 09:51 - Construction Delays and Timeframes 12:12 - Restrictions on Choosing Builders 13:02 - Comparison with Buying Apartments Off the Plan 14:18 - Conclusion
Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.
