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Buying land and then mortgage build ??


CNC FABS

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Just looking to see if there are any hidden issues with my current thinking.

Looking at an option to buy a block of land in Vic with current funds. Then

when time allows for plans etc (some months), to get a house build later.

Would need to finance the build. Will this be an issue, as we bought

the land outright before. ?? not the normal path ??

Land cost $500, estimate build cost (4 bed, 2 bath, split level) $350.

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It shouldn't be an issue, although it might be worth using a broker to help. We bought a block of land and then found a builder to build a house, although we did have a small mortgage on the land. If you are moving to SA I can recommend a great broker.

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