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Buying land & having a house built


Guest nj

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Hi,

 

is anyone or has anyone gone down this route of buying land and having a house built? Any pitfalls?

 

A friend of mine is buying land in QLD and picking a house from a catalogue (don't think it was Argos). He reckons its alot cheaper. 3 acre plot and massive house all for about $250k, he is capable of building it himself tho.

 

Do you have to pay Conveyance Stamp Duty on the house you have built? (particulary in SA)

 

What about these new developments where the area is still a building site, anyone had one of them? Any pitfalls?

 

Cheers,

Neil

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