Remarkable Price Hikes of Land For Sale in Brisbane’s Blue-Chip Suburbs

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Real estate specialists have noticed no respite in the steady increase in prices of land sales in Brisbane, Queensland over recent months and years – in fact, quite the opposite in some suburbs of the Queensland city.

According to recent research, the median land price within the Brisbane local government area rose by 9 percent to almost AUS $410,000 in the first quarter of this year, compared to 2016 prices. Based on an average block sale size of 446 square metres (itself slightly smaller, as space is at an increasing premium), the average price per square metre is currently around $919 (winter 2017). Read more on this Article: http://bit.ly/2uVEZuQ

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Potential Buyers Should Learn About Tax Liabilities on Land for Sale

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Brisbane offers plenty of opportunities for a prospective land buyer. The population in Queensland maintains a steady upward trajectory, which means potential money making ventures for a property owner. This metropolitan city offers many good reasons to invest whether you’re in the market for commercial land for sale or some lots that you hope to build a few rentals on.

Before signing the ownership papers, however, there is one element that every buyer must factor in – land ownership taxes. At what point exactly are you expected to pay yearly taxes?

Liability of Land Tax

Australia calculates liability of tax based on the taxable value of a freehold land at midnight on the 30th of June. The amount of tax that applies in your case will depend on the kind of landowner you are. Read more from this blog. http://bit.ly/2ud3MfP

Properly Determining the Monetary Value of Land for Sale in Brisbane

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Determining the value of land can be quite a hassle. The decision needs a lot of considerations, which are based on several factors. Furthermore, the prices of land sales in areas like Brisbane are mostly ascertained by isolation as opposed to comparison.

Here are key factors that you can use to determine the value of land for sale.

Location

This is one of the most important factors that determine the value of any piece of land for sale in Brisbane. You have to check if the property is near any important landmark. Also, the closer the land is to a populated area, the higher the price is expected to be. A huge number of property investors opt to buy land in well-populated locations even if units in less dense areas are often better. Read more on this article: http://bit.ly/2tHisUX

Important Considerations When Investing In Land for Sale in Brisbane

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Whether you are looking to buy a land for building a new home or a business, there are factors you need to consider to make sure you will pick one that meets all of your needs. Land is not one of those investments that quickly depreciate with time, so deciding to invest in it will not disappoint you.

Price Considerations

Most people shop for land with a limited budget and tend to make their selection based on price. When it comes to buying land for settlement or investment, however, price should be the least of your concerns. To avoid buying a cheap piece of land that is hard to develop or one in an area that is hardly known, there is a need to have a deep understanding of the growth potential of the target place. Otherwise, you will end up waiting for decades for that particular area to grow so that you can resell it at a higher value or start building your home. Read more on this article: http://bit.ly/2veGgj1

Elements Influencing Land Sales and the Suitability of Land Location

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Brisbane is one of Australia’s hottest property markets with numerous opportunities for developers, builders, and potential homeowners. The available lands for potential buyers cater to a myriad of budgetary needs, however, cost is not the only element that should drive your choice of land. Location is just as important but don’t focus only on the basics such as accessibility. Buying land is slightly different from a completed home, therefore some of the location factors vary. So, how can you tell which of the lands for sale are ideal for your needs?

 

Local Market Demand

This element applies to land meant for commercial development or rental buildings. Before buying raw land to put up your 10-story office building, conduct research on the market demands of that particular location. What type of tenants usually rent in that area? How much do they typically pay in rent? Who is likely to live in such areas? For instance, if the land for sale is close to the CBD, then you can be confident that building an office park or shopping centre is a lucrative venture. If you are constructing residential homes in a suburb, then expect to deal with the middle-class population. Read more from this blog: http://bit.ly/2oFjhax

Residential Land for Sale in Brisbane: 3 Tips to Know Before Buying

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For many people, home ownership is a key financial goal in their lives. With a strong real estate market, Brisbane is a great place to finally own your very first home. However, if you are not interested in any of the available existing homes for sale, you may want to look into the possibility of purchasing land and have a custom home built instead.

When surveying land for sale, know that you’ll need to take a few extra steps as compared to purchasing an existing home. Read more from this article: http://bit.ly/2nqdA3u

Not Just Location: Factors that can Affect the Value of Land for Sale

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Everyone knows that location is the primary factor that determines land value. However, there are also many other things that affect how much a piece of land is worth. Below are just a couple of considerations to keep in mind if you intend to purchase land for sale in Brisbane.

Physical Features

Is the plot of land on a mountainside? While this area may be harder to develop, it can make for a desirable vacation home community because of the stunning views it can offer. As such, the physical features of the land can play a huge role in how valuable it can be.

Anyone can buy a flat piece of land, but very few plots of land have unique features such as a mountainside view, and this can determine both the buying price and expected return on investment. Read more from this blog: http://bit.ly/2laH1lF