In this insightful segment of the YouTube video “The Benefit of House and Land Packages” by Investment Rise, the speaker delves into the potential cost savings associated with opting for a house and land package rather than purchasing a completed property.
The speaker highlights the initial financial advantage of settling only on the land, which leads to substantial savings in stamp duty, averaging around $12,000. During the subsequent construction period of approximately six months, buyers pay interest solely on the land, further contributing to overall cost efficiency.
To maximize savings, the speaker underscores the importance of selecting a full turnkey house and land package, where the house is fully built and ready for immediate occupancy. Despite potential rent loss during the construction period, the speaker advises viewers to focus on net rent and conduct thorough due diligence to assess the property’s cash flow position.
Ultimately, the speaker asserts that house and land packages offer significant upfront savings through lower prices and reduced stamp duty, making them a strategic investment choice for individuals seeking to maximize their equity or savings. This information provides valuable insights for those considering real estate investments and emphasizes the financial advantages of this particular approach.