Not only are interest rates so low, but builders are offering Promotional incentives to entice people to build.
*Stamp duty is only paid on the land value not the whole package amount
*More items are claimable with Depreciation on new properties compared to older properties
Many do worry about the costs during the build and although building may take 10 -12 months from start to handover, if the loan is combined as one ie House and Land together, most banks offer interest only loans during construction ...and this interest , along with other service charges are claimable for Tax purposes.
With genuinely fixed priced House and Land Packages starting at $429,000 , renting around $420 per week. Investing in a real estate this way is an attractive alternative.
**Please note the above is for general information only please speak to your Accountant for more detailed information.