House and Land Packages are the best way to reduce the initial cost of investing in residential property investment.

The savings are initially made by reducing the Government Stamp Duty.

 

Stamp Duty will be paid on the purchase of the property. If you purchase the land, which is normally about half of the total price, you will cut this duty by about half. The building costs are not included in the stamp duty calculations.

 

You also save by purchasing a brand new building, which means that  there will be minimal maintenance and upkeep costs, and it will keep its value for longer.

 

The age of a property has considerable imact on the resale value, so a new building is obviously at the top of this chart.

 

A new build is guaranteed by the builder to be free of defects, which can not be said for a second hand property.