Brisbane is a melting pot of businesses and professionals from various industries. At the same time, it is quickly growing into a preferred residence of many families looking for stability. One of the things that attract movers from different states is the many lands available for investment within and around the city.
Investing in land for sale in Brisbane has a lot of benefits. If you’ve been thinking of buying property here for many years, the best time to realize your plan is now. The market is strong. Property value is increasing really fast as the city expands. And you get to own a piece of land that you can develop into an investment property down the road.
Buying land, however, is not an easy task. The slightest mistake could wash all the money you’ve worked so hard all your life to achieve down the drain. There are several critical factors that you need to consider.
What you see on the surface may not always be the same as what lies a few feet below. Most of the time, when it comes to soil, the good stuff is just skin-deep. Depending on your reason for buying the land, you may need to determine some of the soil’s key properties, including texture, consistency, and bulk density.
Especially if you are planning to develop it into a subdivision, you have to make sure that it is tough and dense enough to carry heavy loads. Have the soil tested by a qualified engineer and make sure it is classified according to the Australian Standard 2870. If you are using the land for agricultural purposes, you need to have it checked for farming suitability.
Slope and Elevation
Be sure to visit the property before making any promises to the seller. Be careful not to get easily swayed by flowery words about the land. If the price is too good to be true, chances are there’s a catch, and you need to find out what that is before you sign any documents. One of the most common reasons why some lands are way cheaper than others is that they are not as horizontally flat as the ads say. It only takes a minor inclination for all the surface runoff in the entire neighbourhood to pool into your property.
Sometimes, it’s not the inclination that makes the land a dreadful choice but its elevation. Make sure to choose a land that is above the level of the road. If it’s below that level, make sure that there’s a well-built drainage system separating the road from your land. This way you can prevent runoff.
It may seem a no-brainer but property buyers, whether the property in question is a residential lot or a farm, want their new neighbourhood to be safe and peaceful. You should at least go around and talk to your new neighbours to find out what they think of the place. You may even consider asking the authorities about it just to be absolutely sure.
After considering all the important factors, start looking for a real estate agent that specializes in lands for sale. An acreage, residential, and development land expert, such as Lion Land Marketing can help you find the best land for sale Brisbane has to offer.
10 Rock-Solid Reasons Why You Should Be Investing In Land, retipster.com
QUESTIONS TO ASK WHEN BUYING LAND, buildingadvisor.com