If
you are looking for a safe investment that also offers good returns, you would
be hard pushed to find a better investment than buying a vacant plot of land.
Land is obviously a limited asset, and with an ever-growing demand for land,
the price can only go up over time, and with that in mind, here are some of the
benefits you can enjoy if you invest in a vacant plot of land.
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Huge Return On Investment – If, for example,
you buy a plot of land, and hang onto it for 5-10 years, the land value would
increase considerably. As an area develops, land prices rise, and what might
have been an empty piece of real estate when you bought it, could be in a prime
location a decade later. Buying land is not for the investor who is looking for
a quick return on their investment, but if you are in a position to sit on the
asset for a good few years, your ROI will be significant.
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Affordable Investment – Obviously, a plot
of land with no building will be much cheaper than if it had a structure built
on it, and for many investors, this is much more affordable than a plot of land
with a house.
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Duty Concessions – When you buy a vacant plot of
land, you might not have to pay stamp duty, and you can check with this stamp
duty Queensland calculator that will help you to discover whether or not you have to
pay stamp duty on the purchase. There is a first home vacant land concession,
and by talking to an experienced conveyancing law firm, you can quickly
discover whether or not you qualify. You can also check the government website for
any explanation on stamp duty concessions on vacant plots of land, which might
prove helpful.
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If you can afford the initial purchase price and are looking
for a long-term investment, a vacant plot of land is a very attractive
investment prospect that could pay very big dividends.
