Category: Investment

September 17, 2019Investment

Do you know enough about your block of land?

Buying a new block of land can come with many hidden and unaccounted costs, two of the most common examples being soil tests and contour surveys. LandGipps sales manager Brad Creighton explains.  “Soil tests need to be done to assess the soil’s reactivity to moisture changes and its stability.  Essentially, your builder needs to know that the soil will be able to support the weight of your new home and that it is not at undue risk of ground movement should the moisture level change.”  A soil test will cost up to $1,000.  “Having a soil test completed means that your builder can provide you with fixed price site costs prior to purchasing so there are no nasty surprises,” said […]

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September 30, 2018Investment

What’s the minimum deposit required to buy a block of land?

Buying your own land with LandGipps is more accessible than you may have thought. With a deposit from as low as $10,000 you can own your very own piece of Gippsland within a quality development. Brad Creighton, sales manager for LandGipps explains.  “When you find the right block of land with LandGipps, you can hold it for $1000 and buy it with as little as a $10,000 deposit subject to finance approval.  Of course, the $1000 goes towards the deposit.” Brad explains that Landgipps takes a simpler approach than many other developers and sales agents. “Rather than a 10% deposit, an allotment purchased with Landgipps can be held with a $1000 refundable deposit. On signing of a contract, the balance […]

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August 1, 2018Development

8 Advantages of Building a New Home

It’s brand new and you’re the first person to enjoy it Create the very first memories in your brand new home.  Soak in the bath that has never been used, walk in bare feet on carpet that has never been stepped on.   Customisation Choose the perfect block of land and the perfect home for you.  Create a floor plan that suits you.  Personalise your home with your own colors, finishes and features.  You don’t need to compromise with a house that was built for someone else.   Going Green Look after the environment and save on your energy bills.  A new house gives you the opportunity to install the latest energy efficient appliances.   Protect Your Family No hazardous materials, such as […]

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May 19, 2016Development

Beat the Market to Regional Victoria

Following the recent release of the 2016/2017 Victorian budget, Opposition Leader Matthew Guy said that the most important thing the government can do to address the housing affordability crisis is develop a comprehensive population strategy. “We need to grow our regions, not throw everything at Melbourne,” Guy was reported as saying in ABC News.  “Melbourne is going to be unliveable — a great heaving mass of 8 million people.” LandGipps Finance Manager Shayne Blackwood says that what Guy suggests as a solution is already happening. “There’s an organically growing number of people living in regional areas such as Ballarat, Geelong and Warragul who are commuting to Melbourne for work,” says Blackwood.  “There’s also a growing number of people moving to these […]

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March 20, 2016Investment

Gippsland benefiting from rising capital city property costs

Latrobe City and Baw Baw are experiencing strong price growth on the back of buyers being priced out of the expensive capital city markets. New research from CoreLogic RP Data has revealed a lift in transaction levels and median values in some of Gippsland’s towns along the M1. With good access to employment up and down the inner and outer south east corridor, people are increasingly seeing the value in moving out further, finding more pace, a better and more affordable lifestyle. LandGipps Director David Sowerby said, “We are now finding that traditional growth corridor towns such as Pakenham, Cranbourne, Berwick and Narre Warren are pushing over the $600,000 mark for an average 4 bed house land package on an allotment over […]

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March 12, 2016Investment

Rental Yields Higher in Gippsland

Gippsland is proving to be a better investment than Metro Melbourne for property investors seeking rental yields. New REIV data shows the gross rental yield for a 2 bedroom house in regional Victoria was 5.2% in the December quarter which is significantly higher than the 2.9% recorded In metropolitan Melbourne. Three bedroom homes in Morwell delivered regional Victoria’s highest yield of 7.8%. Other Gippsland town also showed better yields than Metro including Churchill 7.2%, Drouin 5.3% and Warragul 4.8%. LandGipps has opportunities in each of these towns and can help you better research your property investment. For more information on yields, visit the REIV website

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