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 […]

Agreement This is the written contract for the sale and purchase of the property between the vendor (seller) and the purchaser (buyer). Deposit Part of the price (usually 10%) paid by the buyer when the agreement is signed or on confirmation. Equity This is the amount of the property that the purchaser actually owns – rather than owes. Freehold This form of title means that you own the land and the buildings on the property, with few restrictions. Mortgage A mortgage is a type of loan. Mortgages are used to make large real estate purchases without paying the entire value of the home and land up front. Over a period of many years you repay the loan, plus interest, until you eventually own […]

Meet Steph, LandGipps’ First Homes Blogger. An energetic and bubbly 23-year-old, most people wouldn’t consider her a first home buyer – but there’s no such thing as too young to learn about how the property market works in making an informed first home decision.