Tag: deposit

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 […]

Continue reading

June 6, 2018First Home

Jargon Busting Terms All First Home Buyers Should Know

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 […]

Continue reading

Where We Are

Interested in buying land? Let’s chat. Call 1300 545 263

Filter Results