Local property market update: Vacant land is a good investment right now – here’s why
Securing the perfect block of land is the first step towards building your forever home, and opportunities are coming up at Swanport Heights and Hindmarsh Estate.
This sponsored post is brought to you by Raine and Horne Murraylands.
If you’re looking for somewhere to build your forever home, or to invest in real estate, here’s your opportunity.
Vacant blocks are about to become available at two of Murray Bridge’s most desirable land developments.
Swanport Heights offers spacious, country-style allotments with appealing views of rolling green fields, close to the River Murray.
Meanwhile, at Hindmarsh Estate you’ll find the best of city and country in a convenient location, close to the heart of Murray Bridge and with easy access to the freeway for commuters.
Raine and Horne Murraylands’ Michael Cox said vacant land was a worthwhile investment for anyone looking to step up from their current home.
“These allotments might suit established families who might be selling a home they’ve had to build their dream home, couples late in their working lives, or retired farmers who still want a bit of space,” he said.
In most cases, he said, buyers did not have to build right away.
Securing a block of land might only be the first step in a long-term plan.
But with prices rising, it would be a good idea to take that first step sooner than later.
Some of the first allotments at Hindmarsh Estate went for less than $70,000, but those available more recently fetched as much as $149,000.
Vacant land could even be a viable real estate investment in its own right, he said – it was more affordable and easier to manage than a rental property.
What’s more, if your financial situation changed and you needed to sell the vacant block later on, you were likely to get a favourable return on your investment, sales consultant Casey DeMichele said.
“There’s not that many of these lifestyle blocks around,” she said.
“Stages one and two (at Swanport Heights) were very popular … and we’ve already got a few people who want to be notified about stage three.”
Things to keep in mind when buying vacant land
- What services are available and ready to use?
- Will you be required to build within a certain time frame?
- Will you have to build in a particular style, using particular colours, materials or plant species?
More information
The team at Raine and Horne Murraylands are here to help you with advice on any real estate matter.
Visit www.raineandhorne.com.au/murraylands, call 8532 3833 or drop into the office at 4 Seventh Street, Murray Bridge.
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