Buying a block of land is back!

The number of loans written to buy a block of land hit a record high in September as families building their own home on a vacant block return with force to official figures.

Supply is still striving to keep up with demand, and while an increase has been seen in property downsizing and townhouse living, home building continues to run at record highs.

Meanwhile, lending for renovations and alterations also caught the eye of building sector analysts as it lifted.

High transaction costs, particularly stamp duty, are now encouraging homeowners to stay put and re-work what they have, rather than move house.

So, whether you're buying a block of land or just looking to re-finance, contact Mortgage Choice Lismore today on (02) 6684 7096.

Information sampled from www.domain.com.au.

Posted in: Upgraders / movers

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