How much does land cost in Australia?

Question

I know it is possible to buy houses in Australia on loan but they are very expensive like $400,000+. Is it cheaper or even possible to buy land and make a house yourself kind of like tiny houses?

Answer 1

Around here a house on a block of land, about a kilometre from centres of employment, fairly close to schools and shopping costs at least AU $600,000, which is about US $460,000. But it's usually higher, up to AU $750,000. Buyers want the land, not the house, and houses here, which are close to 50 years old are typically demolished and new, larger ones built on the same site.



A new house just across the street sold not quite two years ago for just under a million, which is about US $760,000.



In another city, house and land typically cost AU $1,183,000 or US $1,556,580.



Things are different in other places, depending on what the local employment situation is. House and land might be as low as AU $115,000 or US $87,400.

Answer 2

I was looking into a few years back, and the price of land is not like here in Canada and the USA. As for building, you can not put on a carpenters belt and start building a home. Australia, specially in places like Sydney and Melbourne, I found had very strict building codes.

Answer 3

The price of land in Australia is directly proportional to the distance from employment opportunities. If you don't mind a round trip of 1000+ klms to work every day there are some real bargains.

Answer 4

Many people buy a block of land and either hire a company to build the house they have planned, or build their own house. But your plans and building must meet State and Local Council building regulations. So investing in a block of land you must find out what the regulations are for the type of house you want to build.

Answer 5

You mention a loan. Housing loans are much harder to get here than in the US. For one thing, you must demonstrate an ability to repay the loan. And put up a substantial deposit.

Answer 6

The closer to the coastline the more expensive it is.

Answer 7

Let's just say that the entire Imperial Palace of Japan in Tokyo is worth more than ALL of Australia. Australia's ******* CHEAP.

Answer 8

depends where youy buy