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We are tossing up whether to buy a block of land at the Quay Estate in Torquay for $205 000. If we buy it before the end of November our stamp duty will be rebated… We would hold onto the block of land for the long term and may build on it with the purpose of one day living there.
Our other option is to look for a house around the same value in Ballarat and or somewher similar and rent it out.We don't pay much rent as I am in the defence force. But we also don't want to end up with a ridiculous loan or miss out on getting into the market before everthing gets too expensive.Any suggestions would be appreciated.
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