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Hi Richard, the title will be in my name not my son’s. I mentioned that in order to protect my interest, the property will be purchased in my name. Hope this clarifies. Thanks.
Thanks Benny for your advice. You are absolutely right. As a foreigner, I can only buy brand new homes. When you say units, are you referring to apartments? The reason why I go for houses is because I had the impression that a home with land usually appreciates better than apartments over time. Apartments appear to be a lot more expensive too. Not sure of the resale value either.
There’s this development at Huntington Rise with huge lots of land available. This is about 20 mins away from Southport. It is one of the new developments along the Gaven Arterial Road artery. According to one real estate agent, the land is very undulating and is either being benched by the developer and/or requires a lot of site preparation and retaining coupled with termite & pest problems. I am not sure how true this is though. I have only been to Gold Coast twice in my life – 1st trip was 20 years ago and 2nd trip was last Christmas. The only reason why I am looking at this place is to accommodate my son, fiancé and month old baby to have a home instead of spending A$1600 per month on rentals.
