Vacant Land Purchases in Australia

As trusted conveyancing lawyers, Clive Mills & Associates provide legal services for purchases of vacant land in Sydney, New South Wales, Queensland, Western Australia and Victoria.

Purchasing Issues for Buyers

Buying vacant land in Australia may involve new freehold subdivisions, existing land titles, or government land releases. We provide detailed reports addressing purchases, including legal considerations and purchase evaluation information.

Considerations for Buyers

The current market value of land, which may vary considerably from council rates or other valuations
Zoning and title issues – land may be subject to zoning restrictions, easements, or other encumbrances on titles
Land tax values if applicable

Possible Problems

Potential decrease in market value of the property and related financial risks
Owner liability for management of noxious weeds, onsite buildings, industrial contamination or other statutory issues, particularly on rural or former industrial sites
Risk of possible financial issues related to purchase
Lack of proper documentation of building reports or other essential information
Possible title problems affecting rights of access

Finance Issues and Vacant Land Purchases

Finance for these purchases may involve evaluations by your bank or other lending institution.

Please note:

Lender valuations may be less, sometimes considerably less, than market valuations. If this is the case, you may have to source other funding as well as your loan.
When entering into a contract for the purchase of land, you must be able to manage financial obligations.
You may also be required to pay loan insurance.

Stamp Duty Considerations

Stamp duty is usually assessed on the contract price, not the valuation at the time completion occurs. We can assist with calculating your stamp duty payment.