Coombs Ballot

Yes, you do have a good chance. Many people pull out of these ballots closer to the time or simply do not show up on the day. I have been to many ballots where people will have their number called go up have a look what is left and walk away with nothing.

Ring the LDA and ask if you can change your application to land rent. Why should you fork out at least $30k of your hard earned cash for a deposit on a block of land when it won’t be ready for 2 years?

If you are able to change to land rent you do not pay anything (unless you have another block on hold with land rent, then you pay $1000). Closer to the time you can then advise the LDA that you are in a position to buy the block outright and change your contract.

It’s to early on a Sunday morning to work out the interest payable on 30-45k over two years but I’m sure it’s a lot.

Also local builders will get a lot of these available blocks on the land rent scheme and then advertise for sale. You can always go down that path if you miss out.

Good luck with the ballot.