G’day fellow rioters.
In an appeal the the hivemind, I’m after experiences and views on the Land Rent scheme. My wife and I are looking at buying in the near future and we’re trying to get a grasp on our options. Ideally, we would like an existing property, but given that some house/land packages and land rent options in places like Bonner are cheaper than most decent existing properties we may go down that track.
Land Rent appears to be a cheaper short term option (appealing when on a tightish budget) but incurs an longer term cost if we than purchase the land later.
So fellow rioters, has anyone opted for land rent and wants to share their experience, or has anyone looked at it and opted out because of hidden nasties?