buying land as investment property, page-12

1) banks dont like lending on bare land
2)by the beach or subdividable is the way to go
3) interest is deductable when you sel the ppty (other exp not sure
you might be better to buy a acre with a sh8T house on as you can claim everything yearly and have a small income. bulldozer it later "before you sell".

Ive made some good money out of buying bare land at south west rocks , sold them and bought a couple of place across the road from the beach at port Macquarie,


Both with Sh8t houses on them ,as you always ruin a good block by putting a house on it, but I still get income and if the tennants trast the house 'care factor zero" as have insurance .

good luck