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  1. Hi Liam, with respect to the purchase of a house and land package – can you please provide more insight into how settlement of the land AND house is to occur at the same time given that the land in reality needs to settle prior to the house (to allow title to pass from the developer to the new owner to then allow building of the house to occur). Further, is it enough to have one LRBA contract with the bank (while still having to sign a sale of land contract with the developer AND building contract with the builder) in order to be seen to acquire one single asset?


    • Jeanne, I am sorry but you cannot have a seperate contract for land and then one for building. The most common form I see is where the delveloper is also the building contractor and the deal is done as one consolidated contract. In other cases building firms buy or take options on the land and then offer a single contact to the buyer. Often the deposit is higher than 10% to ensure the builder is not committing to much of their capital. The LRBA is simply a loan agreement but the requirements of that loan will be that you are acquiring a single asset.

      Here is an example of one firm offering this type of contract http://smsfhouseandland.com.au (THIS IS NOT A RECOMMENDATION).



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