[nstg8a]

Wee went through this when we built our house six years ago.

We ended buying the land ourselves, not through a traditional developer but through an older gentleman that was sub dividing his own big block to fund his retirement.

We paid $170000 for 818sq metres, at that time blocks in “developments” were roughly $180-200000 for a 450 ish sq metre block in the same suburb.

We then tracked down an builder that didn’t have a bunch of plans to choose from, but rather one that would design us the home we wanted, that would suit our block.

And in roughly two months time it’s getting bulldozed to make room for a primary school.

Finance wise we had two mortgages, one for the land, one for the house. But the bank treated it like one debt.