HOW TO BUY - OVER THE COUNTER
From time to time the LDA offers land available for sale over the counter. This usually occurs is when land has been offered for sale via a sales event such as a ballot or auction and various blocks have been unsold or returned to the market at a later date.
How does an Over the Counter sale work?
Land available for sale over the counter is advertised on the LDA website and sold either directly through the LDA or through one of the LDA’s exclusive selling agents.
When blocks are available for sale through the LDA relevant contact details will be provided for you to make an appointment to purchase a block.
Once you have selected a block, you will sign a First Grant Contract to hold the block prior to your appointment to sign a contract. At this contract signing appointment you be required to select either a Land Rent contract (if available for the block you have chosen) or Standard Contract at time of selection. A sample copy of the contract terms will be available online.
A payment may be required depending on varying circumstances as set out below:
- If a Standard lease is selected, you must pay a 10% deposit at your block selection appointment.
- If a Land Rent lease is selected, you must pay a $2,000 security payment - eligibility requirements apply.
These payments can be made by cheque, cash or credit. Once paid, you will be given a receipt of purchase.
For more information
For more information regarding the sales process at the Land Development Agency please contact the Sales Team on 1800 777 952 or [email protected]
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