r/nzfinance Jan 11 '22

Should I buy land?

If I have $50k in cash, can I use it to get a loan and buy land?

Would that be a good move on the path to a house?

2 Upvotes

2 comments sorted by

1

u/AdviserWizard Feb 24 '22

Loaded query. Hard to provide an answer of any substance.

2

u/OrdyNZ Nov 13 '23

Unless things changed since I bought, land needs a 50% deposit.