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I think the only scenario where older houses are more desirable is in an blue chip suburb full of character houses - Camp Hill, Bulimba, Ashgrove, etc. And even then, the only time an old home will outpace a modern one is if it's a beautifully renovated, modernised one (i.e. when it's had $300k...

Keep in mind old houses require a lot more maintenance (money) than new - and you won't always know what costs you're up for until you start doing the work. And these costs more often than not don't add value. Factor this in and the cost difference between old & new is narrowed. Adding a few...