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From: Ten of Diamonds
Hi All,
Qu 1. Apart from land costs, would I be correct in saying that to build a two bedroom house in say Albert Park (Melb) would have roughly the same construction costs as to build the same house in say Oakleigh?
Qu 2. If this is so, then will the depreciation schedule for building and fittings be very similar for both houses, even though there would be possibly $300,000 difference in purchase cost (just guessing on figures here)?
Qu 3. As far as I can see, buying new properties has a massive advantage over buying older properties because of the huge write offs for depreciation. Am I missing something here? Why doesn't everyone buy new properties?
Look forward to your wisdoms...
Ten of Diamonds
Hi All,
Qu 1. Apart from land costs, would I be correct in saying that to build a two bedroom house in say Albert Park (Melb) would have roughly the same construction costs as to build the same house in say Oakleigh?
Qu 2. If this is so, then will the depreciation schedule for building and fittings be very similar for both houses, even though there would be possibly $300,000 difference in purchase cost (just guessing on figures here)?
Qu 3. As far as I can see, buying new properties has a massive advantage over buying older properties because of the huge write offs for depreciation. Am I missing something here? Why doesn't everyone buy new properties?
Look forward to your wisdoms...
Ten of Diamonds
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