You realise of course that it's cheaper to build than buy existing in terms f stamp duty as it's only calculated on the land value. It's a myth that it's more expensive to buy new compared with existing
How would you reply to this statement?
- Thread starter Hodge
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You realise of course that it's cheaper to build than buy existing in terms f stamp duty as it's only calculated on the land value. It's a myth that it's more expensive to buy new compared with existing
Stamp duty is only one consideration, and a minor one at that.
Especially in outer suburbs there are established homes that can be bought for less than replacement value. In many cases they are on larger blocks of land and nearer services than new houses.
A new houses is at its best the day you buy it, whereas an established but tired home can be made better.
You also know what the demographics by buying in an established area, rather than relying on guesswork and developer promises for new estates.
Saving (say) 3% of a property's value on stamp duty is a false economy unless all other aspects of the newer property (especially location amenity and $/m2 of land) make it superior value to the established property.
The other main benefit of new is building depreciation but this is only worthwhile if (a) you're not paying a premium for buying new, (b) capital growth prospects are equal to or better than established and (c) your rental yield is no worse than established.
That is one pretty nice shack
. I think I'd sell a kidney for that (but I suspect one kidney wouldn't be enough...)
That is one pretty nice shack
Surely you could get a spec builder to build one of these in Taylors Lake, stand out from the crowd
I used to get this when I first started with IPs. Take it as a badge of honour; he obviously doesn't know what your end plan is, and by trying to drag you down he's obviously trying to justify his own plans. Tell him to FO (in a joking way, or not if you don't really like him) and stick to your plan.
It sounds like your defending yourself. Great. Thats totally natural. What would telling him to F$ off politely do for you, or do for him?
Its natural to want to defend ourselves when we're right, and even if we're wrong.
Think about this for a minute. How about saying a sincere 'thank you'.
Its natural to want to defend ourselves when we're right, and even if we're wrong.
Think about this for a minute. How about saying a sincere 'thank you'.
