New or established home
- Thread starter Dominican
- Start date
New is generally more expensive - but there's more to depreciate.
Older is generally cheaper - usually less depreciation.
There's not much scope for value add/development/extension with new properties - there is with old.
I've personally never purchased new and don't intend on doing so anytime soon.
I could see the attraction in doing so if I were a first home buyer and there were significant concessions available which enable me to get into the market.
Cheers
Jamie
Older is generally cheaper - usually less depreciation.
There's not much scope for value add/development/extension with new properties - there is with old.
I've personally never purchased new and don't intend on doing so anytime soon.
I could see the attraction in doing so if I were a first home buyer and there were significant concessions available which enable me to get into the market.
Cheers
Jamie
The 2 times we bought new we subequently regretted.
- Paid more (coz it was new and shiny)
- Had to fix more (many under warrantly but couldn't have tenants until done)
- Paid further for setting up phone connections, and things that were'nt included (eg blinds, curtains, door stops, light fittings)
The Y-man
- Paid more (coz it was new and shiny)
- Had to fix more (many under warrantly but couldn't have tenants until done)
- Paid further for setting up phone connections, and things that were'nt included (eg blinds, curtains, door stops, light fittings)
The Y-man
Hi
Hi,
Well done on looking at buying your first IP.
Rather then worry about new vs old, maybe see what properties will fit your investment goal.
Are you looking at a hold property, A property to develop or even renovate?
Once you provide me with some scope, I am more than happy to provide you with an opinion that suits your goal.
Hi,
Well done on looking at buying your first IP.
Rather then worry about new vs old, maybe see what properties will fit your investment goal.
Are you looking at a hold property, A property to develop or even renovate?
Once you provide me with some scope, I am more than happy to provide you with an opinion that suits your goal.
Hi Dom
My opinions in a past article on this very subject attached FYI. There is no right or wrong response to this, as it will very much depend on your situation, risk profile and budget etc however you may find it helpful. Happy hunting!
Thank you Jacque, Excellent article.
Hi 
If you are looking at developing and renting out stay away from new homes.
Try to look and budget for an area where you have a decent sized parcel of land.
Have a look at a project that we are working on in Melbourne.
http://www.realestate.com.au/property-house-vic-keilor+east-117275391
Once we have the slab down in two weeks time Il post some pictures up
If you are looking at developing and renting out stay away from new homes.
Try to look and budget for an area where you have a decent sized parcel of land.
Have a look at a project that we are working on in Melbourne.
http://www.realestate.com.au/property-house-vic-keilor+east-117275391
Once we have the slab down in two weeks time Il post some pictures up
