New or old in Melbourne/Sydney

W

WebBoard

Guest
From: Anonymous


New or old? That is the question. New properties, since the GST, seem to be more expensive now than similar existing properties. The supply and demand curve has also seemed to have changed. New building approvals are at an all time low. The doubling of the first home owners grant has increased demand. All these pressures increasing the price of the few new properties on the market. Also, do new units and townhouses appreciate at a lower rate than larger existing properties due to the lower land content? However, new properties have superior depreciation benefits, lower maintenance and may appeal more to the baby boomers and DINK's who growing in number and are after townhouses and units. So, what are everyone's thoughts? Are the advantages of buying new going to outweigh the additional costs for thes properties?

Peter
 
Last edited by a moderator:
Reply: 1
From: Helen Castelli


Ive read Jan Somers books -are there any other books that address this debate in any detail?
 
Last edited by a moderator:
Back
Top