There are quite a few advantages to purchasing a new property as an investment.
The Pros:
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No repairs or renovations needed
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Appealing to tenants so you can charge higher rent
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You can claim depreciation, particularly in the first few years of ownership
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If you live in the property for a little while, some states offer generous government concessions for new-home buyers.
The Cons:
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Purchasing off the plan has its risks – you don’t know exactly what you’ll end up with.
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Can be more expensive than older properties
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No rent history, so it’s difficult to estimate rental income
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Sometimes located in new fringe suburbs, adding to potential commuting times.
I’ve got access to the latest facts and figures to help with your research. If you’d like to chat about your options, call me.
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