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Which is the better property investment; a new or existing home?

Buying old
  • Older properties are sometimes cheaper than new ones, depending on the location and condition of the property.
  • Older homes offer charming period features and, often, higher ceilings, quality timber floors and unique architectural features.
  • Older properties may need renovation of major systems such as heating/cooling, wiring, plumbing, roofing, but they can offer significantly more margin for renovation and profit.

Buying new
  • New homes are designed to suit today’s fashions and lifestyles. They’re more likely to appeal to a wider market of tenants if well located.
  • New properties may be entitle you to claim depreciation, giving you extra tax benefits.
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