Why Buy A New Property?

Thought you might be interested in an article Why Buy A New Property? and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.

Whether to buy an established property or a brand new one is a decision investors have to make each time they purchase — so what do you need to know before you buy?

Why buy a new property?

Buying a brand new or relatively new property is often the more appealing option, as it usually means less initial repairs and maintenance. Depending on the area in which the property is located, prospective tenants are often attracted to more modern homes. This is particularly the case in blue-chip and coastal suburbs.

How do depreciation and tax benefits differ for new and old properties?

A property will inevitably depreciate in value from wear and tear over time and, much like a car used for business purposes, the depreciation of an investment property can be claimed as a tax deduction – as an investment property is purchased for income-producing purposes.

Do you need more detail on this subject? Head on over to the full article www.whichinvestmentproperty.com.au/top-tips/14121-why-buy-a-new-property for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0295) 686 266.

Thanks,

Alex