UPCOMINGAUSTRALIAN PROPERTY PANEL
The reality is however, as a true investor, you need to separate the emotion and make a business decision on what will provide the best return. I’ve spoken with plenty of investors who chose the older flat as their first investment, and found that this type of property comes with its own separate stresses. Increased maintenance, little or no depreciation, poorer quality tenants to name just a few.
By constructing a brand new property as your first investment, you will maximise the depreciation of the property and therefore maximise the tax effective nature of the investment. New properties will also deliver little to no maintenance and if there is a maintenance issue, its often covered by the builder’s or product warranty. Building new makes sense. It’s a better business decision.
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Posted by Andrew Jackson on 17 January, 2017 1:36 pm