Why Buy New?
Brand new properties have many advantages over older properties. Tax deductions for depreciation of the building as well as fixtures and fittings can put thousands of dollars back into your pocket. There’s also the builder’s guarantee, top rental returns and the added bonus of a new property to attract quality tenants.
If you decide to buy off the plan and on-sell at settlement, there’s also the very real possibility of a capital gain on the entire price while you’ve only put down a 10% deposit. This strategy is higher risk but is a major incentive for many investors and must be done with careful timing and full understanding of what’s involved.
Professional assistance is essential to ensure you’re using the right strategy and you get the most from your property investment. Contact Investment Property HQ and we’d be only too happy to assist.