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Steve

Steve

Should we buy an old house or new house from investment perspective?

7Mo ago 3 Replies 353 Views
Hi

Just starting out our investing venture. We are after positive gearing as that is what suits us at the moment? Just after advice about what people's experience about buying a older house which no longer can claim depreciation or is it better to spend that extra $80,000 to buy a newer house and claim depreciation. We are looking at long term investing. Thanks in advance for any advice.

Regards
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Peter Crompton Peter Crompton
1Mo ago
If you are after positive gearing then you would find that most often you would have to consider other factors in addition to New/Old Build such as Location, Price Bracket and Vacancy/Rental demand. 

If you are thinking positive gearing - you could still find a new house with positive gearing. And once you are in a property - new or old - the maintenance side of the equation would still be variable (some new builds could fail and may not be covered under warranty). You will have to work out your numbers and see what would fit your criteria. 

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Simon Simon
7Mo ago
Mate my biggest mistake was investing with a focus on negative gearing. It put me many years behind . You just don’t get the returns you need on a new build to keep building your portfolio. You can also buy a house that has recently been renovated and claim that as a depreciation.
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Anuj Anuj
7Mo ago
You could spend $50 extra on maintenance per week in an older property. Which can turn positive into a negative
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