Property investment is a serious business. This is why you need to consider all your options before purchasing a new build home. For first-time investors, whether you are young or looking to enjoy your retirement, it can be stressful. We can help you with that by doing all the thinking for you. Our easy to understand guide will set you on the right track.
Return on investment (ROI) is your long game. New builds are acquired quickly by tenants and usually for a higher rental return. They hold their value, and there are no ongoing maintenance issues.
Highly populated areas should be your number one target for new builds. High-density areas equate to higher housing demands for renters. Use this to your advantage when researching where to buy.
Investigate the suburbs that renters find most attractive. It is all about location. The younger generation wants easy access to transport, walking distance to eateries, parks, and no garden that they have to maintain. If your target investment is a family home, then you need to look at areas that can accommodate new builds with a back garden and ideally in close vicinity to schools.
There are many council requirements in the pre-planning stages of new builds. There are statewide laws and regulations that you have to abide by. Each council has a local planning scheme that clearly outlines planning permits and building regulations.
With new-builds, your initial outlay is more than the rent you will gain annually. This allows you to offset this loss against other income, such as wages, creating savings in tax. In short, this loss, along with depreciation of your property over time, puts money in your pocket.
Talk to our new build experts, we are here to answer any questions.