Thanks Matthew F & WisePearl

How can you ignore depreciation benefits? it will add 000’s per year to the cash flow compared to an old 1960’s house.
I accept that there is risk of government tax change, but that applies broadly to all sectors of the economy.
I understand your point about not buying for tax reasons only, but given a choice between…[Read more]

Thanks DCWWOOD. I have done the numbers though and with depreciation benefit a new unit works out better than a older house. In fact new units are renting for more in this area than older houses because of demand for this type of property. Most of the dwelling stock in the area is traditional housing, so units are less common (maybe that why they…[Read more]

Thank you for taking time to give me your insight.

I agree the outward appearance is one thing putting me off, but the build quality is actually very good (my non professional opinion). Small detail like Blanco appliances and quality door furnishings etc, which will hopefully attract the right tenant and good depreciation.

Aside from all that I…[Read more]