All Topics / Help Needed! / Buy New or buy a dog and renovate?

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  • Profile photo of RC51RC51
    Member
    @rc51
    Join Date: 2009
    Post Count: 2
    July 23, 2009 - 6:08 am

    Hi there…

    Looking at properties in Sale (Vic) for investment purposes. I have guaranteed rental from associated business for 5 years.

    The question is wether to buy a older house and renovate or just completed/off the plan?

    The residence needs to be fairly high quality finish for the tenants (professionals)?

    Budget is in the high 200k's to low 300k's.

    Any help is greatly appreciated.

    O

    Profile photo of BluegrassBluegrass
    Participant
    @bluegrass
    Join Date: 2009
    Post Count: 73
    July 23, 2009 - 10:05 am

    RC51
    Buying new is going to get you a lot more tax depreciation.
    Your problem will be the price point for new.
    Bluegrass

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    July 23, 2009 - 10:31 am

    Bluegrass, will it? Most reno is non-structural/aesthetic hence has a quicker depreciation timeframe. Could always be money for jam.

Viewing 3 posts - 1 through 3 (of 3 total)

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