Hey guys, I’m looking at buying my first property – likely going to live in it for 6-12 months and then move out and rent it after. I’m just not sure whether I should be looking at new apartments or existing?
Benefits of new apartments
*nicer to live in
*more features, newer, larger generally
*depreciation to help save on tax
*pay less stamp duty (I think?)
Benefits of older apartments
*usually cheaper
*rent isnt as lower so better rental return compared to loan repayments
*might be able to negotiate harder on an old apartment, renovate and make some sweat equity
What do you guys think?