New Property Investmentin South Australia

Many people think that owning an investment property will cost them thousands of dollars upfront and hundreds of dollars per week. That’s not the case. In fact most of our clients have been surprised to find out that they could buy a property with no deposit at all by accessing the equity in their existing home as the deposit and for as little as $60.00 per week.

It seems many people believe that buying an old established property will be quicker and easier than building a new property. This might be because of the belief that they can charge rent right away. However, for a start, the stamp duty on an established property will be substantially more expensive than the stamp duty on building a new home. Also you will find that if you buy a property that was built prior to 1985 you won’t qualify for any building depreciation and as we know, older properties may also require a lot of maintenance and repair work.

Process of Building a Brand New Property

With a brand new investment property, the new property is built from the ground up and rent is received from the tenant. There are substantial tax deductions which reduce the owners contribution to the investment and the overall out of pocket costs.

BRAND NEW PROPERTY

With an established property, the most traditional way to invest, the property is purchased and rent is obtained from the tenant with the owner contributing the rest. There are little to no tax deductions.

ESTABLISHED PROPERTY

Property Asset Planning

687 South RoadBlack Forest, SA 5035Ph: (08) 8338 7206info@propertyassetplanning.comwww.propertyassetplanning.com

Get in Touch

Facebook.com/PropertyAssetPlanningTwitter.com/propertyassetLinkedin.com/company/2051001