We know entering the property market can seem scary, but here are four reasons why buying brand new is a great way to grow your property portfolio fast!
In this video, our CEO and co-founder, Ali, explained the four reasons why buying brand new property is the way to go. We want you to grow your property portfolio fast, so let’s go over why buying brand new is best.
Cutting Down Your Costs
Let’s start with what all potential property investors want to hear, how to put money back into your pocket right from the start. When buying property, going brand new is an excellent way to save money that you can use for further investments.
This is because when you buy brand new, you will only pay stamp duty on the land portion. Another great benefit is receiving a builders rebate to help cover your construction fees and holding costs.
Lower the Taxes
Taxes are a massive hurdle when entering the property market, but purchasing brand new can will decrease your taxes by maximising depreciation. Better yet, it’s all legal.
Buyers Club knows how to make sure you’re buying a property that maximises depreciation, and we will guide you through the process to claim what you are eligible for.
No Warranty Worries
Having brand new property means less maintenance. It removes the risk of buying a place with faulty features and broken parts. Buying brand new property gives you a 12-month defect warranty and a 7-year structural warranty.
These guarantees will make maintenance a fraction of the cost of repairing an existing property.
Getting the attention of a large tenant market is vital to driving the rental demand for your property. Tenants will jump at the chance to live in a new, untouched space.
Also, buying new land allows you to make the home as large as possible on the block. Larger homes are much more appealing to tenants.
Hopefully, our four reasons to buy new has settled some of your fears about entering the property market.
We deal with people daily who have concerns about entering the property market. Every client we work with at Buyers Club is different, but we tailor a strategy to ensure they get the best deal.
Do you want to start your property journey?
BOOK A MEETING with us today or call us on 1300 505 605 to find out more.
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