Why you shouldn’t invest in shiny new houses or apartments – Part 5

Finally, where is the wriggle room?

When you buy a brand new property, your room to negotiate prices is strictly regulated by a set-price list.

When you are buying an established property, on the other hand, you are working in the realm of emotions and imperfections – a market that is ever-changing – and with vendors whose motivations for selling are varied, to say the least.

In the current market, it is still possible to buy established properties below "intrinsic” value and in fact, we are often finding apartments for up to 20 percent below replacement cost.

This is why, in my view, buying an established property is the way to go.

I believe most investors will find the best success buying an existing property with ‘character’ and renovating it to add value, resulting in a higher-yielding, tax-efficient investment.

Now is the time to take advantage of the opportunities the current property markets are offering.

RealRenta has all the tools that a property manager has, but at over ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Thursday, 17 June 2021

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)