Advantages of building new
Building in new developments:
Building a new property in the latest design is attractive to purchasers and many new growth areas have solid rental demand as purchasers prefer to rent in the area they are building in, to secure local schools and engage in community activities.
As a property investor, you have total control over the investment.
New homes benefit from excellent tax deductable building depreciation allowances and a number of other costs associated with ownership of an investment property are tax deductable.
Turnkey products in new growth areas:
Turnkey investment properties eliminate delays and prevent budget blowouts because you don't need to fit it out yourself before finding a tenant. Most professional property investors now choose turnkey products as the most time and cost effective option.
The house is finished to a level where as soon as you have the key, its ready for renting (i.e. all floor coverings, window treatments, etc. are already fitted).