Is Investing in New Builds the Smartest Move for Property Investors in Melbourne?

Kelly Marks, a property management specialist from Melbourne talks about the pros and cons of investing in new builds versus established homes. Kelly highlights the appeal of new builds, including modern aesthetics, upgraded features, and energy efficiency, which attract tenants and reduce maintenance costs. However, she also points out challenges like infrastructure development and market competition. They discuss:Comparison of investing in new builds versus established homesAdvantages of new builds, including visual appeal and modern amenitiesDepreciation benefits associated with new buildsMaintenance savings and warranties for new propertiesChallenges related to infrastructure development in new areasMarket competition among new developmentsImportance of thorough research on location and future developmentsImpact of construction delays on investment financesConsiderations for long-term capital growth potentialKelly Marks - Melbourne