Investors in home loans in Melbourne can tell you is that to this day the age old property debate that plagues most investors is whether to invest in new property that delivers instant high incentives for taxes or on old property that can be renovated. On a regular basis, the moment you decide to jump in and join the growing population of wise investors, this question will come up. To help make a decision as you ponder on real estate and and taking home loans in Melbourne, there are a few things to consider:

Warranty is Mandatory

New Australian home builders required to carry statutory warranty insurance for the home. In the event that a major defect occurs in the building, the buyer gets protection for several years.

Tenant Appeal is Ideal

Newer and high quality homes are what tenants look for. This is particularly true in coastal and city locations. Many times you will be able to find tenants before the completion of construction.

Depreciation Appreciation

When you become an owner of property investment, you become better able to claim property depreciation. You get a higher available depreciation level if the property you invest in is newer. There are high depreciation rates on appliances such as carpet coverings for the floor, air conditioners, heaters and dishwashers. Properties that have been newly renovated have the highest depreciation rates. Because of this, owners get great taxation benefits when they own new properties.

The Gold in Old

With all the advantages you get from buying brand new homes, you may wonder whether or not there is an advantage to buying older properties other than perhaps better prices. As a matter of fact, there may be a lot of appeal concealed in older homes that new homes are simply not able to offer. This includes brilliant floors made of hardwood that may be concealed beneath shaggy wall to wall rugs. Ask questions and try to look for hidden features when you are checking out old property as an investment.