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Jeremy Sheppard Blog post by Jeremy Sheppard

New vs Old – Renovation Guide 2016

YIP Magazine - New vs old investment property - JSWe’ve talked numerous times before on old or new properties and which one make for a better investment property but what if you are looking to renovate? First of all, how are they defined? Does a newly refurbished established properties considered old? Is it worth renovating an established property?

Jeremy Sheppard uncovers this in the May 2016 Issue of Your Investment Property Magazine. In this article, he wrote about the risk and rewards of renovating new vs old properties, the possibilities of a market change in between construction, what kind of repairs and maintenance you need to consider and more. Here’s a snippet of the article:

Supply is the enemy of capital growth. Supply comes from new developments. So effectively when you buy off the plan properties, you’re buying into a project that hurts capital growth potential for the suburb. When a project completes, there is a sudden glut in supply which dampens the growth rate. Time needs to pass for that extra supply to be absorbed before growth rates will return to normal – that’s assuming demand is constant.

Click on the image to start reading this article.

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