Old Property VS New Property In Australia 2021 - What Is The Best Strategy To Build Wealth & Income?

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Australian Property Mastery with PK Gupta

Күн бұрын

Whether to buy an established property or a brand new one is a decision investors have to make each time they purchase - so what do you need to know before you buy?
In this video we cover 7 factors looking at an unemotional view of the best investment strategy to discuss the pro's and con's.
0:00 - Intro
1:11 - Growth in Brand New Property
6:42 - What is the Land to Asset ratio?
7:48 - Depreciation of New property.
0:36 - Truth about Tenants in Brand New Property.
14:00 - Maintenance on Brand New Property.
15:40 - Can you Add Value to New Property.
16:50 - Lazy People Buy Brand New Property.
19:33 - Conclusion
20:19 - Outro
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#PropertyInvestment #PassiveIncome #Australia #RealEstate

Пікірлер: 153

@AusPropertyMasteryWithPK 3 жыл бұрын

❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 consultingbypk.com.au/podcast/

@ARCat_house 3 жыл бұрын

Hey PK! Could you tell me the best suburbs in terms of growth and best suited for families in sydney .

@AusPropertyMasteryWithPK 3 жыл бұрын

@@ARCat_house yeah sure this is exactly what I help my clients with :)

@ARCat_house 3 жыл бұрын

Where can i contact you ? Need some help here please :)

@AusPropertyMasteryWithPK 3 жыл бұрын

@@ARCat_house for free advice join my fb group, for me personally it’s expensive, through my course consultingbypk.com.au

@melchisalins Жыл бұрын

@@AusPropertyMasteryWithPK you should probably also talk about inflation adjust value of the house and factor in the front loading of interest rates. No one seems to talk about this to show how much value is really being created.

@namelessyoutubechannel Ай бұрын

As a migrant to this country, I find this channel to be incredibly helpful. Just superb content that will change many lives. Thank you PK!

@Mikel_7595 3 күн бұрын

I signed up for PK's course in December 2021. Finished the course by Feb 2022. Bought my first IP in Adelaide in May '22 (using equity from my PPR bought in July '21), Second one in Perth in Oct'22. 2 years on, I am planning to buy 1 more this year using equity release and one using SMSF. Pk - your course has literally changed my life, in every sense! Onwards & Upwards! For people sitting on the fence about the course - You could either dismiss my comment as AI generated or funded by PK, and go back to your analysis-paralysis mode (like I was before the course) or get into victim mindset and complain about how difficult everything is, OR take charge of your life, take a leap of faith and get ahead. I dread to think what could have been when I had almost signed up for a couple of "educational" courses which would have led me to H & L packages. 2 years on, sitting on more than $350k generated in equity from 2 investment properties, it was nice watching this old video to reinforce my learnings. As always, Thank you PK, it's the least I could do 🙏📿

@AusPropertyMasteryWithPK 2 күн бұрын

@@Mikel_7595 wow thanks for taking the time to share.. really means a lot to me 🙏🏼

@sal4017 Жыл бұрын

thanks PK, your vlogs are always full of wisdom to take in

@imhosydney 2 жыл бұрын

Excellent thought-provoking succinct info to share with less knowledgable people who need to hear stuff from a third party instead of from ourselves!

@sachinbhardwaj5562 2 жыл бұрын

🙏🏼 thank you for sharing this piece!!!

@rpb2032 Жыл бұрын

Awesome content PK! This is the real deal👍👍

@ANTICARBONTAX Жыл бұрын

Just watched this and looked up the statistics on Pimpama and this guy is spot on. The prices for a new home there today are lower than the original house and land package. It saw a drop a large drop in rents as well and has a 2% vacancy rate (Very high) during a rental crisis 😳. 60% of properties are rented (very high) so as he said ALOT OF COMPETITION. Guess I juat found my new property Guru.

@varunabhambhani1531 Ай бұрын

Cant believe I was about to make this mistake by subscribing to a similarx service that you just spoke about. I am blown away, appreciate this PK!

@mehmetyildiz8625 Жыл бұрын

Thanks a lot PK. Great job

@dirtyharrystyles 3 жыл бұрын

Good information, you are 100% correct about these property marketers offering training. The give you all the strategies you can hear anywhere on the net and claim it to be their own intellectual property.

@AusPropertyMasteryWithPK 3 жыл бұрын

Very true.. such a shame that despite all this free content people still get sucked in

@raymondnaicovi9094 3 жыл бұрын

Thankyou bro for the amazing feed back really appreciate it👌

@AusPropertyMasteryWithPK 3 жыл бұрын

Pleasure!

@chelseagovan744 Жыл бұрын

Thanks. Great info.

@LOCOJUICE 2 жыл бұрын

Great video. Just found your Chanel and I think it is awesome!

@AusPropertyMasteryWithPK 2 жыл бұрын

🙏🏼

@pratikpatil6865 2 жыл бұрын

Hi PK great video. On Pimpama, so currently it is one of the fastest growing suburbs in QLD. There used to be a lot of land before but not anymore - the suburb is strategically placed between two major cities.

@ANTICARBONTAX Жыл бұрын

"Fastest growing" It's called a bubble as he explained. Go look up the statistics on Pimpama today. Everything he said was spot on. The suburb has seen a financial loss in house and rent prices in the last 12 months. With a high 2% vacancy rate. 60% rental suburb with high competition.

@vinnishbaby7222 2 жыл бұрын

Great vedio PK. You are a gem.

@user-vf3jj3wi4j 2 ай бұрын

Awesome explanation thanks PK❤

@andreaflores1584 2 жыл бұрын

Very informative, we need more videos like this in social media. Thanks for sharing this 😊

@AusPropertyMasteryWithPK 2 жыл бұрын

Thanks so much!

@haroldlongwood1068 3 жыл бұрын

Great content. This needed to be said

@AusPropertyMasteryWithPK 3 жыл бұрын

I know right ..

@adedibuadeyemo1896 2 ай бұрын

Great content ! My takeaway is at 12:22-12.23 mark . The right area / location is usually the key as PK alluded . New property in the right area should also perform well compared to established property in the wrong area . Keep up the good work Pk.

@jessecooney1862 3 жыл бұрын

Love this and couldn’t agree more 👏

@AusPropertyMasteryWithPK 3 жыл бұрын

Thanks mate

@Hs-dp4tq Жыл бұрын

The most helpful vidoe on property investment

@myname2096 2 жыл бұрын

*It depends on the location of the new property. There are instances that the new property could be in the same location but has bigger area, or it could be in a more strategic location and has a bigger area etc.*

@tanujabrol866 2 жыл бұрын

Hi PK, great video. What data sources can I use to analyze the data factors you’ve touched upon?

@dannyhughes4889 2 жыл бұрын

I have a gut feeling that you are someone I can trust and able to recommend to my sons...one of whom is looking to sell and buy when/if properties start to come back onto the market place.

@AusPropertyMasteryWithPK 2 жыл бұрын

Thank you 🙏🏼

@haile308 7 ай бұрын

I hear you PK, and I'm aware of the points you mentioned. I still went ahead with building a new home for investment, and renting out individual rooms to maximise yeild. Main reason is due to my long term goal as I don't plan to sell anytime soon. Over time, all properties will increase, hopefully double in 15-20 years time. I find that land size and being able to customise your floor plan to be rent friendly and maximise living space, provides me a few comforts in my risk evaluation. 1st, attracting renters is quite beneficial especiallyimportant in the downturn cycle. For example, where to strategically place the toilet, as no one likes their bed head next to a flushing toilet. Also having larger bedrooms and smaller living space, plus ensuring walk in pantry is large to accommodate everyone in the house. 2ndly At the same time, I'm able to stretch my living space to 260sqm, which is above average space for a single 4x2. I pay a bit more now per sqm, but I hypothesise the living space used to calculate and evaluate upon its eventual sale will compound. I compare this to current homes and it just doesnt provide me with the same benefits for the same price. However, I definitely see your strategy for an investment property I want to sell off in the shorter term. I might look at doing this in the next investment property where I look to hold for shorter term to hopefully make a profit and pay down my mortgage sooner.

@Alex-bl7cf 2 жыл бұрын

Thanks PK. This was helpful.

@AusPropertyMasteryWithPK 2 жыл бұрын

🙏🏼

@temitopeolajide9822 2 жыл бұрын

This is very informative. Thanks PK

@AusPropertyMasteryWithPK 2 жыл бұрын

Thank you 🙏🏼

@varunabhambhani1531 Ай бұрын

Cant believe I was about to make this mistake by subscribing to a similar service that you just spoke about. I am blown away, appreciate this PK!

@AusPropertyMasteryWithPK Ай бұрын

No worries

@eugenesalvador7410 2 жыл бұрын

Hi PK, pls elaborate more about your statement regarding paying ATO after utilising depreciation from brand new property. Thanks

@skhabib754 Жыл бұрын

Good advise PK

@lanzp9150 2 жыл бұрын

Wow wish I found you 4 months ago before I purchased my 3 property brand new studio apartment, dam still learning the hard way

@AusPropertyMasteryWithPK 2 жыл бұрын

Oh no!

@mpmpmp3456 2 жыл бұрын

Great content mate. It is happening a lot now

@AusPropertyMasteryWithPK 2 жыл бұрын

Yeah

@2ChannelAudio 2 жыл бұрын

Very informative and in a realistic way unlike others. How about property price in QLD and NSW in coming years with predictions of increased flood because of climate change (It already showed the signs)? Better to invest in VIC, SA and WA?

@SwitcheZ-ri4qf 3 жыл бұрын

Thank you PK 🤟🏾

@AusPropertyMasteryWithPK 3 жыл бұрын

Pleasure!

@lspag7415 Жыл бұрын

Hey PK, just found your channel ad I'm really enjoying your content 🙏 Please let me know your thoughts about buying property as 50+ year olds? Maybe in smsf?

@Kk-oc5wr Ай бұрын

Great advice

@vihardoshi3963 2 жыл бұрын

PK IS GOOD TEACHER, VERYWELL SAID

@AusPropertyMasteryWithPK 2 жыл бұрын

🙏🏼

@dilipkumartr 2 жыл бұрын

Another important factor described in favour of new properties especially the H&L package is low stamp duty, as in most cases the stamp duty is only on the land. If we are looking for a 600 K property, the stamp duty can be a big factor, often the determining factor for someone trying to buy their first IP

@zacharyscott387 2 жыл бұрын

This video is gold

@AusPropertyMasteryWithPK 2 жыл бұрын

Thanks man

@moynulislam9559 Жыл бұрын

Thank you PK

@monishkrishna9773 3 жыл бұрын

Hey PK, can you do a similar comparison video of new build vs existing property in Auckland, New Zealand context please ?

@janetyee6727 Жыл бұрын

Please do PK....I need advice asap.

@riggingcranetips7393 Ай бұрын

awesome video

@AusPropertyMasteryWithPK Ай бұрын

🙏🏼

@hsk8787 2 жыл бұрын

I work in the industry and i can confirm alot of this is correct..

@AusPropertyMasteryWithPK 2 жыл бұрын

Cheers

@d.j.z.j 2 жыл бұрын

Chur

@ashishmathur853 2 жыл бұрын

In old property can we claim tax benefits of setup cost which one can claim the whole amount in 5 years in case of new property ? Also depreciation of building like 2.5% every year and fixtures ? Kindly advise . Thanks

@dalepurdon8948 3 ай бұрын

PK fully agree with not being able add as much value to new vs established, however what are your thoughts on buying/building a new duplex and then subdividing on completion to add value to each half?

@eugenetan7326 2 ай бұрын

Hey PK, this is really really amazing. I just discovered your channel today and seen 3 videos. I almost pulled the trigger to buy an off plan town house in Taigum but thanks to you, I'll work hard and find better options. However, you have amother video saying town houses can be a good option. What do u think about a new build in Taigum? Main reason I wanted to do that was to tap into the 30k first home grant. What's your advice on that?

@mayankagarwal8497 Жыл бұрын

What is your take if the artificial increase of property price by builders is too high which is sufficent for 10 years. Just to name tallawong, schofileds , riverstone, box hill, marsden park etc etc

@gibransiddiqui3619 2 жыл бұрын

Nice Video. It cleared some of my doubts regarding new vs old apartments. What do you think about brand new apartments (not off the plan) in suburbs around Parramatta cbd like Westmead, north parramatta, Merrylands etc. Will they also experience same issues as brand new apartments in New suburbs where there is no shortage of land?

@AusPropertyMasteryWithPK 2 жыл бұрын

I just did a video on a similar thing 3 days ago on that!

@mirzabaig8757 Жыл бұрын

Explain great

@TeyaSkae Жыл бұрын

@PK is $500O maintenance allowance annually on a 50-year-old property normal?

@mariebelsapin 2 жыл бұрын

Great video, thanks PK, can you please give me some advise? Do you think it is better of buying an investment porperry than buying ny first home, like buying a land first then eventually build a house ? I need some clear guidance here. Thank you

@againstthestatusquo 2 жыл бұрын

Hi I work in real-estate, here's some advice I guess based on what I'd do. If your currently renting, buy something you like that's affordable and will appreciate (preferably house on some land so you get cap growth as well). If your comfortable living with parents or whatever, then definitely by an investment. Buying land isn't going to make you any money and will cost you a lot until you put a house on it. So consider buying a 2-3 bedroom unit/townhouse or preferably house and land (land goes up in value but is expensive in brisbane now). Consider we are losing 20% of money in the bank a year from inflation, investing in property is a must to stop your money becoming worthless

@Pl-bd8lv 5 ай бұрын

I'm subdiving a plot of land to build 3 townhouses. After completion, these 3 THs should generate more than enough rental to cover the interest and create positive cash flow with depreciation. Is it a good idea to hold them? Or i'm better off selling them for capital gain

@criostoirashtin11 5 ай бұрын

8:10 I didn't understand about paying back depreciation to the ATO

@nitsaustin Ай бұрын

Hello PK.. good video, but could you please explain more when you say that when we sell thia hnl, we have to give back to the ATO 45% of all depreciation tax money that we saved? Which form of tax is this please? Thanks.

@AusPropertyMasteryWithPK Ай бұрын

It’s added to your CGT

@carlosf3917 2 ай бұрын

All new construction, the one who is making money is the developer. They are selling you a house at retail prices. They make money on every 2x4 they sell you. The only way to make money is to wait for the suburb to appreciate. Even then inflation will be a head wind.

@dingo-dile 2 жыл бұрын

I live outer suburbs through choice. Wanted bigger block of land. Not really an option inner city

@yourikhi 2 жыл бұрын

Same I prefer small ass footprint of the building but bigger open yard or land...

@luckybraraustralia159 Жыл бұрын

Which suburb are good for investment in Brisbane? 😊

@thefrontenddev Жыл бұрын

Great video PK. I guess I am late to the party. Can you give me some advice, I am a first home buyer and was looking to buy a property in Melton area near Melbourne. I am confused if I should go for house and land package or and existing property. Also if I should consider investing or rather buying home to live in.

@AusPropertyMasteryWithPK Жыл бұрын

I can’t give personal advice here but I’ve done vids on those exact q’s!

@thefrontenddev Жыл бұрын

@@AusPropertyMasteryWithPK can you share me link to the videos please

@matthewleeworthy5566 5 күн бұрын

I disagree with you PK. You might be right about New Homes in Melbourne or Sydney but it’s definitely not the case In region Australia like Albury, Wangeratta, Wagga Wagga, Central Cost or any town under 150k people. Creative builders and investors are currently buying block is central location building Duel occupancy, rooming house and primary and secondary dwelling. They yield 7-14% and depreciation a huge portion of the home. If a home is offering such a great yield and you can claim a large portion of it why sell? I intent to hold my homes for decades. If you’d be willing I’d like to discuss it on your channel. I started with nothing 15 years ago and now I have built 25 new homes plus 2 existing homes.

@Daewonnni 5 ай бұрын

Are you specifically referring to NEW house and land developments? What about NEW townhouses etc. in proven and more established areas?

@mandarnaik8457 3 жыл бұрын

Great content as usual PK. HOwever what i saw from last year if bit different. If i see in Sydney area, last year H&L pkg land values was for around 400-500k, early this year it was around 500-600 k for appx 375sqm plot. Now after 6 months its selling for slightly over 800K. Hows that happening? to be specific i am talking about Box hill area where there is huge land availability and no basic amenities yet like school, shopping complex, transport etc.

@AusPropertyMasteryWithPK 3 жыл бұрын

Rising tide lifts all ships. Where the fundamental are bad or data is not good, that is where will correct the most post boom :)

@madhutsb2002 2 жыл бұрын

@@AusPropertyMasteryWithPK what I have seen is such properties are owner occupied so they refinance and take that money out to invest elsewhere so on a correction it is still fine as they are planning to stay longer. They will ride that cycle and in long term it works out. Do you see any problem in it? Still H/L package in Sydney sounds a good deal?

@AusPropertyMasteryWithPK 2 жыл бұрын

@@madhutsb2002 I wouldn’t touch sydney at this point

@splinter1012 Жыл бұрын

PK can you please elaborate on your point about having to lump sum paying the depreciation back to the ATO when you sell the property? I’ve never heard of that rule so could you please clarify? Thanjs

@AusPropertyMasteryWithPK Жыл бұрын

It gets added to your capital gains tax

@splinter1012 Жыл бұрын

@@AusPropertyMasteryWithPK Thanks for the reply. OK so it reduces the cost base and therefore is influencing an increased CGT Liability. But if you hold the property for greater than 12months you get the 50% CGT discount right? Would that mean you're only losing 50% of the depreciation you previously paid? Isn't that still a reasonably positive outcome to have that net 50% back in positive cashflow over the life of the asset?

@AusPropertyMasteryWithPK Жыл бұрын

@@splinter1012 that’s correct. The sub point is don’t invest for depreciation alone! New h&l generally underperform in growth :)

@splinter1012 Жыл бұрын

@@AusPropertyMasteryWithPK Thanks again PK all makes sense. And definitely agree on the sub-point you're making . ultimately the fundamentals of investing and due diligence still apply whether you're buying established or off plan. You still need to do your homework, research and figurework regardless.

@dilipkumartr 2 жыл бұрын

Hi PK, So you mentioned 7 factors, but don't think you are covering the "Govt incentive" factor in the video. Can you shed some light? Thanks

@richardhouston8987 Жыл бұрын

Maintenance expenses get higher every year....After 10 years everything breaks down and then u have to repair according to new building codes....good luck with that

@AusPropertyMasteryWithPK Жыл бұрын

I have more than 10, maintenance cost $1500 per year on average, first was bought more than 10 years ago

@exhaustpopandcrackle4979 2 жыл бұрын

Hey PK thanks for the Video Just asking I’m about to buy my first property What do you recommend regarding the age of property, how far should I go the age of property 30, 20 ?

@jamesnorton8065 Жыл бұрын

So we hold a property for 20 years and have $1m capital growth. That’s a bad idea because we would have to pay $45k of the $1m profit back to the ATO?

@AusPropertyMasteryWithPK Жыл бұрын

Please have a listen again, I think you’ve not caught the idea

@davidsullivan8236 Жыл бұрын

Hi PK I Caught with the Depreciation with the ATO to the tune of 50K

@AusPropertyMasteryWithPK Жыл бұрын

Ouch.. it sucks when you don’t know about it initially !

@Jonnysmastermind Ай бұрын

But why would you sell ? I’d rather keep the asset and have a cash flow !

@matthewkelly4107 7 ай бұрын

All good but the depreciation bit is incorrect. Depreciation comes off your cost base, you then pay tax on half the gain then tax at about 40%, so you will pay back about half of the depreciation later

@matthewkelly4107 7 ай бұрын

Lol, 1 quarter not half. My bad.

@jso19801980 11 ай бұрын

even better is off the plan apartments... you get all the downsides of a new property..plus all the downsides of having no land :( this is so painful to watch after having made all the mistakes already

@zoticocagulada4272 Жыл бұрын

I wish you write a book so I can just go and have a read to help me with my investment

@AusPropertyMasteryWithPK 11 ай бұрын

I have a course

@rohitguy1080 3 жыл бұрын

How’s Thornlie in perth for investment?

@AusPropertyMasteryWithPK 3 жыл бұрын

Pretty good

@rohitguy1080 3 жыл бұрын

@@AusPropertyMasteryWithPK market has moved quite a bit there already. May be 10-15% in last six months. Getting a bit riskier now, buying at inflated price.

@rohitguy1080 3 жыл бұрын

I prefer Huntingdale now, closer side of Thornlie as a good pocket to invest. Much better rates, better owner occupied percentage, same median price suburb letting you buy cheap due to lesser competition. I started running away from places where it already got very popular.

@ronicaleung1079 3 жыл бұрын

Hi PK I bought a freestanding townhouse 7 years in kellyville Ridge at $685,000. Now it worth about $950k to $1 million. Should i sell it and then buy a house with higher land value? Thanks

@AusPropertyMasteryWithPK 3 жыл бұрын

Pretty great buy cause whole of Sydney boomed! I can’t give personal advice here sorry

@Fangfangact 3 жыл бұрын

In same area, townhouse can never beat house for capital gain

@easyfood3047 3 жыл бұрын

Hi pk I already had i property (house )on canberra and again I want to buy next house on north adeilade can u please suggest any specific suburb at this moment I am thinking around 400k .

@AusPropertyMasteryWithPK 3 жыл бұрын

That’s what I help my clients with

@anmoladhikari2263 Жыл бұрын

How old property is good?

@AusPropertyMasteryWithPK Жыл бұрын

Depends on its build quality etc.. but up to or around 35 .. but depends on Reno’s etc

@ahmadkumardsouza3262 3 жыл бұрын

8:10..where is that rule defined on ATO? No one seems to know about this? not even CAs?

@AusPropertyMasteryWithPK 3 жыл бұрын

Just google it. Or go to the ato website. Or ask your accountant

@ahmadkumardsouza3262 3 жыл бұрын

@@AusPropertyMasteryWithPK Are you saying its not explicit but implicit...for instance If i bought a property for 500K in 2018...and paid 30K in stampduty + costs...so my property cost is 530K...now i claimed depreciation of 15K in 3 years...so the cost of my property becomes 515K..now when I sell it for 550K.. I am making a profit of 35K and "not" 20K (as would have happend with original price)...out of which I will get a 50% discount since I held my property for more than 12 months so my CGT is on 17.5K...but this CGT also factored in the reduced price of the property since I already claimed depreciation and thus the logic?

@AusPropertyMasteryWithPK 3 жыл бұрын

@@ahmadkumardsouza3262 any deprecation claimed gets added to capital gains tax

@ahmadkumardsouza3262 3 жыл бұрын

@@AusPropertyMasteryWithPK So technically depreciation claimed or not claimed doesnt really make a difference in the end....its just a matter of haveing extra cash flow when you claim it...but the CGT nullifies it in the end

@AusPropertyMasteryWithPK 3 жыл бұрын

@@ahmadkumardsouza3262 short term gain for long term pain

@moripravin9219 3 жыл бұрын

This is exactly what I think about property investment companies. However, PK what's you role? What do you get from helping/educating people about real estate? I like your videos, it's simple and real.

@AusPropertyMasteryWithPK 3 жыл бұрын

Thanks mate, this is what I do consultingbypk.com.au/

@kharabelasatapathy8689 2 жыл бұрын

Already had 2 carrots in my bucket😭

@victorpopovich244 3 жыл бұрын

Sending this video to Scott from Freedom Investments. This is clear defamation! Ha ha, just kidding...

@AusPropertyMasteryWithPK 3 жыл бұрын

So many freedoms. Facts are facts hey

@gustavonz46 Жыл бұрын

buy the worst property on the best street

@harshsingh9030 3 жыл бұрын

Amazing and very informative video mate. this is exactly what I am trying to research on these days on QLD PROPERTY and its full of home and lad packages. According to how you work what suburbs you will suggest under $500k in QLD preferably within 40-45kms from brisbane CBD. Redbank Plains, logan, north lakes , burpegary, springfiled lakes, goodna? Hoping to get excepted on your Facebook page

@AusPropertyMasteryWithPK 3 жыл бұрын

Hey I don’t recommend ANY of the suburbs or areas above..

@harshsingh9030 3 жыл бұрын

@@AusPropertyMasteryWithPK yeh i realised after i watched your QLD video. Waiting to get accepted on your facebook page ad lookig forward to get your assistance. Thanks so much :)

@AusPropertyMasteryWithPK 3 жыл бұрын

@@harshsingh9030 cool, we approve group request every Saturday

@varunabhambhani1531 Ай бұрын

Cant believe I was about to make this mistake by subscribing to a similarx service that you just spoke about. I am blown away, appreciate this PK!