Property Investment Advisor

At New Property Specialists, we provide a holistic and personalised approach to your property investing journey.

• We tailor your plan: We’ll get to know your goals, your financial situation and the properties you want to invest in before tailoring a plan suited to your needs and goals.
• We source, negotiate & liaise for you: We’ll talk with all the players involved (e.g. lenders, inspectors, solicitors, builders, etc) so you can sit back and relax.
• You gain financial freedom: We’re always here to ensure you are supported after investing in a property. We’ll review your loans to get a better rate or help you when you have any problems with your property investment.

We recommend investors to invest in new properties (i.e. a house, an apartment, a townhouse, or a house and land package). We dissuade on older / rundown properties because as a general principle we do not believe that they represent a good choice for property investors.

There are a few reasons why investing in new properties is better than older properties:

1. Money is usually made from property when it is bought and held as a long term investment rather than as a short term investment. The reason for this is that the entry and exit costs of property are significant with Transfer Duty being paid when you buy and real estate agent’s commissions being paid when you sell. If you are constantly buying and selling you will spend a lot of money on these entry and exit costs. If you are not constantly buying and selling but are holding the property long term then you avoid all these entry and exit transaction costs.
2. The tax consequences of frequently buying and selling property are also much more onerous compared to buying a property to hold on a long term basis. If you hold property, especially a new property on a long term basis, not only do you completely avoid the capital gains and/or income tax consequences of buying and selling a property , but you in fact achieve a tax saving because you can then claim an annual tax deduction in respect of the cost of building the property and you can depreciate the fixtures and fittings in the property which will also gives you a tax deduction. The tax benefits of holding an older property are much less than those for holding a new property.
3. You will generally get a better rental return on a new property than an older property bought for exactly the same price because most tenants prefer living in a clean, new , fresh property rather than an older, tired, rundown property. This translates to a better return on your investment when buying new as opposed to old.
4. New properties have lower maintenance costs than older properties because everything is new and will not need repairs or maintenance for a long time after you buy it. Whereas if you buy an older property, you might find that you have to spend a lot of money early on on maintenance costs or expensive capital repairs.
5. New homes are more energy efficient, have more safety features and have the latest modcons that many older properties do not have. Not only does this make new property more attractive to tenants producing a better rental return and making them easier to rent, but it also makes them cheaper to run and maintain, once again increasing the yield on the property.

If you currently have existing property or home equity, we will consider this as part of your property investment portfolio which opens up to more property investment opportunities (e.g. larger properties, properties nearer to the city centre, etc). Speak to us if you aren’t sure of you existing equity.

For long term investing strategies, property investment is one of ways to go. Speak to us today and we can start you on your investing journey.