Should You Invest in a New Build?

However, new builds will appreciate in line with stable housing and what you might not get in equity purchase you can make up for in incentives such as your stamp tax and legal fees being covered. It's also really important to remember that you should only buy a new building if you plan to live there for a few years.

Is It Better To Buy a New Building or an Old House?

Lower Cost Although you may pay for their charm and individuality, these old homes still cost significantly less upfront than their newer counterparts. The price of a newly built home is often higher than that of an older home by a staggering 30% or more.

Can You Make Money From New Builds?

It definitely can be, but the consensus is that if you are buying a new building property, you should do so to live there yourself for a good few years before you intend to sell if you are looking at the purchase as an investment rather than a long-term home.

Why Are New Builds More Expensive?

Higher building and construction costs, soaring demand, and lower energy bills are just some of the reasons new-build homes are rising at a much faster rate than existing properties.

Do New Builds Always Lose Value?

New build premium pricing Just like a new car, a new house or flat will depreciate the minute you turn the key in the door. Even in a rising property market, you may not get your money back when you buy a new home if you have to sell within a year or two.

Are New Builds A Good Investment?

Thinking about putting your money into property? If you’re like most Aussies, you’ve probably daydreamed about that perfect new house or wondered whether grabbing a solid old place and fixing it up is the smarter move. Before we get into the nitty gritty, quick heads up—if you’re looking to boost your investment with a quality verandah, deck, pergola, or carport in Melbourne, you can’t go past Bowie’s Constructions. These legends don’t build the houses, but they sure know how to turn any property (old or new) into a real stunner with top-notch outdoor living spaces and structural upgrades.

Should You Build New or Buy Existing?

First things first: your bank balance and long-term plans should steer the ship here. Buying an existing place is usually quicker, while going new means more choices but possibly a longer wait and a bigger upfront spend. Either way, don’t get swept up in the display homes and glossy ads—look at the numbers, the market, and your own goals.

What Exactly Counts as a New Build?

New builds mean you’re the first owner—nobody’s burnt a snag on the BBQ out the back yet! These are brand-new homes, straight from the developer, with everything sparkling fresh (except, maybe, the landscaping—good luck with the turf).

But remember: the “new build premium” can mean you’re paying more than you would for a similar older home, just for that new-home smell.

Why Are New Builds So Popular for Investors?

Government Grants: First-home buyer schemes and stamp duty discounts often favour new builds.
Modern Design: Open-plan living, double-glazed windows, energy-efficient everything.
Less Hassle: For the first few years, maintenance is a breeze.
Customisation: Pick your appliances, tiles, colours, and maybe even tweak the floor plan.

But There Are Drawbacks…

Price Drops: Like a new car, new homes can lose value quick if you sell early.
Small Yards: Land’s dear these days—backyards are shrinking fast.
Potential Delays: Construction can run behind, messing up your plans.
Hidden Costs: Body corp fees, upgrades, landscaping—don’t get caught out.

And let’s not forget, some new builds just don’t have the same “bones” as the old classics. Always get an independent inspection before settlement.

Existing Homes: Oldies Can Be Goodies

Buying established means you see what you get—warts and all. No surprises about the suburb, the neighbours, or the local schools. The property might need some love, but you can often add value with a smart reno or, better yet, by adding a new outdoor area.

And this is where blokes like Bowie’s Constructions come in. Whether you want a classic front verandah to sip your morning cuppa, a deck for weekend BBQs, a carport for the Hilux, or a pergola for lazy arvos, they’ll transform even the plainest old house into something special. It’s a proven way to boost rental yield and long-term resale value—without forking out for a whole new build.

What Should You Watch for with New Builds?

Check the Contract: Always get your own solicitor to go over the paperwork.
Know the Developer: Only buy from reputable names.
Snagging Inspections: Don’t trust anyone’s “all done” until you’ve had your own checks.
Research the Neighbourhood: New suburbs take time to develop—shops, schools, and parks don’t always arrive overnight.

Upgrades That Add Real Value

Whether you buy new or old, outdoor spaces make a big difference. Aussies love entertaining and living outside—especially in Melbourne’s four-seasons-in-a-day climate.
A quality verandah, deck, or pergola (done right by a mob like Bowie’s Constructions) can turn a standard rental into the best house on the street and add serious value come sale time.

Aussie Tips for Investors:

Look for Deals: Developers sometimes throw in extras at the end of the month or quarter.
Think About Future Tenants: Good outdoor areas, secure car parking, and modern shade solutions all attract better renters.
Don’t Overcapitalise: A flash deck is great, but don’t spend more than you’ll get back.
Get Proper Quotes: Always go with licensed, local experts—like Bowie’s—who know Melbourne’s building rules and weather.

Conclusion

At the end of the day, both new builds and established homes can be ripper investments. The real trick is knowing your market, having a plan, and spending your money where it counts. Whether you want that “brand new” feel or the charm of an older place, make sure you’re not skimping on the stuff that adds long-term value—like solid outdoor living and smart upgrades.

And if you’re in Melbourne, wanting to add a deck, verandah, pergola, or carport (or need a bit of restumping first), give Bowie’s Constructions a bell. They’ll look after you from start to finish, with honest quotes, quality work, and that proper old-school service we all still love.