Old vs new: What’s best for your hip pocket?

first_imgGeneric image of existing houses in Brisbane (AAP Image/Glenn Hunt) Herron Todd White Brisbane residential director David Notley said buyers should research builders, developments, public transport and any other important factors before making a purchase.But developer Don O’Rorke of Consolidated Properties said prices for house and land packages had remained relatively steady. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDifferences between building in new or established estates01:50BRISBANE’S “abundance of land” and affordable prices are driving the great migration from interstate.But a new report has found that building a new home may not be as economical as purchasing an existing property.“In most cases, we’ve found building contracts have become more expensive over the past 12 months,” Herron Todd White’s (HTW) Month In Review report has found.“It’s becoming increasingly difficult to support the cost of land plus construction as equal to or above the end value of the completed property.” An aerial view of the Brisbane CBDMore from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoIt found there was serious competition between new and established stock within some estates, with some existing properties trading for up to $40,000 less.It also found that many of those existing properties were “substantially larger” than the newer builds – an attractive option for buyers.last_img

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