Newer v/s older houses

I suspected you are describing Kallangur. A lot has changed since you bought, have a look at the satellite and street view images. Have you considered developing this property? If there is nothing similar currently on Real-estate, have a look at sold properties for comparables. Is now the best time to be selling?

 

Thanks @Angel , looked at both Sold and current stock but cant find something really similar. Mine is single garage on 672 sqm block. Agents play garage also as a big factor.
This might or might not be the best time to sell although it is predicted as such specially for Brisbane. But having talked to a lot of agents in past one year, I understand that average capital growth in Moreton Bay is expected to be 2-3 %. I have 2 properties in Kallangur. Want to sell this one and buy in another area which could give better Capital Growth.

 

I had also grown up under the tradtional belief of older house and bigger block was the way to go.

The examples listed really do go to show why that is not neccesarily the case.
The newer property is 30k cheaper, has depreciation benefits, or for an OO its not in need of any modernizing and is probably nicer to live it - which itself holds tenant appeal if it's to be let out.

In other words what do you get for an extra 30k if you buy the older place?
A bigger yard that cant be used for anything anyway, and kitchen/bathroom that needs updating.

 

I guess timeframe plays a part too. What's new today is old eventually.

I guess from a financial point of view the unit in the example might be a better option today and the shorter term, but once the benefits of new are gone then the pendulum might swing back to the house in an old vs old comparison.

 

2nd one does not mention land size but older also looks decent.
But going with 1st now makes sense to me only if I can do some renovation to it before selling as both are almost same price give or take $10k-$20k. So the saying that in older houses land will get more value will only be true if I hold for say 15-20 years in good area or do some renovation

What would you do

 

I think the main consideration comes down to who is the target market and how does your property present?. Sales in mbrc atm are largely fhb who want a property that presents well and that they can move into without hassle. A quick repaint, new carpet, flooring etc removing obvious defects will go a long way to getting a good result if the other fundamentals are there. These properties are selling at the first open for at or above listing due to low stock (in most areas). The marketing and staging is also key, if it looks good online you'll get people through the door irrespective of new or old and it will sell quickly...

 

interesting comment, what do you mean by the other guy who bought the townhouse only making 20% ? / how do you come to this %?