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Your client Jane Doe is keen to make her first property investment in Australia. She is considering buying a residential property and rent it out for income. She plans to use her own equity to purchase the property and does not require any borrowing. Jane intends to hold the property for five (5) years.
You are assigned to source and analyse two (2) possible residential investment properties for your client from 2 different cities in Australia. However, your client has a limited amount of fund and only one property can be purchased. You will submit a report containing the results of your investment analysis and recommendations. Please be aware that Jane, as a foreign investor, can only purchase brand new property.
Question
What does a brand new property mean, and what should I pay attention to when searching for this type of property?
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