Established Property

Established properties, while requiring careful consideration, can also play a significant role in your investment portfolio

Customise to your unique situation

Investing in an established property depends on your unique circumstances, cash flow position and overall goals and strategy. There are advantages and disadvantages to buying an established property that should be taken into account when making investment decisions.

Renovate and improve

One advantage of investing in an established property is the potential to add value through renovations and improvements. Unlike brand-new properties, established properties offer the opportunity to enhance equity through simple makeovers or more extensive renovations. However, it’s essential to approach renovations with expertise and guidance to stay within budget and maintain profitability.

Approach renovations with caution, as they can potentially become a financially unprofitable endeavour due to escalating costs and unforeseen circumstances that may erode the anticipated profit. Exercise prudence and careful consideration when implementing this strategy.

Lower costs

Purchasing an established property presents the advantage of lower costs. While affordability is influenced by factors such as location and property type, established properties typically offer a more budget-friendly option in comparison to new properties.

However, owning an existing or older property requires careful financial planning for potential upgrades, maintenance and repairs. These expenses can impact your cash flow and holding costs.

Things to consider

It’s essential to note that older properties typically have lower rental returns compared to newer units, especially if they lack the modern amenities and features that tenants seek. The appeal to tenants may be lower, particularly if the property has an outdated design.

Furthermore, it’s important to consider that changes to tax legislation in 2017 mean that property investors can no longer claim depreciation on used plants and equipment found in second-hand properties. This can impact the potential tax write-offs for investors of established properties.

When considering established properties, it is crucial to engage in thorough research, consult with experts and evaluate your specific goals and circumstances.

Lumo Property Investing can provide the guidance and expertise needed to navigate the complexities of investing in established properties.

Unblock Your Path to Financial Freedom


Book a discovery session

Fill out the form to book a discovery session where you can share your goals and dream financial outcome.


Get a customised plan

We’ll map out a property investment plan with you so you don’t have to stress about doing it alone.


Financial freedom is within reach

Confidently build your wealth through smart, fact-based property investments and when your equity builds, go again. It’s as simple as that.

Download our Free Guide

Breaking the barrier: The worst strategy you can have as a property investor

As aspiring investors, it is crucial to recognise and understand that, for decades, Australians have been conditioned to follow one certain strategy, and it may come as a surprise for you to know that this strategy that you may have already implemented plagues 99% of property investors, preventing them from attaining true wealth.

We’ve written this eBook to help you understand the best strategy for your needs and goals, so you can invest in a brighter future.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Book a Discovery Session

Fill out the form to book a discovery session where you share your goals and dream financial outcome

"*" indicates required fields

This field is for validation purposes and should be left unchanged.