You can see exactly what you are buying in terms of size, aspect, outlook, finish and the surrounding neighbourhood.
Established homes can show the result of years of wear and tear or worse, have significant defects. Be sure to arrange a professional pest and building inspection prior to purchase as this will highlight any defects or illegal building work that can be costly to repair.
Older homes will require more maintenance over time. This can impact your ongoing returns.
The property may have a known rent history or may even be sold with tenants in place.
Appliances or fixtures may be due for replacement or repairs.
Established homes can provide good opportunities to add value by renovating, subdivision, development or extensions.
The true market value of established homes can be determined based on more comparable sales.