New builds have a 20 year advantage

A new build that received its code compliance certificate after March 27, 2020 is exempt from the tax rules which limit deductibility on interest payments against rental income.

That means you can own a new house and continue to get a tax advantage for 20 years by being able to claim tax deductions on mortgage interest payments against your rental income. This also applies to purpose-built rentals.

You can read more about the new build policy here.

There are now many advantages to buying a new build, including lower initial deposit requirements and more financial support for first-home buyers. In addition, new builds are constructed to a high standard and have far lower maintenance costs than most existing homes.