New Builds vs Existing Properties – Which is More Profitable?

Back in the day, Kiwi property investors favoured putting their money into existing properties.
But as new rules and regulations are introduced, Kiwis are shifting towards New Builds. 
Today, you’ll learn the benefits of investing in both so you can choose the right property for your situation.

#propertyinvestment
#newbuild
#propertyinvestor

[zeprowl]

Question - I might want to do BRRR, but it's very difficult without a lot of starting equity as you've mentioned.

If that's my goal in the future, is it better to:
a) Keep saving / improving my existing property
b) Buy a new build to increase equity - this might be hard because I don't think I get 'free' equity until it reaches 40% if i want to retrieve it

[colincameron]

Better to buy an existing property with a large section. Subdivide build on the back dble dividend. Last one in Wainoni brought 3brm house on quarter acre for 325k 2 and half yrs ago built a 4brm dble garage on back old house 400 aweek rent new build 550 a week. But here's the bonus total cost of purchase and new build (235k all up) value comes in over a mill made over 450k on paper in the 18mths I spent building it

[tianabirmingham]

The timing of this video is excellent as I was discussing this same topic with my mum just 3 hours ago! I assume this applies to prefab/modular new builds as well?

[eeeaten]

adding $200/w in rent by spending 65k in renovation seems like rather a fantasy. who's renting 2br renovated units for 650/w?