Do you realise that significant tax deductions are available on older properties, not just new ones? A recent publication shows that even for homes built pre-1987, the average claimable deduction is over $5,000 in the first year.
There is a popular misconception that such deductions are only available for new properties. When considering an investment property, maybe widen the options by learning the benefits of not only capital growth, but also the deductions available that might make owning a rental property within reach quicker than you thought. We certainly need more investors to offer rental properties, as demand is extremely high and still increasing (think immigration).
This link provides excellent insight on the facts, figures, and benefits from BMT Quantity Surveyors: https://bit.ly/3KZNIoP