Resale Home vs New Home
Key Differences
Breakdown Cost Of A $1.5m Property
Resale Home (3 years of ownership)
Property Tax – $1,380 (annual) [$4,140]
Stamp Duty – $44,600
Total Interest – $113,145
Maintenance – $380 (monthly) [$13,680]
Total Expenses: $175,565
Total Breakeven Cost: $1,675,565
New Home (3 years of ownership)
Property Tax – $0
Stamp Duty $44,600
Total Interest – $8,615
Maintenance – $0
Total Expenses: $53,215
Total Breakeven Cost: $1,553,215
Does Resale Carry More Risks Or Opportunities?
