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Why investing in new land estates is a bad idea

Perth-based property investment and development expert Trent Fleskens takes us through why investing in new land estates is an often ill-fated strategy.

New land estate being built in Newcastle
Developers often offer generous subsidies and rebate packages to attract people to invest in the outer suburbs. Photo: Shutterstock

We all hear how new cars lose about 20 per cent in value the second we drive them out of the dealership. However, a large percentage of us still buy cars new, understanding that they are heavily depreciable assets, which is the first sign of a bad investment. 

We do this because we don’t see a vehicle as an investment, rather a lifestyle choice or necessity. 

There are ways to justify it beyond dollars and that is a personal choice. I don’t agr…