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Hi,

Someone told me that while property price may be high, LAND PRICE will never drop.

This person told me that LAND will always appreciate and in a year time, I will be sorry because I cannot make a decision to buy LAND now. An old house has depreciation value, it land value will apprecite...

I wonder if this is true ? Is that the reason why everyone is rushing to buy land and even queueing up overnight just to secure land...
 

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In Australia it is about houses built after 1989 as far as I know? Or maybe about up to 15 years old?

You might claim some depreciation if you have renovated an old house. How it works? Not sure, check with an accountant or a real estate agent.
 
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