Beware of pitfalls in Australian property buys

MANY investors who venture into the Australian property market for capital growth, yield, lifestyle, migration or educational purposes tend to buy brand new properties. One could be forgiven for thinking that this is because the market perceives "newer is better" - and this is what the Asian market wants to buy when they think of Australian property.

However, the real reason - which is not always made clear and apparent when developers sell properties off plan to non-Aus…