Episode 3 tests the new versus old theory and shows why depreciation is not a benefit but a cost that only reduces tax while the building falls in value and the land rises. Through clear examples comparing land to asset ratios, cash flow, vacancy, stamp duty and grants, we show the growth gap still favours established homes with more of the price in the land. We confirm this with Queensland sales data where newer dwellings delivered lower capital growth, and explain how capital gains tax can claw back years of claimed depreciation. The message is simple. If you want a new home, build it for yourself. If you want an investment, favour established property with strong land content, limited new supply and room to add value. Episode Highlights:00:00 - Introduction00:53 - Nothing beneficial about depreciation01:43 - What is depreciation03:40 - Depreciation tax deductions05:44 - Depreciation schedule example10:39 - Depreciation — You don’t get it all back13:37 - Depreciation — New vs Old14:17 - Land vs Dwelling14:51 - New vs Old21:15 - Appreciation and depreciation33:50 - First homeowners grant35:29 - Land to asset ratio (LAR)37:45 - Why pros shouldn’t recommend high-depreciation properties41:57 - Renovate or rebuild54:52 - Conclusion ============================================================= 🎙️ Watch all Expert Busting episodes:https://www.youtube.com/playlist?list=PLWD8h9iMOyGg14F66DTdoZuS63mUJwJ82 📚 Read the full data-backed articles:https://suburbdata.com.au/education-expert-busting/ 🔎 Learn how to use Suburb Data to analyse property data:https://www.youtube.com/playlist?list=PLWD8h9iMOyGhDsFFEMdzP5fvfenYvbp0B ============================================================= Expert Busting SeriesA data-driven investigation into property myths.We fact-check bold claims, expose misleading advice, and reveal what the numbers actually say.Evidence over confidence. Data over hype. #expertbustingseries #propertymyths #australianproperty #propertyinvesting #datadriveninvesting #suburbdata #DSR #propertytruths #realestateinvesting ============================================================= DISCLAIMERPlease be aware that the content in this episode is for general informational purposes only and does not constitute financial advice. • The information provided is not tailored to your individual circumstances.• It is strongly recommended to consult with a qualified financial advisor before making any financial decisions based on this content.• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and are not authorised to provide financial services.• Any actions taken by viewers based on this content are at their own risk.