Don’t write off an older property. They throw them up these days and perhaps not built to same quality and standards? A 90s build looks modern enough still. Our house is 70s built modernised property and we’ve lived here happily for 10 years with minimal maintenance (touch wood) We are on 760sqm. They flog blocks in our neighbourhood and put 3 units on them.
Agree with caution re building right now. Costs are sky rocketing. Delays with our build which are not so much of a problem for us but glad we got it organised when we did.
A lot of older property just needs cosmetic work done, to turn into something quite special. You’d get all the relevant inspections done pre sale anyway.