There was a time that investing in a unit instead of a house was unheard of. When you buy a house, you’re buying land which has more inherent value than air, right?
That idea is slowly being eroded as us Aussies change our lifestyles.
While there’s no right answer, here’s a few things to consider if you’re looking at purchasing an investment property: your aversion to risk what you can afford property market conditions both current and historical where you choose to buy. Houses One of the benefits of buying a house is that if you want to conduct extensive work like a major renovation, it’s generally much more flexible as you don’t have to abide by strata laws. Another benefit of buying a house is that some tenants will look for outdoor space, which means you may be able to attract a larger number of tenants. Conversely, tenants who prefer not to maintain a garden or lawn may steer clear of houses with a backyard. Units One of the main benefits of buying a unit is that they are usually constructed close to city centres, public transport, amenities and entertainment. Indeed, many apartment complexes feature gyms and pools, facilities which are sure to attract tenants (and higher strata fees).
You also may not have to pay for garden and lawn upkeep – although, keep in mind you will probably have to pay strata.
Another advantage of buying a newly constructed unit is that you may be able to benefit from tax concessions relating to depreciation. Do your research
Property is a significant investment (and one that I personally love!) so in order to avoid buying with your emotions, ensure you do as much of your own research as possible. For more info please contact me on 0414 891 931 or firstname.lastname@example.org #propertyinvesting #proprty #investing #investment #kaiahunter #homeloans #sunshinecoast #mortgagebrokersunshinecoast #investingtips