Hi Everyone,
I now have at least $37,000 money that I can use to invest in either a unit or a house. I am tossing between the two and not sure about buying another unit – I find the annual corporate fees on top of the council rates quite high. I guess with a house you don’t have that plus you get a block of land which is fast becoming rare.
Any advice would be much appreciated.[biggrin]
Thanks to everyone.
Rose
http://www.elegantdog.bizRose
Just remember that it is land that appreciates and buildings that depreciate. So in theory, a house would be better as it has more land content than a flat. But a flat may give you more depriciation making it better short term.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi Rose,
This article on the residex web site may be of interest to you,
http://www.residex.com.au/index.php?content=article12Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
All things being equal I personally would choose a house.
But things aren’t equal and a unit with a terrific location and outlook might be preferable to an average house.
As in most things it is very much an individual choice.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 9853 year fixed rate – 6.69%
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
“it is land that appreciates and buildings that depreciate.”
Apartments typically have a land component in the valuation.
Houses can depreciate as much if not more than an apartment.
Apartments in the right location can appreciate at a faster rate than houses in the same vicinity.
— Michael
…particularly with the changing demographic. I can’t see too many divorcees or old ladies wanting to live in all the McMansions being thrown up out in the sticks
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
The median growth rates for houses in the Noosa Shire QLD out perform the units over the last 20 yrs.
I guess position is always critcal.
CheersChad
I think also that apartments are relatively new to the RE landscape in australia- as in, the first suburban units were built in the 60’s or thereabouts (we called ’em flats back in them days- hehe).
New apartments are a bit “new york” now… and young people will grow up thinking they’re deirable, whereas in the past, they WEREN’T desirable- as in the 60’s blocks- well, there were some art deco ones but that’s another story. When i was a child, really the only units around were Department of Housing units, and units in general, were considered the very poor cousin to houses.
Props, you mention the McMansions- I agree- the Kath and Kim suburbs are going to be less desirable, I reckon, when urban Gen Y’s grow up, than living in some of the newer apartment blocks. I just can’t imagine Y-geners doing the washing their car in the drive on the weekend in suburbia, thing. I think they’ll be far less attached to domesticity than baby bomers and late X-gens. And Y Gen are going to be our tenants in the next generation of tenants.
kay henry
kay henry
Go the house….they’rt making anyone more land.
Kind regards,
Smart CookieT (02) 9501-2531
F (02) 9501-2541
M 0408-440-453
W http://www.smartcookie.com.aushould have read….the not making any more land!!
Kind regards,
Smart CookieT (02) 9501-2531
F (02) 9501-2541
M 0408-440-453
W http://www.smartcookie.com.auyes but not all land is created equal – the land content of a unit may be just as valuable as 500sqm’s out in the sticks
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
Hi all,
To me it’s not a question of house or unit per se – but more about what is the relative value of the piece of land that the property sits on.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
It’s also depends what you can affort and where or which area you want to buy.
Cheers
PropertyGuRu
[sultan]Mortgage Consultant
And your investment strategy
If buying units or townhouses it’s best to own all of them & get rid of the body corporate issues.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
For Me, Townhouses so you still get land component,if it is for long term,then it suits uni Students,Generation X and Y not too mention stats that show 35% of all house hold will be single people in 10 to 15 years time,for a number of reasons.
Tony
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