hello everyone, i have been reading these forums for quite a while and have learnt many things . I am looking to buy my 1st ip and have been searching my area i am looking to spend about 200k but all i can find are units.. are units a good investment ???
any advice would be appreciated . Thank youOur first two IPs are units, purchased 1990 and 1991. Units generally have slightly less capital gains than a house, but as you have found you require less money to get into the market. Each is now worth a bit over two and a half times what we paid for them.
In many ways they are an ideal first IP. The body corporate is responsible for all the external area, so basically you are only responsible for the insides of your exterior walls.
Good luck
MargBricks and mortar depreciate, land appreciates
But this doesn’t take into account irrational markets in action,
Be careful of buying into unit developments
6% average compound growth will result in your investment value being 2.4 times cost, so it sounds ok, but you can get 6.5% in the bank
just some thoughts
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