What is a better option for growth, I was told units are not good to invest in because the land is not its own. And land value is what goes up. Any thoughts?
Hi Andrew
Mate, this question is bound to stir up some varied responses…
Historically, House and Land has gone up quicker than Units.
Having said that, i have a preference for units or townhouses… i feel that society is moving away from the Married Couple with 3 kids and a dog towards things like the DINK's, single parents, Gen Y / Gen Z putting off having kids until later in life, retirees downsizing into a more 'manageable property' etc
The best advice you can probably be given is to become an expert in your chosen area…
Eg, Are you a house or unit investor ?
What area do you invest in – not just NSW, or Melb, but which specific suburb…
Do you buy and hold, or renovate and sell etcHouse in the high density suburb
House within 7kms of the CBD and 1km from the beach!
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