Good day,
What is generally a better buy – a townhouse or a unit? Thanks…
Depends what the demand in the area is. If it is elderly folk, probably a unit. Stairs would be highly undesirable for this market.
Personally, I am not a fan of the whole body corporate idea, so I'd probably say "whichever one is on its own title" !!
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Propertymistro,
a townhouse would generally have a higher land value as part of its valuation than a unit. So the disadvantage would be a higher land tax (all other things being equal). The advantage, of course, is that if it's in a high growth area, the townhouse should go up more than the unit.The definition of "unit" seems to vary somewhat. If it is a dwelling with no dwelling under or above it, great. If it is a flat (with others above or below it), not great.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
I think the best question to ask is which one is going to get you to your goal?
Follow the numbers, as the numbers dont lie.
Nathan.
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