Hi All,
I am a first time investor actively seeking for investment opportunities.
I am currently seeking information regarding demand for property types on the gold coast.
As my main investment goal is to create a profit from positive cash flow, I am seeking advice as to which property type between a house or a unit would be a wise first investment in regards to demand of housing, such as which property type is a more popular and secure option in attracting and maintaining tenants and maintaining positive cash flow.
I am aware of other contributing factors in making the property positively geared, my primary concern being which property type is a preferred home for people of the gold coast
There are too many variables to make an answer sensible and of course your risk profile and other financial objectives make for a totally separate topic of conversation.
In simple terms Units tend to have slightly higher expenses due to the body corporate element and tend to grow at a lesser level having a smaller land content. In saying this the lack of maintenance in a unit makes it an attractive proposition for investors.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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