Where To Invest? House or Unit?

 

This question has been around the property market for years now. Every property investor has their own opinion on which will be a better property investment.

There has been a lot of outdated information and notions regarding which type of property should you invest in, but let us take into consideration that in time, the lifestyle of the people and the community will always change and adapt which means we should always have an open mind regarding the topic and take into consideration new information.

We’ve all received advice from different people which generally direct us to invest in a house rather than a unit like, “Get a house, it’s the better option” or the “Avoid old houses and buy a brand new one.” and the “Invest in a house, the appreciation is better because the true value is the land.” but upon closer research and study, this is not entirely true. According to a study done by the Australian Bureau of Statistics, from the year 1986 to 2011, the rate of single households increased by 5 per cent, while family households decreased by 6 per cent. This data shows us that the trend lately has been leaning towards units compared to houses but this alone is not concrete evidence that units are the more sought-after properties lately. It will still go down to the basic concept of supply and demand. Some suburbs which are more laid back near the coast for example might have a higher demand for houses because of the location, while busy suburbs where there are lots of corporate offices will be a better market for units. There is no clear winner in this debate of House vs. Units.

In the end, for you to be successful in your investment, you need to study what type of property fits your investment strategy and taking into account variable factors such as supply and demand, location and your prospect renters and buyers.

 

 

Landlord
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Where To Invest? House or Unit?