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Balmoral, Bulimba, Hawthorne is an area I'd prefer to buy a unit vs house. Buy in price for a house is probably $750k vs $375k for a 70's, 80's style two bed brick unit. Gross yield for the house 3% vs 5.5% for the unit. Then considering rates, insurance, maintenance, and land tax if req'd vs...

I would favour the older style unit for a few reasons. - You pay a premium for otp brand new, which in my opinion is more than the FHOG. - Depreciation can be great for cashflow, but it's a double edge sword. When it comes time to sell it gets reduced from your cost base and greatly...