Hi
I'm just wondering what's everyone's opinions on buying a house in a street with lots of units? The house I'm considering is directly opposite 2 vacant blocks of land which the REA tells me are going to be developed later this year into about 6-8 units/townhouses on each block. Further down the street on the opposite side to me about a further 8 blocks of about 6-8 units each. That side of the street seems to have bigger blocks of land which are highly sought after by developers.
I'm looking to buying this house and living in it for a few years myself before turning into an IP. I'm not bothered so much by the units as I will only living there for a short while, but I wonder if it would be harder to rent to tenants, or if the value of the house will be affected by the units?
Any opinions welcome.
I'm just wondering what's everyone's opinions on buying a house in a street with lots of units? The house I'm considering is directly opposite 2 vacant blocks of land which the REA tells me are going to be developed later this year into about 6-8 units/townhouses on each block. Further down the street on the opposite side to me about a further 8 blocks of about 6-8 units each. That side of the street seems to have bigger blocks of land which are highly sought after by developers.
I'm looking to buying this house and living in it for a few years myself before turning into an IP. I'm not bothered so much by the units as I will only living there for a short while, but I wonder if it would be harder to rent to tenants, or if the value of the house will be affected by the units?
Any opinions welcome.