My wife and I are looking to buy our first IP in Sydney for $350K or less but can't decide between a house around the Quakers Hill area or a unit around Rockdale.
Given the following assumptions, would you expect there to be much difference in the holding costs of each?
Assumptions:
- We are planning to do a straight long term buy and hold
- Both properties are around 10 years old and in good condition
- The Strata fees for the unit are around $500 per quarter
- The sinking fund for the block of units is healthy.
Many thanks,
Dave
Given the following assumptions, would you expect there to be much difference in the holding costs of each?
Assumptions:
- We are planning to do a straight long term buy and hold
- Both properties are around 10 years old and in good condition
- The Strata fees for the unit are around $500 per quarter
- The sinking fund for the block of units is healthy.
Many thanks,
Dave