This one has probably been raised before.
I had a search but couldn't find anything.
What's the disadvantages of having houses compared to units / townhouses for I.P.'s Eg,Units/townhouses have Strata levies etc.
I believe it does not really matter which type of property you choose as long as the fundamentals are in place.
Location, position, high land value content, desirable and unique features to name just a few.
I have a problem with buying individual units as I am a control freak, I cant handle the price of my unit being dictated by what the guy next door is selling for. I prefer to buy in whole blocks. horses for courses?
I have to say that personally I prefer units as they are a lower priced entry into the market and there are always people who are willing to lease units as opposed to houses, having said that though, I agree with TW in that the value is determined by the bloke next door.
Houses are good for the land component and the future redevelopment of that land, but alot of tenants don't like maintaining gardens and the like.