Houses verse units

From: Steve B


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.
Regards
Steve
 
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Reply: 1
From: Simon and Julie M


Hi Steve
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.
Kind regards
Simon
 
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Reply: 1.1
From: David Brady


Hi Steve,

Be aware that land tax may apply to houses, it is a state tax and varies between states.

In NSW it is 1.7% for over 220K (2002).

Units do not attract this tax.

You may get more capital gains? from land content, though rents tend to be lower than for same priced unit.

A mix of both could be a good strategy.

Regards.

David.
 
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Reply: 1.1.1
From: The Wife


Hi Steve,

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?

TW
 
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Reply: 1.1.1.1
From: Joanna K


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.

Just my opinion.


Kind regards
THE RENTAL SPECIALISTS

JOANNA KARAVASILIS
Principal

[email protected]
www.rentalspecialists.com.au
 
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Reply: 1.1.1.1.1
From: James Hardy


QUESTION: 400k to invest.

Ideas needed on if we should go for a house or unit and either Brisbane or Melbourne.

Do we buy two IP units in Melbourne which would have to be away from inner city or go for one high value unit closer to the city.

Have found a small 2 bedroom unit in a classic block of 4 on a very good street in bayside suburb close to beach, shops and transport which will go for about 350K.

Only problem is it has low rental return $250 p/w but high capital growth. It was 130k about 5yrs ago.

OR Do we buy a quality 'Queenslander' inner city Brisbane?

So many choices and not sure which way to turn.

Regards

James Hardy
 
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