Townhouse closer to city or house in outer suburb?

[daz1979h]

Hi,

I've recently been looking at houses in the outer suburbs for my next IP just because of the ripple effect and I've had a few bad experiences with Strata and the fees which come along with having a unit or townhouse.Now I'm starting to think a townhouse closer to the city might make a better investment long term with my budget.
Very confused.What are peoples views on this?
thanks

 

[adz07]

Hi,

I've recently been looking at houses in the outer suburbs for my next IP just because of the ripple effect and I've had a few bad experiences with Strata and the fees which come along with having a unit or townhouse.Now I'm starting to think a townhouse closer to the city might make a better investment long term with my budget.
Very confused.What are peoples views on this?
thanks

Whats your budget? East/west?

New townhouses in Glenroy, Laverton, Deer Park can be had for around 360-400k. All with decent growth prospects.

 

[ej89]

Whats your budget? East/west?

New townhouses in Glenroy, Laverton, Deer Park can be had for around 360-400k. All with decent growth prospects.

Why buy new townhouses for that price when you can buy detached houses cheaper in the same suburbs?

 

[daz1979h]

Yeah I was thinking more like $300k max. As close as I could get to the city I suppose......

 

[adz07]

Why buy new townhouses for that price when you can buy detached houses cheaper in the same suburbs?

Some people want new

 

[Rixter]

If you are looking for good long term CG then I would suggest purchasing in or adjacent to metro area satellite cbd's.

 

[psylence]

I am also in the same boat however budget 450k, should I buy new townhouse in Glenroy/pascoe vale or similar or a house in deer park/cragieburn/broad meadows? I guess new townhouse less maintenance but perhaps a house better for CG growth due to bigger land?

 

[adz07]

I am also in the same boat however budget 450k, should I buy new townhouse in Glenroy/pascoe vale or similar or a house in deer park/cragieburn/broad meadows? I guess new townhouse less maintenance but perhaps a house better for CG growth due to bigger land?

I look for larger block in areas like Deer Park, Laverton, Ardeer etc where you can develop in the future. If you ever develop say 3 properties - 5% CG on 3 properties is more than 7% on one property.