Unit vs Townhouse vs House

Discussion in 'Where to Buy' started by Sam Yue, 19th Dec, 2013.

  1. Sam Yue

    Sam Yue Member

    Joined:
    19th Dec, 2013
    Messages:
    49
    Location:
    Sydney, NSW
    Hi, Everyone,

    I have about 130K cash and I am looking to buy my first interstate IP in Brisbane or Perth. I read the threads in this forum and I found a lot of people buy houses instead of buying unit or town house.

    My question is: why do so many people buy houses at a place without a train station? And I wonder, in my situation, which is better to buy among house, town house and unit?
     
  2. D.T.

    D.T. Property Lookerafterer

    Joined:
    4th Feb, 2003
    Messages:
    7,181
    Media:
    6
    Location:
    Perth & Adelaide
    Generally people who live in houses have cars so have less need for a trainstation than people who live in units who often dont have car spaces and are in higher density areas (nearer city). This is a generalization. Everyone's different and so are the demographics of every area.

    Couldn't answer on your situation, since know nothing about you.
     
  3. EN710

    EN710 Member

    Joined:
    10th Dec, 2011
    Messages:
    1,050
    Location:
    Sydney, NSW
    There are millions of reasons why people will buy house not near train station.

    What are you looking for? What's the goal and how you want to get there?
     
  4. redwing

    redwing Progress Not Perfection

    Joined:
    16th Mar, 2004
    Messages:
    8,533
    Media:
    69
    Location:
    WA
    Last time I was on a train you had to pay some guy who came up and down the carriages, took your money, cranked a handle on a machine hanging from his neck and produced a ticket...why the fascination with trains?


    Re: Unit vs Townhouse vs House

    I've owned all 3 and they've made good gains over the long term, I've also seen people make great gains on just one of any of the above.
     
  5. zimby

    zimby Member

    Joined:
    5th Jan, 2010
    Messages:
    494
    Location:
    Brisbane,qld
    Each Have their Differences.
    We've chosen newer Town houses and Units to reduce maintenance costs and upfront capital.
    Also general rent-ability increases as you move towards the city.
     
  6. Sam Yue

    Sam Yue Member

    Joined:
    19th Dec, 2013
    Messages:
    49
    Location:
    Sydney, NSW
    My situation is: I bought a 2br unit in Ashfield 3 years ago. Now I did refinance and also got some money from my mum, so I can bug an IP. If buying an interstate property, I just feel daunting about managing the property with an agency. Especially for buying a house, if a pipe is broken or some big issue happened, I don't want to fly to the another city again and again. I wonder if I buy a house and want to redevelop it later, it is too hard if I am in another city.

    Thanks for sharing your experience and opinions!
     
  7. redwing

    redwing Progress Not Perfection

    Joined:
    16th Mar, 2004
    Messages:
    8,533
    Media:
    69
    Location:
    WA
    Check out some of the stories in my signature link Sam, there's a veritable treasure trove within
     
  8. Sam Yue

    Sam Yue Member

    Joined:
    19th Dec, 2013
    Messages:
    49
    Location:
    Sydney, NSW
    Thank you Redwing! Which link is your signature link? the "Somersoft Property Investor Interviews Thread"? or other link?
     
  9. Sam Yue

    Sam Yue Member

    Joined:
    19th Dec, 2013
    Messages:
    49
    Location:
    Sydney, NSW
    I got it! Redwing, it is the interview forum. Thanks for providing that! I am reading the threads from the last one (Ian Somers Interview) now.

    The following words are quite inspiring:


    "In fact, when Jan and I poured over all the figures, we found that the only thing we had been doing right was buying property. But, when it came to things such as financing and managing them, we had been doing a lot of things wrong (short-term P&I loans etc)."
     
  10. redwing

    redwing Progress Not Perfection

    Joined:
    16th Mar, 2004
    Messages:
    8,533
    Media:
    69
    Location:
    WA
    Yep that one :D