澳洲Australia property Units/Apartments or Houses ? | Sydney


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


What makes a better investment ?

A house

or

A unit/apartment (such as in a block of units/apartments)

How about "serviced apartments" with a long term lease in place ?  

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Hi fasteddie,

What does your research tell you?

What are your views on each as an investment?

Regards,
M&M  

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fasteddie said: ↑
What makes a better investment ?Click to expand...
Depends on how one defines "better investment".

The Y-man  

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Houses for capital growth

serviced apartments for cash flow.

depends what you are looking for and as others said, how you define "better investment"  

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ALL our money in real estate has been made by capital appreciation by the way, not cash flow :)  

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fasteddie said: ↑
What makes a better investment ?

A house

or

A unit/apartment (such as in a block of units/apartments)

How about "serviced apartments" with a long term lease in place ?Click to expand...
Always comes back to one simple item,the "LAND",not what is sitting above it..willair..  

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Personally I'd be buying a house, waiting a bit, knocking it down and *building* units :) Or at least a duplex. Same general idea anyway.  

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All my IPs are units, and I've had some good capital growth and the portfolio is now cashflow positive also.

Horses for courses.  

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Location... ?

Are you talking about buying a 3 bedroom house on a big block inner city for $2M vs. an apartment for $400K in the same suburb? Or are you talking about having a $400K budget, and then what do you buy? If so (which is normally what people do), I'm betting the inner city apartment with almost no land will do better than a property 50km from the CBD on an acre for the same price. :rolleyes:

(this is assuming by better investment, you are talking about capital growth)  

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Suburbian house vs surbarbian unit ? (same price)

City house vs city unit ? (same price)

Someone told me that with units they only depreciate as they get old, and you also got body corporate fees to pay. This same person told me that with a house on a piece of land, you also own the land as well, not just the buiding, and the value of the land always goes up.  

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fasteddie said: ↑
Someone told me that with units they only depreciate as they get old, and you also got body corporate fees to pay. This same person told me that with a house on a piece of land, you also own the land as well, not just the buiding, and the value of the land always goes up.Click to expand...
I have a city apartment which has gone up 35% in about 19 months, and a suburban house (40km from CBD) on 650sqm which has gone up about 17% in about 15 months. Give me the one with hardly any land any day of those two choices. Body corporate fees $2,000 p.a. yes, but it's my PPOR so I don't mind paying that, which covers my building insurance, nicely maintained gardens, use of pool and gym. Although the building is 8 years old, but I wouldn't pay a premium to buy a brand new apartment or a brand new house.

I don't think much of the land vs. apartment debate, I think location is more important for capital growth.  

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If you’re just starting out as an investor and don’t have much capital go apartment or if you can a townhouse with a court yard. How does that saying go again?... oh yeah, location, location, location.

Basically I agree with what Biggles said.  

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Biggles said: ↑
I don't think much of the land vs. apartment debate, I think location is more important for capital growth.Click to expand...
Agreed, especially when you can pick the suburbs that are 'due' for a value increase.

The old rule of land appreciates but buildings depreciate is ok, but there are too many exceptions for it to be relied upon without some thought being applied. My PPOR, for example, is probably worth considerably more than when it was built 8 years ago, even without the change in land value, and taking inflation into account.  

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Gains are so weird.

I got my new council rates notice today - the gains on this house have been frightening. We bought it almost exactly two years ago for $65,000, a completely run down house on 1350sqm, with a council valuation of $90,000.

Now the land is about 600sqm the council valuation is $120,000, which is a far lower valuation than similar houses are selling for. Wonder what the bank will value it at at the end of the year ...

I still wouldn't mind building a duplex but I have no idea how we'd fund it :confused:  

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fasteddie said: ↑
What makes a better investment ?

A house

or

A unit/apartment (such as in a block of units/apartments)

How about "serviced apartments" with a long term lease in place ?Click to expand...
a friend of mine rents his house for $2000 pw the house is valuded at $2.5mil. on the other hand 2bdr units in my area sell for around $630 k and rent for 600- 630 pw  

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