Apartments vs Houses: What's a better investment
Apartments versus houses: What’s a better investment?
Thinking of buying a new investment? When it comes to property, both houses and apartments can make fine portfolio pieces. As with any investment, it’s the numbers that need to add up first – not the property’s status as an apartment or a standalone residence.
Whether you’re buying rurally or in a hotly-contested suburb –make sure that your rental income makes that investment manageable, that capital growth will be delivered and that body corporate fees are reasonable. Word to the wise: capital growth and your ability to hold onto the property should be key considerations.
Think carefully about investments that are too far from essential services and be cautious about off-the-plan apartments with exorbitant body corporate fees: both these situations limit your potential returns.– making any small weekly savings from a lower service fee negligible.