No matter what stage you are at in life, purchasing a new property comes with a number of decisions. Here’s an easy guide to the difference between purchasing a house vs apartment.
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Research: Understand the demand and demographic of the area
Look for an apartment that has scarcity value and is located either on the ground-floor with a courtyard or an upper-level apartment with a beautiful view.
+ Higher rental yields and a lower price point
- Body corporate
- Special levies
You should look for anything in a good position such as a quiet cul-de-sac or close by to a park or a train station.
+ Higher capital growth, due to the land component of the property.
- Land taxes
- Yard maintenance
To chat about purchasing a property contact Red & Co now via our contact form here or phone 1300 88 73 28.