Whatare you? Are you looking for regular long-term income, or do you plan to renovate and ‘flip’ the property as soon as you can?
A house generally offers higher capital growth, due to the land component of the property. There’s also more potential for. Units, on the other hand, tend to offer higher rental yields so they are more favourable from a cashflow perspective. Their lower price point may allow you to build a diversified property portfolio more quickly.
Older units in smaller blocks might offer better value than swanky new apartments in skyscrapers. You’re less likely to pay ongoing levies for amenities such as gyms, concierges and heated swimming pools; your voice will be louder inmeetings. It’s also easier to find new tenants if there aren’t 20 other vacant properties in the same location.