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#EveryoneNeedsaPlan When Choosing to Buy a House or Unit
Posted by G. Dean McKinnon
on 1 March 2022
With the housing market going berserk over the last year so, it is quite difficult to decide whether or not you should buy a house or a unit.
A recent article by CoreLogic highlighted the disparity between growth rate in housing and unit properties over the last 12 months (to January, 2022). The statistics indicate clearly that property growth has outperformed unit growth during that period of time by more than 10%.
Of course, another big factor is affordability. The housing market for first home buyers has become increasingly unaffordable during the last year or so, but unit prices are more reasonable. Perhaps a unit may suit a first home buyer, depending on their financial position.
If you are considering purchasing a property and cannot decide whether a house or a unit would best suit you, I would recommend you seek advice from a qualified professional as there are many variables to consider. GDM has nearly 30 years experience in all things financial (including mortgage loans, property investments, Financial Planning) and so do not hesitate to contact us and arrange your free initial appointment to discuss your requirements in more detail.
A recent article by CoreLogic highlighted the disparity between growth rate in housing and unit properties over the last 12 months (to January, 2022). The statistics indicate clearly that property growth has outperformed unit growth during that period of time by more than 10%.
Of course, another big factor is affordability. The housing market for first home buyers has become increasingly unaffordable during the last year or so, but unit prices are more reasonable. Perhaps a unit may suit a first home buyer, depending on their financial position.
If you are considering purchasing a property and cannot decide whether a house or a unit would best suit you, I would recommend you seek advice from a qualified professional as there are many variables to consider. GDM has nearly 30 years experience in all things financial (including mortgage loans, property investments, Financial Planning) and so do not hesitate to contact us and arrange your free initial appointment to discuss your requirements in more detail.
Author:G. Dean McKinnon
| Tags:Property |
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