Newly Built Terrace/Townhouses

Discussion in 'What to buy' started by NewToThis123, 6th Sep, 2019.

Join Australia's most dynamic and respected property investment community
  1. NewToThis123

    NewToThis123 Member

    Joined:
    9th Aug, 2019
    Posts:
    23
    Location:
    Stdney
    Hi all,

    Sydney dweller looking for my first PPOR property.

    I know the general consensus for new apartments is to steer clear, but what about newly built terraces or townhouses?

    Would the terraces be a less risky purchase since you are not buying into strata?
     
  2. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,260
    Location:
    Australia
    The risk isnt (only) strata. Its that most of your price goes into the bright and shiny stuff instead of the land, which is the valuable part. Build risks too especially recently.

    Budget and preferred area and size?
     
    Last edited: 6th Sep, 2019
  3. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

    Joined:
    25th May, 2018
    Posts:
    2,407
    Location:
    Sydney
    Generally, with anything new, you will likely get a little less capital growth because a lot of the upside is built into the purchase price. But if it is for your PPOR, that doesn't make it a bad purchase, just to be aware.
     
    Scott No Mates likes this.