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?
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?
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.