Join Australia's most dynamic and respected property investment community

statistics - where do townhouses fit in ?

Discussion in 'Property Market Economics' started by Logan, 20th Jun, 2015.

  1. Logan

    Logan Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    Evening SS'ers, sorry property chat people - just wondering what the consensus is about where town houses fit into statistics - are they houses or units ?
     
  2. Arashi87

    Arashi87 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    101
    Location:
    Sydney
    I believe anything contains strata are part of units? Correct me if wrong.
     
  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,101
    Location:
    Sydney & Adelaide
    Units
     
  4. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    572
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Depending upon which state's stats you are viewing, some states umbrella flats, villa's apartments under 'Units', and some states list townhouses separately.
     
  5. devank

    devank Look, lets just get on with this, ok? Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    724
    Location:
    Inner West - Sydney
    I thought town-houses, duplexes & villas come under 'houses' in property statistics. This is one of the reason the 'median' for a house price may look a bit lower than the reality.

    In government (NSW), generally, anything under strata comes under 'Multi Dwelling'.
     
  6. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    Logan,

    Good Video on the subject..know what you are buying in that state!!

     
  7. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    572
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Yes there are differences between the states.
     
  8. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    941
    Location:
    Sydney
    Excuse my ignorance, but on the plans for townhouses why do they call it all units?
     
  9. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    572
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Probably because that's what they umbrella it under in your jurisdiction.
     
  10. Logan

    Logan Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    thanks for the replies - I can now see why some median prices are so low (700ks) when I know houses in that area sell for over 1.2m, even vacant land is over 1m
     
  11. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    941
    Location:
    Sydney
    I think one of the long term posters had a post in SS about how he ultised buying townhouses as part of his investment plans. Sorry can't find it
     
  12. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    572
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    We purchased villas and townhouses.
     
  13. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    941
    Location:
    Sydney
    Could have been your article Rixter. A long article about your property journey through the acquisition of villas and townhouses?
     
  14. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    572
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Yes could be the one...I also had a couple of links at the bottom of the post titled We've done it & We've done it again that listed IP's we purchased in Brisbane & Sydney.
     
  15. Logan

    Logan Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    @Rixter did you find town houses to be significantly cheaper than houses in terms of land tax ? How did they calculate the land tax ? i.e. is there a value for the total site and then they just divided it be the actual proportion of land your town house was on ?
     
  16. Dinamo

    Dinamo New Member

    Joined:
    30th Jun, 2015
    Posts:
    1
    Location:
    Sydney, NSW
    Hi guys,

    Reviving this thread. Just want to understand which states classify townhouses/villas as houses and which as units? Personally, I'm interested in Qld (Brisbane), but could be handy for others if there was a table for all states. How do we go about finding out which jurisdictions classify townhouses as Units/Houses?

    Thanks!