Townhouse within 10KM V.S house over 20 KM budget the same. Which one you may buy?

Hi All,

Just wondering about Townhouse within 10 KM CBD V.S House over 20KM budget similar. Which one you would buy?

That's say townhouse and house condition similar the only difference is the location. Which one you would buy? Just want to find out everyone options?

 

Would depend on a few factors.

- I would look for value for money - how does my purchase stack up against others in the area.

- Rental yield

- vacancy rates. No good having a townhouse close in if there are a million currently up for rent.

Personally, for me, I don't care how far from a cbd it is. I would look at the purchase and ask how am I going to make money from this.

 

Millions of factors to consider, but generally speaking go the townhouse in better position IMO. No matter what you do the one thing you can never change on a property is the location.

 

Generally prefer the house for 2 reasons

- More land, and thats the commodity thats rapidly increasing
- Has scope / ability for future value adding via reno / extension / subdivide

 

Depends on the city.

 

Depends on where - if its brissy (based on your profile) 20km is H&L territory, so a townhouse would be preffered within 10-15km. In Mel/ Syd you are looking at different prices for townhouses within 10-15 km.... and house will be 1m plus easy....



Cheers Ivan

 

It goes without saying, even a townhouse sits on land.

 

A lot less of it, and typically can't do anything with it

 

Go for house if possible!

Just make sure land is big enough and have no restrictions to add value by way of renovation or development!

 

My 2c is that there are strong similaties between the Brisbane and Melbourne cbd's amd surrounds ex logan, Frankston etc. The behaviour of the 2 cities is similar re real estate - whether it's cbd apartments, townhouses, or outer areas H&L. Ofcourse, on a smaller scale in brisbane but the behaviour of the market is similar.
Brisbane is about where meblournewas 8-10 years back in terms of maturity ; I'd look to see what happened there back then and try and position yourself to take advantage of similar behavioural patterns in brisbane.

 

I have some concerns over this, totally different beast ie QLD lower wages, somewhat mining dependent, economies operate differently, industries are different.

There are too many variables so for me I would not presume one will follow the other because its just lagging behind, just my opinion

MTR

 

yup..all true, but not to a significant enough degree to warrant a big difference in behaviour. ie the amount may be different- Brisbane wont have sharp rises like Melbourne has had. The trend will be similar, even though amplitude will be different.

 

Too many variables to give an answer including: investment strategy, timeframe, which city etc.

In Sydney I have apartments ~10km from the city.

In Brisbane, I have a house ~10km from the city (which I will develop townhouses/units on in the future).

 

Any comparison with a house a further 10km out?