Depends what you are aiming for. If you want appreciation in value, get a house. The land appreciates in value. Sell and make money. An apartment is good for rental return, but will not appreciate as much as a house as it doesn't have much land.
Fabulous video. Let’s talk Parramatta. They are building so many more high rises. More supply of units is coming through. Not good for any unit owner and potential unit buyer. Parramatta will never be a desirable area. Most private businesses have left because staff didn’t like going there and they resigned. Transport into Parramatta is woeful and slow if you don’t live in the west or central west of Sydney. From the east, parts of the inner west, north, south, it takes a long time to commute. People look for jobs into the Sydney CBD. Unfortunately some government departments have moved to Parramatta because private businesses won’t. Would any CEO, senior manager, etc commute between Vaucluse/Mosman/Balmain into Parramatta? No, of course not. The area has had dozens of restaurants and cafes close. It’s a ghost town. I’d like to know how those working at the ABC feel after they’ve been forcibly moved from Ultimo to Parramatta. As Ravi says, area is important and opportunities to build more even more so.
Buy an apartment around expensive suburbs, areas that people have good reputation😃 because it will definitely grow in value even if the market is falling down.
What about townhouses?
Depends what you are aiming for. If you want appreciation in value, get a house. The land appreciates in value. Sell and make money.
An apartment is good for rental return, but will not appreciate as much as a house as it doesn't have much land.
Land size is generally where the money is. Unit to land ratio is much less than a house.
Depends on the location, have a look at properties around CQ units are pretty much the same price as 500m2 house and land sales.
House at Lithgow 350 000
Or
Unit at rushcutters bay 350 000
I don’t think there are units at rushies for $350k. If there are, tell me! I’m buying. :)
Strata fees!??
Hi Ravi, loving you videos.
Are you a Qualified Property Investment Advisor and a member of Property Investment Professionals of Australia?
Thank you! Nope, not a legal requirement however have all the licences required to be a class 1 agent 🫡
Thanks for your prompt reply, keep up the great content
Hi
Hi! 👋
Fabulous video. Let’s talk Parramatta. They are building so many more high rises. More supply of units is coming through. Not good for any unit owner and potential unit buyer.
Parramatta will never be a desirable area. Most private businesses have left because staff didn’t like going there and they resigned.
Transport into Parramatta is woeful and slow if you don’t live in the west or central west of Sydney. From the east, parts of the inner west, north, south, it takes a long time to commute. People look for jobs into the Sydney CBD.
Unfortunately some government departments have moved to Parramatta because private businesses won’t. Would any CEO, senior manager, etc commute between Vaucluse/Mosman/Balmain into Parramatta? No, of course not.
The area has had dozens of restaurants and cafes close. It’s a ghost town.
I’d like to know how those working at the ABC feel after they’ve been forcibly moved from Ultimo to Parramatta.
As Ravi says, area is important and opportunities to build more even more so.
Buy an apartment around expensive suburbs, areas that people have good reputation😃 because it will definitely grow in value even if the market is falling down.
You have absolutely no idea, please don't write stuff like that, because someone may take it seriously.
@@clavero87 as they always say, “do due diligence first, before investing a large amount of money”.
Buy an expensive $1.7 million 3 bedroom near the city, yeah as if anyone can do that.