hi everyone , I was just wondering if anyone could give me some advice on capital growth on townhouses? ie I am looking at purchasing a townhouse around the Cheltenham area in Melbourne , I am thinking long term would I better of buying a house further out for the same amount of money , Would I expect to get the same capital growth buying a townhouse which is closer to the city or buy a house with a bit of land and buy further out ,any advice would be gratly appreciated , many thanx Hal
Hi Hal,
It depends on how far is 'further out'. Cheltanham is a good suburb and a townhouse there should do well.thanx Nelson , I was going to put an offer on a townhouse today , but someone beat me to it , oh well will have to keep hunting
Normally, a town house would be cheaper to run, and attract a higher rent (if closer to the city). A house would have a higher capital growth due to the land content, remember land appreciates, building depreciates… Happy investing
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