Hi, Is it more profitable to build 2 or 3 x 4 Bedroom Townhouses rather than trying to squeeze 4 x 2 Bedroom Townhouses on a block in Melbourne’s North and Western inner to middle range suburbs ed Niddrie, Airport West, Avondale Heights, Braybrook, Footscray, Newport, Seddon etc? There seems to be less 4 bedroom townhouses being built now, so demand may be exceeding supply. Any thoughts?.
Hi Boko
I’m from Sydney so my Victorian knowledge is not my strong suit, however, in regards to the 3 or 4 bed T/Houses over a 2 bed, I think it would be wiser to go for size and quality of the 3/4 beds. They sell for more, rent for more and majority of buyers prefer a bit of space rather than a closed in feeling. You could certainly attract a premium and go for PPOR ownership who like to pay a bit more for a bit more typically.
Cheers
Michael
michael@propertunitybuyersagents | Propertunity Buyers Agents
http://www.propertunity.com.au/
Email Me | Phone MeReal Estate Buyers Agent for Sydney & Central Coast
Simple answer is – it depends :)
Consideration include the size of the block – the suburb – the cost – town planning regs amongst fifty other considerations….
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
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