All Topics / Help Needed! / 4 Bedroom Townhouses

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  • Profile photo of BokoBoko
    Participant
    @boko
    Join Date: 2014
    Post Count: 2

    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?.

    Profile photo of michael@propertunitybuyersagents[email protected]
    Participant
    @michaelpickham
    Join Date: 2014
    Post Count: 6

    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

    [email protected] | Propertunity Buyers Agents
    http://www.propertunity.com.au/
    Email Me | Phone Me

    Real Estate Buyers Agent for Sydney & Central Coast

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    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 Me

    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

Viewing 3 posts - 1 through 3 (of 3 total)

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