All Topics / Help Needed! / First Home – Unit Vs House for Equity Growth

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  • Profile photo of AnkurAnkur
    Join Date: 2018
    Post Count: 1


    I’m first home buyer and in Big Delimma over Unit Vs House.

    In my budget, Im able to secure a 3 Bed Unit in Good Suburb(Hornsby Sydney) including Good Schools and Close to Shops, Public Tranport and Office. In the Same Budget I’m able to secure 3 Bed House in far Subrub(Quakers Hill Sydney) which has Avg Schools, bit far from Public Transport, Shops etc.

    While its a life style decision, however which option is more like to grow in terms of Equity. Whats the best way to determine the same. Reason is that I’m looking for buy another property as Investment one down the line in a year or so.


    • This topic was modified 1 year, 7 months ago by Profile photo of Ankur Ankur.
    Profile photo of TerrywTerryw
    Join Date: 2001
    Post Count: 16,213

    Its just a question of which will grow faster?

    You will need to make some educated guesses.
    Can you add value to the house that you can’t to the unit – granny flat potential, extension, converting room into bedroom etc.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide)

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