Townhouses are an affordable way for first-time investors and low balance SMSF property investors to break into the market. For the largest part townhouses are a strata-titled investment property option meaning that they are low maintenance as the strata manager will look after lawns, gardens, any other common areas that need tending too, as well as insurance. This does come at a small price with a weekly levy required to ensure these things happen as required.
Desirability
Young families looking for an affordable option, and down sizers looking for a sea change are often the types of tenants who look to rent this type of property. Townhouse developments are often close to schools, shopping centres, public transport and business districts. This means they are in high demand, provide strong rental yields, and are well-positioned for future growth.
Format
Investors can find both single and 2 story townhouse formats. Two story townhouses are commonly seen in densely populated areas where land is more expensive.
This helps to limit the overall footprint of each property, while still affording your tenants all the living space that they expect. Unlike Units, Townhouses often have a good backyard space and an undercover alfresco area for entertainment, kids play equipment and the family dog.
The Property
If you are looking to build your investment property portfolio but are struggling to find a modern property that fits within your price range and is basically ready to rent out, fill in your details below so our team can run through a few questions with you to see if this type of investment property could be the one for you. We often have townhouse options ready for investors to buy and tenants to simply move their belongings in meaning you can start earning rent income right away!
If you’re considering a property purchase and would like some guidance we’d like to hear from you. On a quick phone call we can help determine your current equity position, borrowing capacity, and we can start to discuss potential loan structuring. We can also help you in choosing a property thats going to deliver on your expectations over the long run.
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