Debating Between Buying a House or Unit?

There are plenty of arguments to support both sides of this debate. Some people value space and others prefer something small and easy to manage.

Houses

Overall, houses are more likely to grow in value than units but they require large upfront deposits. Maintenance and repair can cost an arm and a leg and despite being located in suburban areas, they can be victim to higher council rates and insurance premiums.

Units

Units tend to be located in popular and bustling metropolitan areas with good public transport and utility options. They may include shared facilities such as gyms, pools and elevators and whilst they’re more affordable than a house, they may have strict body corporate conditions that limit your freedom with future home improvements.

An important thing to keep in mind is the type of loans you can apply for will vary depending on your decision.