Which property: House vs Units

Font size :
The simplest decisions of purchasing a home can often turn out to be the hardest. “Should I buy a house, should I buy a unit, should I buy a house” will run through your mind a thousand times before you realise one option is more appropriate than the other.
 
Whilst an inner city unit may be what investors or young professionals are searching for, families and owner-occupiers may be planning another kettle of fish. Today though, many Australian borrowers are harshly coming to terms with the fact that their ‘kettle of fish’ will stretch them to their limits and other options must be considered.
 
A combination of 12 year high interest rates, lack of residential supply and worsening affordability have now forced growing families into smaller dwellings and away from the areas they planned to live.
 
“It is a fact that generation wide, today’s would-be first home buyers feel priced out of the market for houses in well located areas. So obviously they’re exhibiting preference for apartments and especially those close to the city,” explains Michael McNamara, general manager, Australian Property Monitors.
 
To read the full article, check out the latest issue of Your Mortgage Magazine out on sale now.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Saturday, Sep 23, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords