Property Investment Tips: The benefits of units

By the resi financial blog team, 25 February 2014

Investing in units

When it comes to purchasing investment properties, one of the main questions that first-timers often ask is about the type of properties they should be looking into. In Australia, the two most popular real estate investment types are detached homes and units. 

Both property types have their benefits, but the easiest one for first-time investors to successfully see results from could be from apartments. There are a number of reasons for this, which could make the experience far more enjoyable and stress-free for the buyer. 

Lower maintenance

As a first-time investor, it can be difficult to wrap your head around the concept of being a landlord. Being solely responsible for the upkeep of a property is a huge responsibility, something that can often take newcomers by surprise. 

Understandably, investing in an apartment means there will still be things to take care of. But there are significantly less factors to worry about, especially when compared to houses. For one, there are no lawns or gardens to maintain.

Properties need to be taken care of between tenants. This means checking into your investment home and taking care of the housekeeping in order to keep the property respectable and attract the attention of potential renters. Apartments are significantly easier to take care of, which could suit new investors a lot more - especially those still wrapping their heads around their responsibilities. 

High tenancy demand

If you're smart about purchasing your investment apartment and secure one in a capital city, you could be in a great position to earn a decent return from your real estate.

This is because, with the expected population boom heading towards Australia's metropolitan areas over the next few years, there will be no shortage of people looking for accommodation in central business district areas.

Categories: Home Loans, Property Investment