Wednesday, August 26, 2009

Property tip: quality units can outperform houses

There's a real estate myth that houses out-perform units over the long term because land values increase while building values depreciate. As Australia's capital cities have become more expensive, units are starting to outperform houses for short term price growth. This is because units are more affordable and as houses become out-of-reach for the majority of people, buyers snap up units which pushes up the values of units more quickly than the values of houses. 

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