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James O. ·

Townhouse or older unit in Brisbane's inner north?

Similar prices: a new townhouse like these, or a 1970s two bedroom unit in a small block with more land per unit. Growth or yield, which would you take?
Row of new townhouses on a quiet street
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4 replies

  1. Mei L. ·

    Small older blocks have a bigger share of land. That usually wins over time. Check the body corporate's sinking fund.

  2. Ahmed H. ·

    New townhouses carry more depreciation, which helps cash flow early. But there's often a lot of similar stock nearby.

  3. Priya S. ·

    I'd check how many similar townhouses are approved in the area. Supply caps growth.

  4. James O. ·

    Good points. Getting the body corporate records for the unit this week.
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