Hi All -
I wanted to understand what everyone currently thinks of units as an investment. By units, I am more referring to the older brick style of connected units (for example, a 2 by 2 bedroom unit or 3 by 2 bedroom unit). I'm looking for a comparative analysis against the alternative which for most investors is the 3/4 bedroom house which has potential to add value.
My questions for discussion are:
That's all for now - thanks everyone!
Natetrade
I wanted to understand what everyone currently thinks of units as an investment. By units, I am more referring to the older brick style of connected units (for example, a 2 by 2 bedroom unit or 3 by 2 bedroom unit). I'm looking for a comparative analysis against the alternative which for most investors is the 3/4 bedroom house which has potential to add value.
My questions for discussion are:
- How has past capital value tracked with units vs houses. Is the fact that houses are typically on more land than the equivalent priced unit complex indicative of higher historic capital growth?
- I assume diversity of revenue source is a major advantage for units (esp the more units per title you get)???
- Is the ability to add value to units limited c/f houses? Two examples: How common is it to be able to convert a 2 bedroom unit to a 3 bedroom? How common is it to get excess land that can be developed with a unit complex?
- I'm priced out of the Auckland market but looking at units in Hamilton and Palmerston North - anyone invested in units in these places? General feedback?
- Also, what type of yields are investors getting from units over the past 12 months?
- Are new units worth investing in c/f older style units? The price point seems too high for me to make it worthwhile.
That's all for now - thanks everyone!
Natetrade
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