When it comes to investing, careful study must be made in order to get the best returns for one’s money like an employment firm does. Whether you are trading in stocks, currencies or commodities or investing in real property, it is essential to study how the market works and determine which assets yield the best results through the help of Myrp.com.au.
Rental of property is a good way to supplement one’s income and has become a popular way of investing in the property market. The question most prospective investors ask is whether they should invest in a unit or in a house. A good way to determine the best property type to invest in is to look at sold real estate.
In Australia, across its major cities, units are more popular among property investors. In fact, more than half of units and apartments in the country are owned by investors. On the other hand, only a little over 21% of detached houses are owned by investors. Across the capital cities, this trend remains consistent. For example, about 70% of units in Darwin and Brisbane are owned by investors.
One of the major reasons property investors are opting for units and apartments instead of detached houses is the price point. Compared to detached homes, units and apartments are considerably priced much lower. On average, units and apartments are 12% lower in price as compared to houses.
Another major reason why investors choose units and apartments over houses is the rental yield. Across the country, units and apartments have an average yield close to 5% while houses have an average yield of a little more than 4%.
It is also worth considering that most units and apartments out in the market are built in locations that are attractive both for renters and prospective owners. What makes an attractive location? It can be that the property is close to retail amenities or to major working nodes. Another factor to consider is the proximity of transport networks that allow residents to travel to and fro much easier. As the old adage in property investment says, the important thing in finding a property to invest in is location, location, location.
As an investor, it is important to be aware of these trends in order to see what works and what does not. This does not necessarily mean that one must blindly follow trends. Rather, these should serve as a guide as to how the market plays out and in turn, guide the investor in making wise decisions. In particular, the preference of investors for units and apartments should not hinder an investor from purchasing a detached home if it will provide good returns.