Flats outperform houses for investors
Units have been achieving better value capital growth for property investors than houses according to an analysis undertaken by research analyst rpdata Cameron Kusher. Throughout individual capital city markets, the growth in the value of units has outperformed houses within Sydney, Brisbane, Perth and Darwin over the last 12 months. Of all the capital city markets, Hobart has the most affordable units with a median price of $254,250 and Sydney the most expensive with a median of $450,000.
Mr Kusher said that historically, houses did experience a much more rapid appreciation in value than the growth recorded by units over the past ten years. Despite the positive factors for owning a house, units over the last five years recorded average annual value growth of 7.4 per cent compared to 7.1 per cent for houses.