On a Budget? Have You Considered a Unit?

Find a property

For Sale For Rent
Type:
Price Range:
Bedrooms:
Suburb:

On a Budget? Have You Considered a Unit?

Apartments and units could be more affordable options for Perth home buyers on a budget as Perth recorded the highest percentage (36 per cent) of units sold below the average borrowing power of $324,444 in the past year.

The unit market can offer several suitable options for first-time or price-sensitive investors, as there are fewer units than houses and, in most instances, units can offer much more affordable purchase options as well as possibly allowing buyers the opportunity to live within a location where a house may be out of their reach financially.

It is also possible that for investors, units can generally provide a more attractive rental yield.

In comparison to unit sales, recent data found only 11.8 per cent of houses sold in Perth in the past 12 months were below the average borrowing power.

If buyers are willing to sacrifice the dream of owning a block of land and house, they can greatly improve their purchasing options and will likely be able to own in much more desirable locations.