Advantages
Houses have greater potential to grow in value
Can accommodate any type of buyer such as families or singles.
Often located in suburban areas
Larger internal and external living spaces
Can have lots of scope to improve the value and appeal of the property through renovations, additions and landscaping
Disadvantages
Houses are more expensive than units
Maintenance and repair costs are your responsibility and may be more costly
Council rates can be higher for houses
Houses may have higher insurance premiums due to size and security requirements.
What is changing? On 24 October 2024 the NSW Parliament passed the Residential Tenancies Amendment Bill 2024. The legislation is now the Residential Tenancies Amendment Act 2024 (the Act). The Act delivers on the NSW Government’s commitment to improve rental laws to support renters, landlords and the community. It sets up better renting … Read more
We are getting close but unfortunately November was not the month for a rate cut. Although inflation is now within the target range, hitting 2.8 per cent last week, the RBA decided to keep rates on hold. Why the hesitation? There are a few reasons. The main one being that … Read more