When it comes to purchasing investment Caboolture real estate, there are a lot of questions that need to be answered – especially if you're a first time investor. However, the first thing that needs to be addressed is the choice between an apartment and a house.
Apartments tend to be cheaper than houses, with a data from the Australian Property Monitors stating the median price for units in Queensland over the last 12 months to September was $366,000. Detached houses over the same period recorded a median price of $430,000. However, figuring out what property type works best for your investment needs can help set the trend of your entire portfolio's development.
For example, apartments tend to perform better as a means for rental income, due to the high demand for medium-density accommodation. If you buy in the middle of a busy suburb or in the central business district, you'll never be wanting for tenants – there will always be people looking to live and work in the area.
On the other hand, detached homes can be better suited for capital gains growth and long term tenancy. These are the slow burners that will accumulate value over time and offer great returns on their eventual sale in the future.
Weighing these differences up and speaking with a professional real estate agent about the best avenue for you to follow is a great way to help build the strongest property portfolio possible.