Home Ownership and Investment Ownership are changing in Australia. With the rising land costs and House costs, many are moving from the typical House and Land Residence to Terrace Houses and Townhouses. In some cases, older people choose the single-level option of Terraces or Villas. This change is causing the popularity and price of Townhouses to grow.

2 level Townhouses

A townhouse is a multi-level building created to resemble a conventional home on a strata title. A single-level option is called a villa. However, these are rare as the land cost is at least twice that of a townhouse. A townhouse or villa implies that you have the house; however, you share the land and common walls with other owners.

Townhouses are a fantastic option for singles, couples, households or downsizers, provided they typically have a comparable quantity of space as a house but have significantly fewer upkeep needs. Unlike in years gone by, luxury townhouses now have two-car garages, multiple living areas and great shared features like swimming pools and community gardens.

They will generally come with some exterior space, varying from a small rear yard to a larger side yard.
As a townhouse, they will attract a Body Corp and fees, similar to an apartment or unit. However, in current times, some small housing estates attract a Body corp.

Pros

Area: Townhouses are often two or three-storeys and have even more room than a house.
Modern services: Due to the recent boom in Townhouse buildings, many homes have modern conveniences like ensuites and open-plan floorplans. Other features include keyless entry and parking.
Privacy: Townhouses are designed to make the interior feel private and secure, similar to a typical home.
Minimal flexibility: you are bound by the Body Corp bylaws, but these tend to be less restrictive than apartment buildings. And in any case, they are designed to help you maintain and grow your property value.
Price: Townhouses are less expensive than houses.
Place: getting a townhouse closer to the city or beach, or in an affordable property market is more affordable than purchasing a home.

Cons

Area: In older townhouses, it is much less area than in a house in the same suburb. But modern Townhouses are comparable in terms of internal area.
Rates: Generally cheaper than a home.
Shared title: you are on a strata system.
No originality: Townhouses frequently have the same layout and style as the adjoining buildings and tend to lack imagination.
Privacy: you have less private space than in a house and commonly share walls with your neighbours.
Land: smaller-sized yards, but easy to maintain.
Stairs: Townhouses generally extend 2 to 3 storeys, which may not be appropriate for senior or impaired residents. In these cases, you should look at a terrace or villa.
Resale worth: Townhouses typically experience less capital growth than a residence, about like an apartment, but the cost is less in the same area.
Outward appearance: as a Body corp covers the complex. You can not go changing the outward appearance. But this works for you as well. You won’t have a neighbour painting their house bright pink and detracting from your value.
Body Corp Fees: These are additional, but also they do include building insurance and external maintenance (something you need to pay on the house).

Things to think about before choosing a residential Townhouse.

When choosing between a home, Townhouse or apartment, there are a few aspects to think of when it pertains to investing:

What can you afford?
How big are your family members?
Will you need to upsize or downsize in the future, spending more on transaction expenses?
Do you have family pets that call for outdoor space?
Do you wish to entertain outside?
Is a garage essential?
Would certainly you such as to remodel?
Do you like living near to your neighbours?
Do you mind sharing facilities?
Do you know what a strata scheme is, and is it something you would certainly be willing to handle?
Do you mind paying body corp fees?

We continually have new townhouse developments in Brisbane north, and new townhouse developments in Brisbane south