Whether it’s your first property, or you’re looking to expand your existing investment portfolio, it’s always important to decide whether to purchase an apartment vs house. While both have their pros and cons, recent trends in the property market suggest that buying quality brand-new apartments may be the wiser and more beneficial choice. We’ve put together some key points to consider when it comes to purchasing a property and making the right decision for you. Affordability of Apartments vs Houses Affordability is arguably one of the most significant factors when it comes to choosing a property. As a general rule, apartments are cheaper than houses and are therefore in easier reach financially for most people. Buying an apartment may also allow you to consider a much wider selection of potential suburbs to purchase in. In June 2021, the median cost of a house in Sydney sat at $1,224,613, while the median apartment price was $794,193 – the largest price...
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