Over the past few years, we have seen a common trend of first home buyers starting their property journey with a unit, rather than a house. The numbers speak for themselves in our office. In the past 3 years, we have seen first home buyers making up 20 percent of all our property sales, but they have secured 80 percent of all our unit sales. With our current units for sale, we see high enquiry rates and interest from these types of buyers. The important question is though, what makes units the preferred choice for purchasing your first home? Below are a few factors that contribute to the selling point of units compared to houses.

Units can be the more affordable option for those looking to buy. When purchasing a unit there is less to save for the deposit, which makes becoming a property owner less daunting. It can also be an investment towards your future if you’re looking to build a property portfolio or perhaps when your family grows, you can lease the property to generate cash flow. Not to mention, living in a unit space can cost you less when it comes to your utility bills.

Location, location, location.
Purchasing a property comes down to where you want to be. If you want to be in close proximity to the shops, transport and parks without breaking the bank, purchasing a unit can be a great alternative.

Easy Maintenance
With a smaller space comes less maintenance to worry about. There is less floor space to clean, while cleaning gutters, mowing lawns and other chores can become a thing of the past. Minimalist living is to be embraced when living in a unit.

In our area, we are seeing a large number of first home buyers driving demand, in particular for units. If you’re looking to sell and put your property on the market as you want to upsize, this is a perfect opportunity. Get in touch with our team and we will help you make an informed decision regarding your property journey.

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