If you're looking to secure real estate in Darwin for investment, chances are you're wondering if you should pick a house or unit. Both types of properties have their pros and cons, but ultimately you'll need to find a dwelling that best suits your long term needs.
Whether you're looking to make an investment for retirement or to secure a second source of income, it's important to find a property that will not just be easy to own, but will provide a good return, too.
Units and apartments are easy additions to make to investment portfolios, as the buildings themselves do not require much maintenance. These types of dwellings don't usually come with land and gardens that need to be mowed by owner or tenant, which means one less thing to worry about.
Strong rental yields
Units and apartments in Darwin currently possess a higher gross rental yield than houses do. According to figures from Australian Property Monitors, yields for units in Darwin increased by 1.7 per cent over the 12 months to December 2013. Over the same period, houses experienced a decrease of -4.3 per cent, which could be due to large rises in prices for these properties.