Wednesday, June 13th, 2012 - Toop Real Estate Group
Adelaide, SA:  Recent statistics released by RP Data have suggested that buying a unit may be a smarter option when purchasing property for the first time, reports Episode 129 of Toop TV.

For those looking to make their first purchase in the property market, have you ever considered buying a unit?

The latest episode of Toop TV presents the recent statistics from RP Data which show the advantages of buying a unit over a detached house:

1. Unit values are going up where over the month of May capital city unit prices increased by 1% while house values fell by -1.8%.

2. They are more resilient to current market conditions as while unit values fell over the past year by -1.5%, detached house prices fell substantially more by -5.8%.

3. Their prices increase at a faster rate where over the past five years, capital city unit values increased by 4.2%, compared to detached house values growing by over 2.5% each year.

4. Units are much more affordable to buy where the Adelaide median price is $68,000 cheaper than that of the median house price.

5. From an investment perspective, rental yields are typically stronger for units than they are for houses.

Tim Thredgold of leading South Australian real estate agency Toop & Toop, said that “over the years living in units has become more acceptable as they are resilient to value falls, are more affordable and are located close to a number of amenities including transport infrastructure.”

RP Data’s Senior Research Analyst Cameron Kusher believes the popularity of unit living will only continue to grow as buyers become increasingly conscious of location and cost.

Also on Episode 129 of Toop TV:

- Live in the studio, Nathan Paine – SA Executive Director of the Property Council of Australia

- See inside one of South Australia’s Finest properties at 196 Newman Road, Charleston

- Also take a look at 6 Kintore Avenue, Hazelwood Park and 28 Paddington Avenue, Northgate

To view the complete episode live today, Wednesday 13 June, log onto www.toop.tv at 1pm. All past episodes also available online.

File Library

Contact Profile

Toop Real Estate Group



South Australia’s largest independent residential real estate agency and the most highly awarded in the nation was founded by Anthony Toop. It has become a national icon in marketing and selling in the residential real estate industry having won National Real Estate Agency of the Year in 2007 and is the only real estate agency in the industry’s REISA Hall of Fame. Toop&Toop is also the only real estate agency in the Family Business Association Hall of Fame as an iconic business in South Australia. Founded by Anthony in 1985 has won virtually every major state and national business award since 1993 - and has received recognition both nationally and internationally for achievements in business excellence. In April 2009 Anthony was recognized nationally by the Real Estate Institute of Australia by receiving the nations “Community Service Award” for work done with charities and with the Community. He also received the Young Presidents Organization (YPO) Long Life Leadership regional recognition in December 2008 the “Legacy Honour 2008”.
Tim Thredgold
P: 08 8362 8888
M: 0418 817 407
W: www.toop.com.au

Keywords

Recent statistics released by RP Data have suggested that buying a unit may be a smarter option when purchasing property for the first time, reports Episode 129 of Toop TV.

Categories

Sharing

More Formats