Investors need to look at more than just the home loan products available to them. The type of investments they choose will impact on their success.
Many investors prefer to invest in strata-titled properties rather than freestanding ones. There are plenty of reasons for this, but let’s first examine what a strata-titled property is.
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Explaining Strata-Titled Properties
A strata-titled property is usually part of a larger complex of properties. These properties all share the same building. For example, an apartment may be a strata-titled property. Strata-titled properties can extend from two-floor blocks of residential flats, through to hundreds of units in the same apartment complex.
They differ from freestanding properties because they share their floors, ceilings, and walls with other properties.
You need to consider your own circumstances before choosing between strata and freestanding. A real estate professional can help with this, but there are some basic pros and cons you should keep in mind.
Let’s start with the pros. You benefit from all of the following with a strata investment:
Strata investing isn’t perfect, as there are some downsides you need to keep in mind. Consider the following before committing your funds to them
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