November 25, 2021 7:36 pm

Natalie Hatton
Real estate can be a tricky world to navigate, there are so many new words and things to understand. One of those things is property types. So what types of real estate properties are there?
Unit

A unit or a flat is a property where there may be several levels of properties in a complex. Generally older style with no common facilities (ie pool, gym etc)

Apartment

Modern style property that may have a lift for access to the floor. Some apartment complexes may have facilities like a gym, sauna, common lounges, pools. Strata fees will be higher as you need to pay for maintenance and upkeep of the facilities.

Villa

Single level property in group of properties 3 or more

Townhouse

Multiple level townhouse in a group of properties 3 or more

Terrace

Adjoining walls/roof can be either a strata-titled property or green titled property.

House

A detached dwelling that could be on a green title, strata title or survey strata title

Duplex

Attached dwelling that could share roof, walls driveway. Generally, an older style strata plan that can be upgraded to add future value.


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