Mickleham, a rapidly developing suburb in Melbourne’s north, has become a hot spot for property buyers in recent years. The increasing demand for real estate in this area, thanks to its accessibility, potential for future growth, and relatively affordable prices, has left many buyers wondering: should they go for a house or a townhouse? While both types of properties offer distinct advantages, the decision ultimately depends on your lifestyle, budget, and long-term goals.
At Breco Real Estate, we know the ins and outs of Mickleham’s property market and can help you make an informed decision. Let’s dive into the differences between houses and townhouses in Mickleham, and determine which might be the best buy for you.
Understanding Mickleham’s Property Landscape
Mickleham is part of Melbourne’s expanding northern suburbs, with easy access to major roads and a growing local infrastructure. The area is attracting both first-home buyers and seasoned investors who are keen to capitalise on its future growth. With its mix of rural charm and urban convenience, Mickleham offers something for everyone, but the key question remains: Should you invest in a house or a townhouse?
Houses in Mickleham: More Space, More Freedom
If you’re after more room to move, a house could be the way to go. Houses in Mickleham typically offer larger block sizes, often with front and backyard space. For families, this can mean more room for kids to play, room for pets, or simply space to entertain. There’s also the added benefit of privacy, especially if you’re looking for a standalone property that isn’t attached to other homes.
Advantages of buying a house:
- Space and Privacy: Houses typically offer more space, both inside and outside, providing you with more room for family living, gardening, and outdoor activities. Plus, there’s no shared wall with neighbours.
- Potential for Growth: If you buy a house on a larger block, you might be able to expand or develop the property in the future, whether it’s adding another storey or building a granny flat (subject to council approval).
- Investment Opportunity: Over time, houses on larger blocks tend to appreciate in value more rapidly compared to smaller properties, particularly as demand for land in Melbourne’s northern suburbs continues to rise.
- Lifestyle Flexibility: With your own land, you have the freedom to personalise your property, whether that’s adding a pool, a garden shed, or a bigger garage.
Disadvantages of buying a house:
- Higher Upfront Costs: Houses tend to come with a higher price tag, especially if they’re on larger blocks in sought-after parts of Mickleham. You’ll also need to account for potentially higher ongoing costs like property maintenance and utilities.
- More Maintenance: Larger homes often require more maintenance and upkeep, including mowing lawns, gardening, and repairs.
Townhouses in Mickleham: Modern Living with Less Hassle
Townhouses are becoming increasingly popular in suburban areas like Mickleham due to their low-maintenance, modern living options. They are typically smaller than houses but offer a range of benefits, particularly for buyers who are looking for convenience without compromising on style or quality.
Advantages of buying a townhouse:
- Lower Maintenance: Townhouses usually come with smaller yards and fewer external maintenance requirements. This makes them an ideal choice for busy professionals or downsizers who don’t want to spend weekends on upkeep.
- Modern Features: Most townhouses in Mickleham are designed with modern living in mind, boasting contemporary finishes, open-plan layouts, and energy-efficient features that appeal to today’s buyers.
- Affordable Option: In general, townhouses are more affordable than houses, making them a good option for first-home buyers or those on a tighter budget.
- Security: Many townhouse developments in Mickleham have gated entrances or security features, offering peace of mind to homeowners, particularly if you’re living in a higher-density area.
- Community and Convenience: Living in a townhouse can give you a sense of community, with common areas and sometimes shared amenities like parks or swimming pools. Plus, they’re often located near public transport, shops, and schools.
Disadvantages of buying a townhouse:
- Less Space: Townhouses are typically smaller than houses, and while they offer outdoor space, it’s often limited compared to what you’d get with a house on a larger block.
- Body Corporate Fees: Many townhouses are part of a strata or community title arrangement, meaning you may have to pay body corporate fees to maintain common areas and facilities. These can add to the ongoing costs of ownership.
- Less Privacy: As townhouses are often built in close proximity to one another, you might have less privacy, especially if there are shared walls or tight living arrangements.
Which Is Better for You: House or Townhouse?
Ultimately, the decision between buying a house or a townhouse in Mickleham depends on your priorities and lifestyle.
If you value space, privacy, and the potential for growth, a house might be your best bet. This is particularly true if you’re looking for a long-term investment or if you have a growing family that needs room to move.
On the other hand, if you’re a first-home buyer or looking for a property that requires less upkeep, a townhouse could be more suitable. Townhouses can also be an excellent option for investors seeking a low-maintenance property with good rental returns.
The Impact of Australia’s Property Laws on Your Decision
When buying property in Australia, including Mickleham, there are a few legal considerations to keep in mind. Whether you’re purchasing a house or a townhouse, you’ll need to be aware of the following:
- Stamp Duty: In Australia, all property buyers must pay stamp duty, which is a tax on the property purchase. The rate is based on the purchase price or market value of the property. This applies to both houses and townhouses.
- Foreign Buyer Surcharge: If you’re not an Australian citizen or permanent resident, you may be subject to additional fees, such as a foreign buyer surcharge, depending on your state or territory.
- Financing and Lender Requirements: For houses, especially those on larger blocks, lenders may be more cautious about financing, particularly if the property is considered a risk for future development. Townhouses, while generally easier to finance, may come with higher fees due to strata or body corporate arrangements.
The Verdict
Whether you choose a house or a townhouse in Mickleham, both offer great opportunities for homebuyers and investors alike. Houses provide space and flexibility, while townhouses offer a low-maintenance, modern lifestyle. At Breco Real Estate, we’re here to help guide you through the process and ensure you make a purchase that aligns with your goals.
If you’re ready to make the move to Mickleham, contact Breco Real Estate today for expert advice and assistance in finding the perfect property for you.
FAQs
- What’s the average price of a house in Mickleham?
The average price varies depending on the property size, location, and amenities, but houses in Mickleham typically range from $600,000 to $900,000. - How much cheaper is a townhouse compared to a house?
On average, townhouses in Mickleham can be 20-30% more affordable than houses, depending on the location and size. - Do I need to pay stamp duty when buying in Mickleham?
Yes, stamp duty applies to all property purchases in Victoria, including Mickleham. The amount depends on the purchase price of the property. - What are the downsides of buying a townhouse in Mickleham?
Townhouses may offer less space, and you could be subject to body corporate fees. Additionally, you may have less privacy if the townhouse shares walls with other properties. - Can I renovate a townhouse in Mickleham?
Yes, but any major renovations, especially structural ones, may require approval from the body corporate or local council. - What is the typical size of a house block in Mickleham?
House blocks in Mickleham range from 400m² to over 1000m², depending on the specific area and type of home. - Are there good schools and amenities near Mickleham?
Yes, Mickleham has access to a range of schools, shopping centres, and public transport, making it an attractive choice for families. - Is Mickleham a good investment?
With the ongoing development of infrastructure and the potential for future growth, Mickleham is considered a promising investment location. - Can I buy a house or townhouse as a first home buyer?
Yes, both houses and townhouses in Mickleham are available to first-home buyers, with potential stamp duty concessions and other incentives. - How do body corporate fees affect townhouse buyers in Mickleham?
Body corporate fees contribute to the upkeep of shared spaces and amenities. Fees can range from $500 to $3,000 per year, depending on the size and services provided.