Terrace Homes – House & Land
Terrace Homes are similar to traditional house and land in that they have their own land title (and so avoid strata fees) and have the same construction process.
However, because the land is smaller the price is lower and therefore the rent yield is higher.
Terrace Homes are usually located in premium areas of new estates close to amenities.
They are popular with residents that prefer to avoid the maintenance of a larger lawn & garden area, and prefer proximity to amenities.
Terrace Homes appeal to purchasers that wish to avoid strata fees and want a lower price and higher yield than is available on traditional H&L.
Compass usually has access to a good range of terrace properties.