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b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/different-property-types-explained\\\\/#arve-youtube-6_8_nfr8k9o659a0b2e242f5074920871","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/6_8_nFr8K9o?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nWhat do all the different property types mean? In today\'s episode we explain the difference between houses, units, townhouses etc.\\n\\nWhen searching for property, often you\'ll come across the different property types being house, apartment and unit, townhouse, villa, land, acreage and rural, blocks of unit and retirement living. So what do all of these different property types mean? That\'s what we\'re going to go through in today\'s episode.\\n\\nHey, I\'m Ryan from onproperty.com.au, helping you find positive cash flow property. In today\'s episode, as I said, we\'re going to look at the different property types. The easiest way to do this is to simply go to realestate.com.au and go ahead and search by property types.\\n\\nThe most straightforward one is going to be the house. So, this is generally a freestanding building on its own block of land. I\'m not going to go into all the different types of land titles or the different developments, types and things like that, different zoning for areas because that varies from council to council. But, if we go ahead and have a search for houses, we can see a few detached houses here, which means the house is completely freestanding.\\n\\nBut then, we also have some semi-detached houses or houses that are attached to each other. Here, we have one in Erskineville in Sydney in New South Wales that is a terrace sort of house. There is joining walls on both sides of these houses.\\n\\nHowever, we\'ll see when we go into townhouses and villas that these differ because they don\'t have common land. So they share common walls and, obviously, you need to work with your neighbour if you\'re doing anything in the common wall. But they don\'t have common areas or strata or anything like that that they need to pay for. They just have their own house, their own block of land, etc.\\xa0If you keep going through, we\'ll see a lot of detached houses.\\n\\nLet\'s go back and look at the next one, which is going to be apartments and units. These are very different from houses. Generally, this means a building with multiple units within it. Generally, we can see a big unit at the start here or we can see smaller units as well. These generally have common internal areas, common external areas. Generally, it\'s one building with lots of different units in it.\\n\\nThis one here in Croydon, New South Wales, is a prime example. You\'ve got the entrance and it looks like there\'s 4 units at the front there. There may even be more at the back. They would all share the front garden. With units, something to consider is strata and body corporate fees. Everyone who owns the units, they all come together as a committee.\\n\\nThey form a body corporate and they make decisions on how to spend money. There\'s extra fees that go into a unit that don\'t necessarily go into a house because you\'ve got to pay these quarterly strata fees that go towards the maintaining of the common areas or if they want to do renovations to the building or things like that.\\n\\nNext, let\'s have a look at townhouses. Townhouses and villas are quite similar. Townhouses and villas are generally properties that are attached to other properties. But, they tend to be in complexes as well.\\n\\nIt\'s kind of like a mixture of houses and units. We can see a freestanding townhouse here. We can see a freestanding one here as well. But, what it means is that you\'ve got a property, whether it be fully detached or semi-detached or attached to other properties, but you are in a common complex or a common block of land.'