What is townhome?

If you’re in the market for a new home, you might have come across the term ‘townhome.’ 

Becoming more popular, especially for those looking for their first home or investors looking for a rental property, a townhouse is a type of housing where two or more homes are built side-by-side, sharing at least one wall. 

Townhomes are a more affordable option to a family home with open-planned living and modern inclusions. They’re built in already developed areas with local shops, cafes and public transport nearby for convenience. With a smaller space and garden to upkeep, townhomes also offer low-maintenance living.

What’s the difference between a townhome, a townhouse and a town house?

Contrary to what you might believe, the terms ‘townhouse’, ‘town house’ and ‘townhome’ are essentially synonymous and can be used interchangeably. There is no difference between the two.

Are townhomes a good investment?

Yes, townhomes in Australia are a great rental opportunity, especially those in South Morang, like Evokes Townhomes.

Located in Melbourne’s booming northeast and only 25km from the CBD, Evoke is well connected with everything at hand: established amenities, including Westfield Plenty Valley, stunning wide open spaces and wetlands, delicious cafes and restaurants and top-quality educational facilities. 

Is it better to buy a house or townhouse?

Whether you decide to buy a home or townhouse ultimately depends on your needs and lifestyle. 

A house is a building for living and an individual dwelling with separate walls and space from its neighbouring homes. In contrast, a townhouse is smaller and connected to its bordering home by a connecting wall. 

If you’re looking for a more low-maintenance lifestyle, to downsize or are a first home buyer, townhomes are you for. 

More budget-friendly than buying a family home, buying a townhome means a smaller mortgage and cheaper insurance. They’re designed in established communities and within walking distance of all your daily needs and activities. They’re also built with turn-key inclusions, open floor plans and multi-level living spaces offering the best of modern living.

How much do you need to buy a townhouse in Australia?

The cost of buying a townhome in Australia will vary depending on its location, size, and features. The average price for a three-bedroom townhome is around $600,000; however, prices can range anywhere from $400,000 to $1 million. It is also essential to factor in additional costs such as stamp duty and legal fees.

At Evoke Townhomes, we have luxury housing options starting from $537,000 (price at July 2023).

If you’re on the hunt for an affordable townhome, then look no further than Evoke. 

Situated in Melbourne’s booming north within the heart of South Morang, Evoke Townhomes are well connected. 

Our townhomes come in varied sizes and styles to suit your individual needs. From 3 bedroom townhomes to two-storey townhomes, we have options to meet all budgets and lifestyles. 

With plenty of room to breathe and space to grow, Evoke’s Townhomes are perfect for all buyers looking for a home in South Morang.

Disclaimer: our financial advice is general in nature, please seek a professional for additional information.