How to Choose the Right Townhouse for Your Budget

Why Townhouses Are a Popular Choice

Townhouses offer a great balance between the space of a house and the low maintenance of an apartment. For many first home buyers, they’re the ideal starting point.

They provide:

• More room than a typical apartment
• Private outdoor areas
• Often a garage or second car space
• Lower strata costs compared to apartments

And when bought off the plan, townhouses can be more affordable than established homes in the same suburb.

Casa Mendel | Buy townhouse in Sydney | Secure with $50k and $2,500 x 30 weeks

Step 1: Set a Realistic Budget

Before you start comparing floorplans or suburbs, understand your total budget.

Include:

• Purchase price
• Stamp duty (or check if you’re eligible for a concession)
• Legal fees and inspection costs
• Moving expenses and initial furnishing

If you’re a first home buyer in Queensland, you may be eligible for the First Home (New Home) Concession, which means no stamp duty if your townhouse is brand new and you meet the criteria.

Harbour Shores | The Residences | Buy townhouse in Gold Coast | Secure with $10k and $6,861 x 43 weeks

Step 2: Decide on Your Must-Haves

Make a list of your non-negotiables. Consider:

• Number of bedrooms and bathrooms
• Outdoor space or courtyard
• Parking availability
• Proximity to schools, transport, or parks
• Pet-friendly options
• Planned strata fees or maintenance costs

You may also want to check if your chosen townhouse includes sustainable features like solar panels, energy-efficient appliances, or smart home technology.

Roslyn Street | The Residences | Buy townhouse in Liverpool | Secure with $10k and $1,839 x 17 weeks

Step 3: Compare Suburbs and Prices

Some suburbs offer better value for money than others. For example:

• Western Sydney suburbs like Box Hill and Schofields have new estates with modern townhouses
• Brisbane’s outer suburbs like Rochedale and Richlands offer brand-new townhomes with easy transport links
• The Gold Coast corridor around Pimpama and Coomera has seen a rise in affordable off-the-plan townhouse projects
• Look at transport, planned infrastructure, and school catchments when comparing locations. Price isn’t everything—lifestyle and growth potential matter too.

12 Princes | Buy townhouse in Newcastle | Secure with $10k and $1,395 x 26 weeks

Step 4: Understand the Developer’s Reputation

If you’re buying off the plan, research the developer:

• Have they completed similar projects on time?
• Can you visit previous developments?
• What warranties or inclusions are offered?
• Are there reviews from other buyers?

Make sure you’re working with a developer that delivers on quality and timelines.

How Coposit Helps You Stick to Your Budget

Buying off the plan with Coposit means you can secure your townhouse with only $10,000 upfront.

Here’s how it works:

• Choose a brand-new townhouse
• Pay the deposit in weekly instalments while it’s being built
• Avoid interest, loans, or credit checks
• Get more time to budget and plan

This flexible approach is perfect for buyers who want to enter the market now but need time to build their finances.

Step 5: Review Contracts and Ask Questions

Once you’ve chosen your townhouse, don’t rush the paperwork. Use a solicitor or conveyancer to check:

• Inclusions list
• Strata by-laws
• Settlement timeline
• Deposit structure

Ask the sales team or agent about any display suite materials, finishes, and how variations are managed during construction.

Buy a Townhouse That Fits Your Budget and Future

Townhouses are a smart choice for first home buyers. They offer comfort, privacy, and strong long-term value. By setting a budget, narrowing down your must-haves, and using tools like Coposit, you can secure an off-the-plan townhouse that meets your financial goals and lifestyle.

Explore available Coposit townhomes in Brisbane, Western Sydney, and the Gold Coast today.