Hi Hilary,
Does sound awful tempting. I’ve been keeping a close eye on the Coffs Harbour area for a while. Do you know a local Buyers agent over that way? I’d incorrectly assumed that buyers agents were someone you’d only find in the city.
If not are you a member of some sort of professional ass’n that I could ask?
Cheers Dave.

Hi Superman,
I’ve recently been pondering that same question, as I’m at the stage of researching my first IP purchace.
You’ve made the assumption that you are going to invest out of your state (for less stamp duty?).I was more inclined to invest within an area that I could easily drive to within 1 day in case of repairs/disasters etc.
Another reason to buy house/land I could see more potential to spend a little on improvements to gain a lot in rent.eg say a 4br 2 storey home that could be easily split into 2 flats.
Flats on the other hand are a lot more inflexible, but appear easier to maintain.
Land tax treatment of house v’s flat seems to favour the flat too.
Anyway I cannot speak from experience but I’d love to hear from someone who can and perhaps let me know if these ideas are on the right track.
Best of luck
Dave.