Hi Marc,
Thanks for the tips. I am a new property investor and I want to play it safe. I am thinking of buying a 3×2 unit because they are cheaper than houses. I know that units do not have land but what do you think are the advantages of buying units apart from price?
Also, is it better to buy units with 10 or less units in the complex?
I saw a 3×2 unit in Carrum Downs, Vic with double garage, ducted heating, air con, court yard in complex of 20. It's 240K+ and its rent is$240, thus I will have to be negatively gearing. With your criteria of 1% rent yield, does this mean this area's rent is too low and burnden too high?

Thanks heaps,
Ini