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Hi Smartcube,
First of all – congratulations on having a handy deposit saved – that's the hardest bit!
My suggestion would be think about the sort of investing strategy you're interested in using first up so that the decisions on where, when, how to buy can be based on that.
Are you wanting to buy and hold, are you more interested in tax minimisation or cash flow, are you wanting to actively participate in your property investment using things like renovation or development. Do you have disposable income, what level of risk are you comfortable with. Those sorts of questions will help you.
Have a read about the types of strategies and assess what your specific needs and goals are so that you can make your 'plan of attack'. Once your know what strategy you're coming in with it'll help you make the decisions on where, when etc.
Best of luck!
Kaz