thank you all for your answers, they have been most helpfull to me. I have come to the point that i think i may be better of investing in a home rather than apartment, i will be looking in to those previous mentioned areas and i should have no finanancial difficulties holding onto a property negatively geared by a few thousand dollars a year, in fact on my wage of $85k p.a. i could quite easily hold onto 4 or 5 if i so wish (just need to save for deposits). I have been saving roughly $500 a week to get to the $12k so raising money for deposits is not to big of a deal. once again thank you all for your help.
richard – that would be exxelent if you could give me a recomendation.