Great advise for free. I love this forum

MK, I think we are in same boat looking for first IP and wondering right structure for beginners.

I would suggest that if you can afford, go for Unit Trust for its long term benefits, otherwise keep it simple and purchase on individual names and review it after 6-12 months.

Good Luck.

Got it Terry but for beginner in IP world, do you recommend trust kind of structure? Is it not advisable to start  with IP on your own name and then see how it goes for first 6 months and then decide whether to go for trust or not from 2nd IP onwards?