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Should have said "unit or townhouse" sorry was typing quickly. Have got our eye on one at the moment in the right area and price range. We are aiming low in terms of price but we are not in a rush, well not until the next boom starts anyway ... This for example is not far off our...

We are looking for 2 townhouses for about 200 - 240k in an area from Magill to Parkside. The plan is for our first IP's to be places our kids will want to rent off us in 5-10 years time. LVR's add up nicely but DSR is an issue, but we're patient.

The more I read the more I'm leaning towards existentialism when it comes to housing (i.e. only believe what you can see). I've looked semi-seriously at 6 properties in the last 2 months. All six were sold within two weeks. While everyone seems to be expecting a US led period of D+G all...