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Good point. In this environment, then a more modest purchase that you can add value through a reno (which may include an update to the bathroom or kitchen, new paint , floor coverings, window furnishings), maybe the best option. That may lend itself to a unit. Of course it depends on...

1-1 draw IMHO, there is no correct answer to this question. Different property types can suit different strategies, so I don't believe one is superior to the other. If you look at the countless stats around capital growth (and I am assuming Melbourne not Sydney because I don't know Sydney)...