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Rugrat - thanks for the list of questions. Over the past year, in the search for my PPOR, I've learnt a lot about my risk profile etc as well. Will make sure I have some good answers before embarking on an IP search. Those REAs can sniff out weakness in a millisecond!

Propertunity - great thread thanks! I just can't believe that I'm 30 yrs old and don't know any of this stuff. I just really want to thank you guys for your advice. Well never too late to get started right ;)

Yep a lot of research :o Unfortunately I haven't found out too many details about the actual flat (e.g. body corporate rates etc) as I was more using it as an example. Following the suggestion of heading further out and buying something with more land (perhaps older house), would something...

Thanks for considering so many newbie questions... So for a new starter, considering a first IP, should there be a more dominant consideration - capital growth or rental yield? Another thing - Some people I've spoken to about property investment has suggested that I get an interest only...

Thanks all. Very useful observations :) Certainly take on board the suggestion that it might be better value to buy cheaper/poorer condition and fix it up minimally. Makes perfect sense. Ditto re communal laundry. Dammit - are there different considerations for buying something for good...

Hi all, Continuing on the process of educating myself in property investment (still a loooong way to go). I would be interested in people's views on this property as a potential IP? :) http://www.allhomes.com.au/ah/ah0073?slid=167408613 Hypothetical at this stage... just committed to my...