Hi, i'm very new to forums so this may not be the correct place to ask these questions....I'm looking at purchasing my first home which I want to eventually be one of a porfolio, however do I buy a house or unit/townhouse? I'm purchasing it on a single income, and wish to purchase to take advantage of the 1st home owners grant and stamp duty waiver. Currently looking at a townhouse in a good area....5yrs old and I believe if rented out in the future would be a good investment. ie. $250000 currently rented at $250. Does anyone have advise that may keep me on a prosperous destination. Narj72