From: Mike . houses, units or wait? From: JF Date: 11/3/99 Time: 2:29:34 AM Hi, I'm hoping to be able to make a start as an investor. I'm looking at borrowing around $100K which is pretty much all I can qualify for on my current income $42K since I am also paying out a car loan (balance is now around $10K) I'm not sure that I would be able to get a house with much prospect of capital growth for only $100K (from what I've seen its only the outer 'undesirable' suburbs where these exist and I'm not sure there would be much of a rental market that far out from the CBD - wouldn't most folk wanting to live out there be buying too, or even building?) so I'm thinking maybe a unit or townhouse as near to Perth city as possible - I have seen some for around $65K to $80K, but I've read "don't buy units" etc because they have no land value. surely though they would have to increase in value over time? My accountant says these units would be better at generating an income since the rent would pretty much cover the loan repayments, whereas on a house of that value the rent probably wouldn't and I'd be left with having to make up the shortfall I guess my other option would be to put my savings into some kind of managed fund and wait till I have a larger deposit. Anyone have any ideas where I should start?