Reply: 1.1
From: David Brady
Hi Steve,
Be aware that land tax may apply to houses, it is a state tax and varies between states.
In NSW it is 1.7% for over 220K (2002).
Units do not attract this tax.
You may get more capital gains? from land content, though rents tend to be lower than for same priced unit.
A mix of both could be a good strategy.
Regards.
David.