Hi all, I'm new here and trying to learn as much as I can. I am just about to buy my first IP and would appreciate some input. We have a suburb here in Cairns called Bentley Park, which is becoming very popular as the city expands past it, further south. There are still a few houses on the market for under 300K in Bentley Park, but they get snapped up pretty quickly. The one I am interested in is within walking distance of the school, shops, and public transport, so I think it will be easy to rent out at a decent price. My question is: would I be better off buying this one, an older house, or paying a bit more and buying a new house on a smaller block in one of the new developments further out of town?