Hey all, I got an loan approval for an IP at the 500k mark for my SMSF and I am currently looking into various states where I can invest in. Since I got 25 years to go before I can access this fund I am wondering where would be the best state to this money in for the max return and capital growth. I didn't put Sydney or Melbourne in because I think both are at or near the peak of the cycl. Both does not have Landtax threshold for SMSF or trust. Also $500k does not by you all that much in both cities. I am too exposed to the Brisbane market as I have a few IP there. I am now left with 3 capital cities which all have various significant pros and cons. Adelaide: Pros: Stable market with low vacancy and no visible over supply issues. Land tax threshold for SMSF Cons: Still high unemployment, Very weak population growth now and in the past. Being seen as a boring city and compared least favourable to the other bigger eastern cities. Perth: Pros: More dynamic market, great live style city with lots of beaches and similar moderate climate to Sydney. It also have a Land tax Threshold for SMSF/Trust Cons: Very high vacancy although is going down by a little somewhat. Little population growth and a very high reliant on mining export. not sure if bottomed out yet. Canberra: Pros: Highest income per capita out of all cities, stable income, might have more short term CG potential. Cons: No Land tax Threshold ! very concentrated economy which almost completely relied on the government sector. S**ty weather with crazy high and low temperature fluctuation. Being seen as a very boring city and lack of lifestyle options compare to any capital cities. I really don't know which one is better in my situation so please help me out with this one guys. Feel free to point out anything that I've missed. Would really appreciate your comments and recommendations.