Hi, I'm about to buy my first IP with a budget of about 300k. My plan is to buy and hold with the hope to gain enough equity to buy another property of about the same value in 1 - 2 years. With months of research it has all boiled down to these two property types: Property 1: 2 bed unit in Illawarra - Barrack heights/Oak flats Pro: - Should still have some CG from the Sydney ripple maybe? - Low council and water rates - Rental yield 6% - Area has vacancy rate of 0.5% - I grew up in this area, I know it well and can have easy access to the property if needed. - Not much land left to develop in these areas - New infrastructure developments in the pipeline - Average anual wage 47k Con: - CG might not occur and could have already reached peak from Sydney ripple - Population growth forecast of about about 22% until 2036 - 110km to Sydney CBD, so still a fare distance away Property 2: 2 bed unit in North Brisbane - Petrie/Strathpine/Lawnton Pro - Speculated good GC prospects - Rental yield 7% - Population forecast of about 50%+ until 2036 - 22km from Brisbane CBD - New infrastructure developments in the pipeline Con - GC not as predicted - High council and water rates that eat up rental yield - I don't know the area well at all and would have to fly up from Syd - 2.1% vacancy rate - Average anual wage 44k - Plenty of free land for new subdivisions Overall I'm finding the cashflow side to be fairly equal, I feel a lot better with the South Coast property as I know the area well but, could be potentially shooting myself in the foot with CG side of things. Love to hear some other peoples views. Cheers!