Investment in Canberra or elsewhere? I am interested in buying an investment property in Canberra. Given that this will be my first investment property, will definitely need some valuable advice from the experts here. 1) I am not going to get an apartment but what is everyone's thoughts about townhouses? Is it as as bad as getting an apartment? 2) I saw some new development (townhouses) in Denman Prospect, Watson, Bruce, Dickson just wondering if anyone has any thoughts about them, which one would be recommended based on your experience, given there are quite a few builders there. I wouldn't want to end up getting one and then ended up with poor quality building and paying high body corp. 3) I have a budget of AUD650k and looking for new development (townhouses), given that they are new, they have higher depreciation which i could claim compared to older buildings. 4) Is there any suburbs which you would recommend for good capital growth but not too bad of a rental yield. Of course, having both will be great but I guess its usually one or the other. 5) I wouldnt mind investing elsewhere but not having good contacts and recommendation, makes it a bit difficult to do so. Thanks in advance and apologies for posting so many questions. As a first time investor, always curious and overwhelmed! Look forward to reading all the responses and hopefully it will help others like me too.