Sorry, long-ish post (and my first, outside of ‘Introductions’). I’m fairly new to investing (I do have one small investment unit in Canberra, but thinking about adding more). In Canberra, it’s very easy to obtain data for land value of any property and I’ve been working out the underlying land value for the individual units I’m looking at. I can’t quite decide how important I think land value for a unit is. I understand that for a house it’s the value of the land that really drives capital gains. Can I assume the same for a unit? I imagine that the value of a large block of land with units would change in a roughly similar way to land for houses in the same area, although somewhat influenced by demand/supply of units. If that’s correct, would you expect the increase in the land value to actually flow through to the value of the unit (like it does for a house)? Obviously it’s a lot harder to realise any land value if you own just a tiny fraction of it. Units have performed very badly in Canberra in the last few years (due to oversupply), but some of the numbers are now quite attractive - the yields are high and the underlying land value for many of them is also quite substantial. On a related note, does anyone know where I can get good quality data about how many units are currently being developed or on the market in Canberra compared to buyer demand for those units? Would be really interested to hear other people’s thoughts on this.