Hello guys, I'm coming slowly to a point where I'll be buying my first property in australia (with my partner). We don't have our own home yet so this will be our investment property (as long as the company i work for provides us with accommodation) and one day we'll be living in it. I'll be buying early next year in perth. So this is my situation. I'll have around 300k deposit available (OK, that's probably more like 270k after paying for stamp duty and other acquisition costs). I wouldn't want to stretch my buying power too much, so I'm willing to spend up to 550k. So my question is, do i buy a townhouse in a really nice area (Doubleview, scarborough, North perth..) or should i go further away (like Morley, dianella..) and buy a house? My reasoning so far is: everyone says buy a house to avoid Strata fees, but if i buy a freehold/torrens Strata townhouse i won't be paying Strata, right? Also people say 'land appreciates, building depreciates', but as an owner of a townhouse I still own a share of land, right? And that land can be on a much more expensive location. Thanks very much for any input. I realise that my logic my be flawed as i don't know much about RE.