Hello, Complete newbie here and have quite a few questions in terms of where to start. The only place I have owned a home was in Buffalo, New York and it all seems quite different. I am not entirely sure if I am on the right track or not so would like some advice on what my understandings are and if this is something I should really even be considering. I really want to start off small and by that I mean a unit for <$150k. Ideally the unit will be in neat condition but likely not renovated at this stage, at least 2 bedrooms, close to shops, schools and other amenities, where possible would also like it to be tenanted. My partner and I have settled on Albury and are looking in North Albury/Lavington area. - I am aiming to pay enough of a deposit to avoid paying mortgage insurance - is this something I should be doing or do people generally just pay the mortgage insurance? - Because this is an investment property do I opt for an IO Loan and if so what are the benefits? - If the property is built in the early 1980's is it still eligible for depreciation to be written off? - In terms of ongoing costs I understand there to be PM fees, strata, council rates, water rates, insurance and repairs and maintenance as they arise. Is there anything I am missing? How do I factor these costs in when I am not sure what they are? - In terms of owning a unit how does the strata work and what should I be careful of? I suppose my question is, where exactly do I start? I've seen the below few properties that seem interesting to me or am I totally missing the mark? 3/189 Union Road North Albury NSW 2640 - Unit for Sale #121103654 - realestate.com.au 2/378 Fallon Street North Albury NSW 2640 - Unit for Sale #125644394 - realestate.com.au 1/738 Lavis Street East Albury NSW 2640 - Townhouse for Sale #125203042 - realestate.com.au Any advice on the Albury area would be greatly appreciated. Thanks.