What's the Best Investment: a House or a Unit?

Conventional wisdom has it that houses are better investments because they also have land. 

However, individual units automatically "own" a proportion of the land that the whole building stands upon. So a property's size has little bearing upon its capital growth potential. It's location and building style are much more significant. 

Think of a one or two-bedroom unit in selected inner suburbs of large capital cities (read "high land value area"). An investment like this could realise higher rates of capital growth than a four-bedroom house on a large block, in the outer suburbs or regional areas. 

Choose your investment property for its scarcity value and high underlying demand. 

What Shouldn't I Do When Buying Property?

1. Don't sign anything before doing a thorough feasibility study. 
2. Don't procrastinate too long and then miss out on a favourable purchase. 
3. Don't over-commit yourself. 
4. Don't put all your money into just one investment without good reasons. 
5. Don't commit to finance until you check out both principal and interest-only deals. 
6. Don't rush into anything.