If you prefer the super-low maintenance option, or have a limited budget, units can be a brilliant alternative. Location and structural soundness are still important, as is scarcity value - be wary of buying in complexes of multiple units that are all pretty much the same. If you buy a unit, check the Body Corporate certificate closely to reveal any forthcoming levies or works required. You may want to reconsider if the works seem too expensive. Another important consideration is tenants' lifestyle preferences.
Many tenants rely on public transport, while others find gardening and upkeep onerous.
In these cases a well-located unit may be ideal. In the end, it doesn't matter whether you buy a unit or house. Concentrate on finding the right location and building style, and the rest will take care of itself. Now they want to charge me for Mortgage Insurance. If the insurance company that provided the LMI has to make a payout to the bank to cover any losses, the company will then recover this amount from you.