Advice on this property

Hi all



New comer and hoping to buy my first investment. Just after some opinion on the following property



http://www.realestate.com.au/propert...aroo-119498331

or

http://www.realestate.com.au/propert...aroo-119498335



It's in Canberra and off the plan - 4 beddy villa, bathroom and ensuite and double garage. 100m walk to a primary school, construction for a Coles supermarket 150m away is underway and no body corporate. Rent is expected to be around the $500 mark.



I would like to know if this could potentially be a good investment, though it is quite dear for a first investment. I know people say to never buy off the plan etc so therefore questioning these ones.



Thanks

Advice on this property