Which property to buy please? Urgent suggestions please

Hi there all.



Being relatively new to the investment scene I've come to get your advice on a predicament I'm in.



Background: Have an investment in Mount Druitt that is doing very nicely. Good capital return and about 7% gross rental yield.

The market has moved so fast out there it's really moved beyond us to buy now.

We are now looking elsewhere for cheaper housing with the strategy to increase cash flow. By increasing cash flow, we aim drive down what we owe on Mount Druitt, and banks are also more happy to lend money for another property with cash positive property and this help build our portfolio.

We have found an area with good rental yields and high demand. I have been looking around some properties today.......



Dilemma: do I buy a single plot of land, with four units on it for $330,000 with a rental yield of 8.6% or do I look to buy 2 properties for $150,000 each, both with just under 8% yield?



My thoughts:



- on the face of it the 4 units looks good to me.... But

- although not necessarily in for the capital growth, if the area does go up, do I lose out on having just the one as opposed to the 2 plots?

- Resale: Although I see both options as long term, if I want to sell, what is the resale like on land with units on it as opposed to just one house? Don't I limit myself to just investors?



I'm sure I should be thinking of other things here so please let me have your thoughts.

Is there more investment opportunities in buying units/flats as opposed to individual houses?



Many thanks in advance for your help.

Which property to buy please? Urgent suggestions please