Interesting article recently in SMH about affordability of units in Sydney's more prestigious suburbs (see link here: http://www.domain.com.au/Public/Article.aspx?id=1152637715737&index=NationalIndex ) For those who know me, you would know that this is certainly not news to me, as I have always advocated buying as close in as possible to the CBD's when it comes to units. The beauty of units is their low entry price, and some people are surprised to discover their affordability in such fantastic locations. Mosman is a prime example, and nearby Cremorne, Cammeray and Crows Nest also offer great opportunities. I also prefer to select smaller blocks with less expensive doodads such as pools and lifts to maximise overall returns. Such high maintenance costs can kill your cashflow as strata fees can eat into your bottomline enormously.