[cheap]

Do a ROI on the property, how much you need to finance, how much rent you expect, factor in interest rates rising, factor in demographics, is it within 10km of the city or in the never never, does it have public transport, good schools, good shops, socioeconomic's of the area and most importantly if push came to shove would you be prepared to live there. Use realestate.com for research, I would avoid small concentrated areas with lots and lots of properties for sale - there would be a reason.

We once experienced simultaneously 3 non rented properties for +8 weeks, so be prepared for the no rent situation because it will happen.

IMO, with interest rates so low, the prices of much property is over the top, personally I struggle to see the value with the prices being asked.

Finally I would avoid buying into big developments with +20 apartments, when the poo hits the fan (interest rates rise) people will need to sell, and if you have to sell you'll be stuck in a lowest price bidding war with identical properties with desperate owners being hounded by ruthless banks.