This section should apply the principles covered in Unit 5 to develop your long-term property strategy and your strategy to finance these properties using home or investment property loans. Property Strategy: Your property strategy should apply the principles covered in the first half of Unit 5 to develop a long-term property strategy, including the acquisition of your first property (if you do not currently own one) and any subsequent properties. Buying a property is an important step for creating wealth because it provides control over living expenses over the long-term. It also allows you to buy an asset that is expected to grow at a similar rate to income over the long-run using relatively low interest-rate debt. Better quality assignments will undertake some research using property websites about the type of property (or properties) that you plan to purchase at each life stage. Do you plan to live in it yourself or do you plan to rent it out while you live somewhere else? Is it an apartment, town house or free-standing house? In what country, city and suburb (or area) will it be located? Based on your research on property websites, how much would it cost to buy a property like this right now? When do you plan to buy the property? How much do you expect it to cost at the time of purchase (explaining your assumptions)