There are many factors to consider when deciding where to buy property including:
What area do you want to buy in?
Capital growth potential - Capital growth relates to the ability of your property to build equity in the long term i.e. will it be worth more in the future?
Satisfying your lifestyle - Lifestyle considerations may include:
Is the train or tram nearby for work?
Is there child care nearby?
Are there parks nearby for the kids?
What are the schools in the area?
Am I close to the beach?
Is there a gym nearby?
Are you looking for a 3 bedroom apartment with views of the ocean?
Does the property have a pool?
Does the property have an entertainment area for parties?
Is there property with the attributes you want in the area where you want to live? There may not be many places with a pool, or a train station in close proximity.
The biggest question probably is - can you afford to buy what you want where you want?
By asking yourself these types of questions it will help make a more sensible decision when buying property.