Investing in Australia Properties, what factors to consider ?

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Hi wondering if anyone has some experience in investing in Australia properties as my parents are retiring and they planned to expand their investment to Australia. The reasons are 1. we have a condo in Singapore but with the current market rate, it seems impossible to get another one here. Not to mention they still have more than 10 years of loan with Singapore bank. 2. they prefer property investment as compared to stocks/bonds (They already owned fixed deposits which are renewed annually). And also they have some superstitions like they are better with property but not so much on stocks.

From what I googled, I chanced upon some residential building. From a newbie perspective, I look through the one with higher rental yields but still within their budget and found that Australia property cost lower than Singapore's and the property in Australia is booming so we can expect capital appreciation.

This is how they look like
   

From my point of view the Bayside looks slightly better because of the lower price and the later completion date means that my parents can save some part of the money first before starting the installments. But then they have lower rental yield which might cost them in long term view.

The Canterbury one on the other hand looks more promising in terms of higher rental yield.

I wonder if anyone has experience in investing properties in Australia or planned to do so. What are the things that I need to consider other than the usual capital needed. And whether if the Australia property is better for shorter term investmnet (like buy and wait for the price to increase before selling it back) or long term (rent it out and pay off the loan with rental payment before owning it in full).

Thanks!
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