There are many myths and misconceptions about what works best in real estate.

There are those who believe that you need to be close to the CBD or to buy in the expensive so-called prime suburbs to get the best capital growth, but the research data shows that this is nonsense.

Many Australians think that you need to buy in the capital cities, rather than regional areas, for superior price growth, but the regions have been out-performing for many years now.

The old paradigm that houses on land deliver better capital growth than attached dwellings like units and townhouses has been challenged by the results of the past two years, including recently during the times of rising interest rates.

And there are those who cling to the notion that you have to buy in the biggest cities, specifically in Sydney and Melbourne, to get the best long-term capital growth.

That one is a serious misconception as well.