As an investor, there may be no better time than right now to own an apartment or townhouse. To tenants, they're convenient, affordable and easy to maintain, and with national vacancy rates at the lowest possible end of the scale, demand for rental accommodation is insatiable.

Apartments are becoming increasingly sought-after by both landlords and tenants, as accommodation costs continue to rise. This month's issue of Your Investment Property shows you what to buy, where to look, and how to mitigate the risks of unit investments.