When should I buy for yield and when should I buy for capital growth?

A yield strategy suits the investor who wants a rentable asset with sensible acquisition cost and controllable operating expenses.
A capital-growth strategy suits the buyer willing to wait for a location story, project evolution, or scarcity premium to be reflected in future pricing.
Some assets can offer a partial mix of both, but there is usually one dominant objective.
So decide early: do you want regular income now, or are you able to wait for stronger future appreciation? That answer can completely change the area, developer, and property type you should target.