Thanks all. I have been sufficiently scared off, back to the drawing board. So is the Melbourne CBD a lost cause at the moment?

Thanks Gary,
I had quickly browsed the prospectus where there is a claim of no management fees etc and thought it was too good to be true. After your note I re-read the entire prospectus and noticed a couple of example P & L statements.These statements included an expense of ‘outgoings’ which I assume is a new name for management expenses. Anyway…[Read more]

Whilst there are comforts with the long term leases I would check the quality of the property very carefully first. DHA have purchased some mass produced properties (especially townhouses) they may result in some significant maintenance costs downtrack which could eat into any capital gain.