Terryw, 
Yeah they are around 30m2 and a lot of the ones that I was looking at were serviced.

Thanks for that Jamie M
As for the property, I should have specified that I am looking at a student apartment in Brisbane which rents at $270-$300 a week. Without going into all the fees and costs associated too deeply yet it appears that it will be positive cashflow as long as it has a reasonably low vacancy rate

Also it is worth noting that I am only pointing out the weekly funds I have available as a contingency plan/way to meet the repayments in times of vacancy etc. I plan on investing in a positive cashflow property that should make profits from day one.