Thank for the reply Derek,

I went to see the place this afternoon. Basically the complex is a budget motel – and each of the units/flats are individually owned. A national motel chain leases them from the owners. Its just off the Great Eastern Highway, which is the main route from the Airport (not far away) to Perth city.

I dont see much capital growth though, and borrowing 80% of the purchase price @ 90k, its not +ve geared, so Im starting to think its not such a great idea.