Hey guys,

I just bought one of these little properties in Unilodge too, $280k, 53sqms for $511 a week in rent (which has been locked down by Boston Uni for the past 6 years – They do a exchange progamme with Sydney uni.)

The management is amazingly professional and it's run like a hotel. All for a 6% management cost which is comparable to most agents fees.

These kind of things obviously won't yield massive capital gains, but if there is a downturn in the Sydney market, these should relatively hold their value… as long as rents don't go backwards. In my opinion, the market will more than likely hold flat for a while, so I thought it was perfect timing to get into this type of property.

It's positively geared and will pay itself off in around 10 years, for 30% down.

So I guess the reason why I bought it is the little downside to it. I see it as a defensive property.