Mal,

I have an apartment in Melbourne leased to a boutique operator. It’s an older style apartment in the french end of the city. The net return is 9%. You need to convince yourself that the deal is worth your money. I was happy with this investment as:
– it was a older (1930s) apartment with high ceilings, large and had character
– the block…[Read more]

Christian is on the money for the suburbs with good potential. I think $400k would be at the very bottom of what you’d pay for a house.

If you are going to consider units, low $400s will give you a lot more options. I think the opportunities here are increasing as the market has slowed for two bedroom apartments around that price – have a look at…[Read more]