Thank you so much everyone for your comments, I really appreciate them…

I am seriously getting worried about this investment, when I was sold into this, the agent told me I should expect positive gearing of about 8%, and that loads of investers will be keen to buy it over from me should I want to sell.

Gred Reid,

Would you be so kind to explain why lenders don't like the Southbank area? I was told prices should remain fairly constant due to the proximity to the city.

KateMelb,

Do you think capital growth is not expected within the next few years?

MarJac,

Thank you so much for pointing out that usual minimum size for lenders is 50 sqms, I will definitely have to consider this seriously as the apartment is only 49 sqms.

basbog,

Yes I will have to check on the storage, it seems storage is an additional sum to pay.