Oh sorry the apartment is in the suburb of South Melbourne. I've just come upon another conundrum – to lease the apartment furnished or unfurnished. I;ve been making some calls around and been getting mixed msgs regarding furnished apartments. The gist is that furnished apartments are mainly for short term leases of 3-6 and rarely 12 months. The…[Read more]

Hi Jamie,thanks for your comments. Will definitely call a few property managers in the area. I was hoping for this property to be as minimally negatively geared as possible for a couple of years (almost paying for itself) as it is hard to get a positively geared property within capital cities and capital cities are where I'm more comfortable…[Read more]