I Disagree with a number of opinions on this thread – yet completely understand why there is a tarnished view on SA as the pre-GFC SA rush left alot of investors burned.

The key risk with this type of investment is the type of lease you'll be subject to. SA a very much annuity type investments with strong cashflows.. Sure the LVR's are a little lower and your Capital Growth may be a little slower – however you can't have everything.

Put your commercial property hat on when looking at these

Some great opportunities exist at the moment and operators that weathered the storm – or restructured, have very bankable lease terms – they have to to get more stock.

So look at OAKS or Quest as a bench mark. Some leases even come with rental guarantees, collar and cap provisions to protect your downside risk and various other instruments. The bigger operators have robust balance sheets and the likelihood and a major reduction in your rental income is very low.

If you pick the right location and operator you can see nice appreciation on DCF valuations so I would say it is worth looking at some of the new apartments coming online