Bill,

it’s really interesting to see those statistical figures re. vacancy rates. It still goes up and down allthough there’s a tendency to go up.
Let’s see what impact the interest rate rise will have and what the next statistics will show.
Inner Brisbane has the second highest vacancy rate
due to oversupply of apartments/units lately I suppose. A reminder for city apartment investors?
But the demand for Student apartments in the CBD and near the Universities is still strong (very popular for overseas students)

I really need to know here in the Forum, whether I’m chatting to a He(M), a She(F) or an Inbetween(I).[]

Thanks again for your responds Gents!
But please, there’s no need to argue about the above topic. Let’s be professional and respect each other opinion.

The building is located in the centre of the city, about 500 meters from the University complex and is only occupied by students (mainly from overseas). So location wise it’s excellent.
There’s a choice of 7 Apartments, ranging from $80,000 – $140,000, returning up to $14,000

Allthough it looks very good my concerns are as follows:
– The apartments have been advertised for a few
weeks. Why hasn’t anybody bought it?
– As you said Bill, I might be buying a hotel
room rather then an apartment. It might be
operated as a hotel, I still have to find that
out
– A friend told me that the rooms are very small,
so it could be that it’s less then 25 m2. And
as you mentioned Peter, I wonder if I could get
finance from the Bank
– Capital gain and the possibilty to resell it in
the future

Steve, I would appreciate if you could go a little more into detail about the 3 points you mentioned, especially point 2.
I’m still in a learning process at the moment you see.

Thanks everybody!

Hi Kelvin,
I intend to ask the RE agent about that tomorrow.
Thanks.