Hi Guys,

I know what you mean everyone's been telling me it'd be hard to get a loan unless I put down a big deposit..

I do have some money set aside so I guess it really comes down to whether or not I go for it..

One of the reasons serviced apartments caught my eye was I've heard occupancy rates are actually growing year on year with low volatility and steady capital growth for serviced apartments in the CBD? Perhaps due to the increase in people traveling for business.

As Michael mentioned, I'm aware that income is reliant on the success of the business, and I've look into reputable serviced apartment providers.  Do you know much about Oaks or Quest?

Hi Jamie,

Thanks for the advice!

The 100k is in cash, and I currently don't have an owner occupied property.  I think my tolerance to risk is quite high – as I'm yet to believe that there is such thing as a property that is 'guaranteed' to make you money – so I know that everything will come with risk.  

I guess the main thing I want to get out of my property is having a small cash generator on the side; something I won't sell for at least 10-20 years or more and a property that won't put any strain or burden on me. If I could find somewhere that's less volatile to invest my money and let it run on it's own, it'd be ideal.

Cheers,

Tracee