i wanted to know if it is a good ide to invest on a student accomodation by taking loan from the bank. i want to an investment property but don't know if its the best time for it.
The main problem with investing in student accommodation – as in UniLodge etc – is that you can usually only get 60% LVR, which makes them not really stack up as an investment because you need to put too much equity in. If you mean buying a regular house and setting up as a "rent by the room", then it really depends on the particular property as to whether it's a good idea.
When deciding whether to buy or not, I make my decision based on the merits of the particular property, rather than based on the overall market picture. For example, I would never say "I am definitely not going to buy in 2008", because I don't know what deals I'm going to find. And if I find a great deal, I don't really care what "the market" is doing.
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