Hi all,
I made a trip to Melbourne a few days ago (from Sydney) to check out an investment property which was very close to positive cashflow. It was located on Flinders St – Home @ Flinders.
Overall, the property is good, however I had a few questions. If you are familiar with the Melbourne area if you could offer your viewpoints that would be great –
1. The apartment is in Home @ Flinders – anyone know much about this apartment complex, and if noise is an issue, particularly during Friday/Saturday nights? It is located right across from Flinders St station.
2. Capital appreciation – given that rents appear very good in this apartment, is capital appreciation likely to be good over next few years?Thanks
AjayI don't know the apartment block but work close by. Is it closer to Swanston or elizabeth st? Swanston is a place to be avoided imho for personal safety (girls opinion). Most of those apartments common areas are so dark and never seem to be ventilated – probably due to the costs. Plus lifts seem to add a lot of extra costs.
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