Some numbers
The prices range from $460-480k, 1 Br, 1Bath, 1 car space
Strata ~ $1300 p/q
Deposit ~ $250K
Rental $480-520 pw
According to my calcs the gross yield ~5%
Looks like there are several 3-4 year old apartments on sale in Rhodes.
I suspect the prices are a bit depressed because of the number of new apartments coming up in Rhodes. Does this make it a good investment buy opportunity from an SMSF point of view i.e. long term growth with positive...