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Pretty reasonable considering. The situation is the strata fund was never set up properly, and it needs to be built up. 1 bed is like $530per qtr and 2 bed is $800per qtr. with rents at $320pw and $230pw respectively they will be neutral cashflow, excluding any tax or depreciation which...

Sorry just to clarify these are residential apartments not a serviced studio type unit. Yep 1 bed has garage aswell :)

Yep correct guesses, hutton rdn the entrance north. My fav buy all year. I might even move into one myself.

I wish i grabbed a few more for me too :) They were listed on market but not at our prices, I went in harsh and picked up a bigger parcel from the administrators. Prior to this they were pretty low key.

Ok, been a while since I have posted about my own recent buys but thought while I had 10 mins up my sleve I would post these 2 units I am settling on tomorrow. 3-4 months ago i negotiated these which took forever. I found a developer who had gone under administration who had built 80 units...