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These are NOT good investments just like serviced apartments and carparks in the same area. On paper them seem good but they are dogs. I don't know exactly why but I hear the managing agent takes every fee possible, you wear a lot of vacancies and repairs to furniture etc...you can never use...

All good, small stuff, always rents well. Consider this block in Chippendale. I have one there and it ticks all the boses. Parking to studis (rare), low BC and well maintained, strong demand...