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One other thing - keep in mind the demographic that would want to rent a room off you in a shared situation. Many are students etc, and while the location for Docklands is ok, they can usually only fork out $100~150pw. THis makes it difficult if you need to recover say $250-300 pw (including...

Yes, but what sort of people? Are they families, are they professionals, are they factory workers, or are they even employed? Cheers, The Y-man

I view the Lorimer St apartments as a Lifestyle Decision - i.e. a PPOR for yourself to live in. I think they would suck as an investment purely from the maintenance cost point of view (a good 10-15% of any rent income will go towards maintenance), and with the level of rent you are after...

I have owned, or still do own, apartments in the following suburbs: Southbank Fairfield Abbotsford Thornbury Parkville Prahran North Melbourne/CBD fringe Of these, the Southbank one was the first to get offloaded as a "dog" property - it simply failed to perform and had massive...

The other specific issue I have with these buildings is the orientation. The side with the good water views are on the South side - traditionally the darker, colder, cheaper side. By contrast, the northern facing apartments (sunny in winter) have got industrial views, that can be built out in...

My main concerns are: 1. maintenance and upkeep - these large scale developments are a nightmare when it comes to keeping them in good shape, security, insurance, etc. Add to this that the Owner's Corporation rarely reaches a decision without much lobbying, due to the difficulty of getting a...

Prahran - no (well, not yet anyway!! :D) Abbotsford - Sold (prior to Auction - to the tenants!) Cheers, The Y-man

Better off spending the money on a 2 BR in Windsor/Prahran or Abbotsford IMHO.... Cheers, The Y-man