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Thanks everyone for the detailed replies! It certainly sounds like they won't suit my current investment style (particularly as I'm relying on 95% LVR at the moment) and having to worry about the tenant's wellbeing is something I could do without! Very interesting to hear exactly *why* they...

Hi all, I'm new to this forum so I hope this is the right place to ask. In my (relatively) local area there are a number of cheap (~$100k) one bedroom units up for sale in retirement villages and over 55s complexes. The rent seems good and reliable, but if they're such a good investment...