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Good numbers but: 1. Backs onto the train tracks which is a major negative - you need to inspect as a train goes by and figure out how good the soundproofing is - does the building shake? (but it is close to Brunswick st station!) 2. Square footage not disclosed. 3. $600 pw may be a...

Next door to a large Commission Housing block. So you have a pretty good idea of the type of clientele you would get. Not my cup of tea but could possibly be CF+ if tightly managed. Would be a lot of work though - not a set and forget kinda deal. Edit: I would guess its worth 500 - 600k...

A unit in New Farm (a blue chip suburb of Brisbane) less than 2km from the CBD for $240,000. That has to be less than 50% of the median price in New Farm. Ridiculously cheap. And its art deco to boot...

Dont forget to chuck in for elevator maintenance!

You will be sorry when you buy that property for $1 this week and I buy it off you for 40 cents next year after the Global House Price Crash. Ill be laughing and you will be sorry.