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Really? Why would the picture of rental return be any rosier than capital gains? And what's a good rental return?

You are correct, the Melburnian was a Mirvac project. Had a look back in 2001 for memory at some of the lower level 2 br apartments. They were in excess of $600k then. :eek: However it has been very well managed in terms of its sales and rentals. Its definitely maintained its exclusiveness.

Just be aware there will generally be a negative bias against OTP apartment purchases on SS. Not saying its wrong, but you won't get over-whelming endorsement at all on your prospective purchase. But 72sqm is imo small for a 2br apartment, however pretty standard for new OTP apartment sizes...