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$400 per wk. Valuation - 1 or 2 wks old. Regards Jason.

As a rough indication the information is on the rates notice. Land value is given as is the capital improved value. Although the body corporate (owners corporation) levy is less in a low rise block than a high rise, this is not my main reason for buying. Older styles flats (ie 60,70, 80's...

Hi jcwc888, Yes, these older types of flats don't come up all that often in the area. There may have been 10 or so sold throughout the year. (Not a properly researched figure, but just from general observations). My wife has inspected the flat above. The street is good - tree lined...

There are some larger developments occuring near the 7 eleven around Flemington Road. These are multi stories/high rise and your agent friend would be correct in saying to try to buy houses/terraces in preference to these. The older, more established part of North Melbourne is around Hotham...

Not sure about a one bedder, but a two would achieve close to 5% return. I own some property in North Melbourne and have found the demand comes from students, professionals working in the city and people working in the hospitals. The area is highly transient though - so it is not uncommon...

Yes, I prefer flats/apartments in low rise blocks - ie no more than 3 stories high. The land content is acceptable and it is possible to still buy a 2 bedder for around $400,000 in some suburbs. You may need to pay slightly more than $400,000 to get a carport/carspace on an accessory title...