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I don't think Wylie, or anyone else would have a problem with this property because of the above statement. The ones that a lot of people have issues with are standard houses where the students are crammed in like sardines and are NOT legal.

You will find that most will have no issues if you are doing it legally. There are specific numbers of unrelated parties that are allowed to reside in a property. If you have above this number of tenants, then you are not following the rules.

Firstly, the example you gave was a 2 bedroom unit. That's a lot different to a 4 bedroom house. Yes, people make money doing this BUT in order for you to obtain the best income you need to have a home with the largest amount of bedrooms that this is suitable for. Checking with Council will...

I wouldn't go to that much risk for an extra $50pw.