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This could be a perfect long term investment where current rent brings more than the loan repayment.
The rent should cover your mortgage repayments even after all outgoings and fees. This studio apartment for students only is located within walking distance to University which makes it very attractive, considering all key amenities that surround this location.
It comprises an open plan kitchen/living/bedroom, central bathroom. Features split system heating and cooling and balcony. The apartment is fully furnished and currently tenanted ($1000 per month).
An ideal investment, short stroll to shopping, bus, tram stop out the front and only 7km approx. to CBD.