Thank you for your respons. Actually the buyer is one of my relative who is interested to invest in property in Australia. So I was thinking to sell 1 of mine to him.

I don’t really understand about a foreigner being a ‘classic case’ for a wrap contract. Can anyone please elaborate a bit more regarding this issue?

Thank you

Regards

Andre

If you thinking to have an investment property in Melb CBD, you should avoid the serviced apartment or student accomodation types of apartment unless you have reasonable amount of money to cover the deposit.

There are a lot of CBD apartments in melbourne that have very tempting rental return and are not under service or student…[Read more]

If you want to rent the second bedroom out, have a look at Franklin St where you might get $200 / week (considering to rent out 1 bedroom apartment is roughly about $300 – $320 mark). However obviously it is a bit far from your work and Telstra Dome (about 10 minutes by tram).

cheers

It is true Surrey, however there are more cost involve with such as building insurance, conveyancer (solicitor), mortgage insurance, etc.

regards