[lccorp1997Member@lccorp1997Join Date: 2009Post Count: 5]

September 23, 2009 - 1:17 pm

back when i was a student, i stayed at unilodge brisbane for 1 semester.

the biggest hurdle is that as mentioned you can only rent out to students and not privately. you must have a student visa to apply to stay there.

the apts are very small, the smallest studio is only 18 sqm i believe. as mentioned getting finance can be hard.

low capital growth as student apartments are a dime a dozen and there's nothing special about these.

i don't know about sydney but the brisbane manager was crap. the only thing unilodge really care about is milking students for their $$$.

the walls are very thin.

students might not stay for the entire year, especially over summer.

[lccorp1997Member@lccorp1997Join Date: 2009Post Count: 5]

August 16, 2009 - 4:52 am

Problem is, the majority of apartments seem to be serviced apartments, although there are some new developments being built.

saka888, could you just throw out one example of a non-serviced apartment out there as an example?

[lccorp1997Member@lccorp1997Join Date: 2009Post Count: 5]

July 9, 2009 - 7:53 am

by student accomodation i guess you are referring to those in which the terms of the lease explicitly state students only

in a similar vein to the previous question,
there are apartments in serviced apartment complexes being rented out privately as separate normal residential units (long term lease etc). to all extents no different from any other apartment just that its located in the complex. im staying in one myself right now…

these shouldn't be any different growth-wise from the norm, ya?
any opinions on those?

[lccorp1997Member@lccorp1997Join Date: 2009Post Count: 5]

July 9, 2009 - 3:55 am

Blacklab,

I think what the book probably meant was,

if you have already have some negatively geared properties, try to buy some positively geared properties to kinda balance things out and make it easier on your cashflow.

I think your reasoning in the initial post makes perfect sense.

The whole issue about +ve geared having lower capital growth is another separate debate altogether

[lccorp1997Member@lccorp1997Join Date: 2009Post Count: 5]

July 7, 2009 - 6:18 am

<<
Oh really? That's a surprise, they really 'sold it' by claiming it was 100%…
What are the significant shortcomings?
>>

>>
No you are right Terry the MISA is not a fully transactional offset account and therefore has significant shortcomings.
<<

Seems like 100% offset doesnt apply to fixed rate loans, only the SVR loans
And there is a minimum account balance of $1000 before interest offset kicks in

So what are the significant shortcomings?