Thanks G.I live in Melbourne and so I suppose I have been limiting my initial investigations to Melbourne and surrounds, as I am comforted by the ability to 'see' the property and attend if I have to.  However, given the prices in Melbourne for properties that are not serviced apartments I am tempted to have a look at other areas.I shall need to…[Read more]

Thanks Globaltraveller,I appreciate what you say about the finance.  I went to my lender the other day (RESI) and told them about my initial thinking.  They said that they do not normally finance either serviced apartments or student accommodation.  When I asked why (based on the fact that they will allow for a rental return that covers sl…[Read more]

Thanks JacM.  I will investigate the tenant protection insurance to gain a greater understanding and consider my options.I must say that I have previously heard of your argument that 'it is the land which appreciates' and therefore an apartment, which occupies far less actual land, or just air space, is less likely to appreciate.  However, from m…[Read more]