hi guys,
I’m looking at purchasing a dual income property 2x units on one title neat tidy, very close to the new Petrie uni. It’s a positive cash flow property from day one so I’m interest anyhow, but has anyone had experience with IP in close proximity to a uni/ train station is also a stone throw away?
Cheers guys
Hi Mozza,
I’ve had no experience with this kind of situation – but one thought that sticks out is the old chestnut of “When a student goes on holiday for 3 months, where does my income come from?” Now in your case, it is NEAR the Uni, but is also near a train station – so that means you might be able to rent to non-students. At this time I think it would be good to consider just which demographic is to be your favoured tenant.
See what others think…..
Benny
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