Bless My Cotton Socks... Show Me The Money...
Have I got a deal for you. If you are cashed up, then read on.
This 130sqm three bedroom city apartment is priced to sell at $220,000. And yes there are some building issues so you cannot use it as collateral. But what it means is that you have the opportunity to get returns over 9% nett. Now that's far more than what your bank is giving you right now, so in some ways it's a no brainer. Current appraised rental income is $650.00 per week easily for its central city location. For parents looking for a low-cost university accommodation this would also be a winner.
Carpark option available as well but an extra investment.