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Buying student accommodation in Melbourne. Good idea?
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So my daughter has just moved to Melbourne to study. Probably with masters at least 5 years. Loss of investment income for equivalent money to buying was about 140 a week. Rent for the student place she was in is 310 a week. Problem is she didn’t like the place. We can rent the one we bought through Unilodge and buy her another one, even up to 250,000 we still come out ahead. Seems to good to be true and a no brainer. So what am I missing?
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- 1 year ago
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