bought 2 years back  ? already sold or renting out ? Still got GGR is it ? when got rental guarantee it is good, but when it is over, you will start to see the true color.

South yarra is not consider CBD.. as to my knowledge, 2~3% yield is about there those apartment..

5% yield have to go further inside.. like 20km from CBD

Southbank... good rental, slow growth I guess. Probably looking at 12-15 years for 50% growth. Good rental though.

southbank area is not small. make sure it is easy accessible with tram and have sunlight coming in coz aussie love sunlight
southbank popular with indon and prc

Which block you buying? Inner city apartments will always have no worries to rent out. Aus apartment projects are very small scale comparing to KL projects. Usually a new project only have like 200, 300 units, whereas in KL tends to have like thousands.... So the supply side, I think cbd is never enough, cuz Aus has very bad infrastructure, no MRT, only relies on train and tram (lucky for melb). So people still like to live as close to cbd as possible as that's where the life is. But growth wise, it's a lot slower as aussies tend to live in low density suburbs, so they feel scared and try not to buy in highly densed area. But I think that will change slowly.

not that i heard of but simple google bring me to this http://www.housing.vic.gov.au/national-ren...dability-scheme

note that this is for victoria only as other states also have this scheme but different rules.

i believe this only applies to PR and citizen so im not sure international student available for this scheme. there's also household income limit(from $47k pa) to be eligible which i think those people who afford to rent a property in southbank earning more than that. also, u have to provide many documents to apply which i think many people will skip it. it's just renting so is not worth the hassle. might as well look for other property with cheap rental

https://www.dss.gov.au/sites/default/files/...s_factsheet.pdf

i always heard about salesman trying to boast "rare scheme" but actually just useless.

location nto bad and i believe the tram stop is just across the street along city and bridge st. maybe about 5-10 minuts walking. not sure how noisy it is because there is a freeway(highway) around
dont worry about oversupply but u have to worry about job market more.
also hope international students are not saturated too

Hi....i am thinking of investing in Melbourne properties as well.

What's the process that you went through?  Like bank loans, etc.
Did you buy apartment or landed property?

I am still contemplating on this.

Problem with buying apartment is you are actually paying a premium of 15% over market value as a foreign buyer. Further the price of apartments in the CBD may deflate due to oversupply. Most locals will not buy CBD properties at inflated prices.

However, landed property may have a better prospect of capital gain.

Thought only Aussie citizen and pr are eligible to buy subsell?

Yes.
Plus side is should be easer to get tenants. However, at the rate they are building, don't know how long this can last!
When there are too many, the rents will fall. It will be the tenants' market to choose.
I read rents are already falling

That's the worry. Over production.

The main worry is that there is over supply whereby you may even find difficulty in renting out at good prices.

Please everybody be VERY , VERY careful when you want to buy Australia property.  Don’t be fool with those stories of people making tons of $$$ over there.  There are lots of traps and if you kena one of those, regret also no use lah.
Especially if you buy off the plan.  Don’t be fooled with the 10% payment only now and balance on completion .  No so easy for you to win one.
Heard of sunset clause in the S&P  agreement?  This one is a killer, - if heads the developer win and if tails you lose.
When value of property zoom up, developer can rescind the contract with all sorts of excuses and if property value half dead , then you end holding the baby. 

Yes if you have gone in before 2011 -  make good $ and also worth the effort after deducting tax etc etc.

Permenant residence (PR) gets to buy foreign investor's auction unit at much lower price. those product is not available to foreigner like you or me.

You knew and still bought it then nothing to complaint lor,  there are sooooo many projects in Melbourne and Sydney that only to attracts foreigners.

I see, my friend at Melbourne once said :- "if you die die want to buy Melbourne, buy those where local people will buy from you. those good suburb like southbank, toorak, good school area. Avoid CBD, even banks doesn't like financing CBD props." 

Hope this helps