truth
1) CBD got people rent and able to pay good rent --- when it is new.
2) australian PR/residence will buy from you (subsale) but not the price you buy, it got to be way lower.
3) Some bank doesn't loan CBD units at high margin because of over supply.
4) CBD actual yield is only 2% after guarantee period. the difference who pays ?
5) your unit can't resell to another foreigner buyer, e.g. your friend, your brother. It CAN only resale to PR or citizen.
6) suburban got lesser competition and may be better yield, but those opportunity available to PR only.. remember you as foreigner can only buy new but not from subsale market.
7) Melbourne CBD units (not house), price has been almost stagnant for over 5 to 7 years.
8) The best CURRENT investment in melbourne/sydney is to buy suburb freehold bungalow land near to CBD.. but foreigner can't buy.


Good luck my friend.

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

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

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