QUOTE(tikaram @ Jun 27 2015, 10:12 PM)
Are you sure on the student sg long things?
because someone just booked a unit this afternoon for student investment.
FYI. Chapel Street is not in CBD itself.
Yes I am very sure students are the least proffered tenants there. Not that they don't add value (the fella says students add values to properties) yet they devalue yr property. I have broke those cheap plaster walls in Melbourne before. And it's a compulsory thing to do that you have to pay cleaners to come clean the place every week. Imagine yrself sleeping and the cleaners have access to yr units. He will be cleaning yr place while u r sleeping naked on the couch. No f**ks given. Simply cuz we dirty the place like nobody's biz
Obviously if you are an investor from Malaysia and u have vested yr interest in Melbourne, i would want to rent to anybody. However as an investor yrself, you will leave everything to the management. How the management manages yr property. Unless you are doing everything yrself which is rather ridiculous.
If you are not aware of this, most service residence in melb is managed by estate managers. There will be a hierarchy where the most preferred tenants will be the locals followed by PR followed by foreigners who has working visa then lastly students. They know very well how to manage and add values to those properties they manage
If only you have tried sleeping in your friend's couch in Melbourne while waiting for a place. Try waiting for 6 long months.
Nvm. You can say or think what you want or like. I have been there, done that. The list for not renting to students there can go on forever. If you think renting to students add values to the properties like what the other guy said, that's good for u.
Overseas market is not so much of capital appreciation. It's more of a rental market. The quality of tenants play a significant role in a rental market. Coerect me if I'm wrong
This post has been edited by mthc: Jun 27 2015, 11:06 PM