Bought: 2001 AU$130,000
Current Value: AU$200-210,000
Monthly Rent: AU$760
Monthly Management Fees: AU$54

Description: 1 bedroom apartment in inner-city Melbourne, includes under-cover parking and located near schools and shopping areas.

I bought this apartment a few years ago before moving to Japan. It has performed fairly well in terms of capital gain and rents very well. I have had 3 tenants in 4 years, but haven’t missed one week in rent. It also has a storage locker which I use myself and has been great for storage while I have been living in Japan. I painted it myself and added new fixtures such as blinds and lights to give it a more modern feeling.