This spacious one bedroom home, with long term quality tenant sits on the 5th floor of this modern apartment block, with access to top floor entertainment areas.

RETURNS: over 7.4% NET
The PRICE: NOW JUST $389,000
Total income: $34,012 pa
Total expense: $5,186 pa

Only 5 years old, this spacious 53m2 one bedroom apartment enjoys the convenience of Newstead living with transport, shops and cafes all around.

You enter into a warm, air-conditioned open plan 25m2 living area with cloud coloured tiles leading out to the verandah, perfect for entertaining with its triple door opening making it one with the rest of the unit. The modern granite bench kitchen, has ample cupboards and work area.

The bedroom is spacious 11m2 (big enough to comfortably house a king size bed) plus built in robe.
With a long term tenant, over $10k from NRAS, this positively geared investment property is perfect for super or starting your property portfolio.

These numbers dont lie, this wont last.