Melbourne University has long been either Australia’s best University, or the 2nd best university. It is definitely Australia’s oldest university as it was the first one ever established. The University is set within Carlton and is built over a huge expanse of inner-city land. The old sandstone buildings and manicured fields give the school a true air of potential and pure prestige. The four properties introduced below are small apartments that are close to the university. Parents should consider purchasing an apartment as your kids need to live somewhere, and if you feed 4-6 years’ worth of rent money into other landlord’s pockets you wind up with a huge dent in the pocketbook with nothing to show for it. It will remain an investment for years to come, as the proximity to the university will provide keen tenants for many years to come.
Not only is this property super close to Melbourne University for all the benefits listed above, but it is also in close proximity to a High School too, so if any younger siblings are nearby, both kids can walk to their respective institutions. The kitchen is impeccable, with ceasarstone benchtops, stainless steel appliances and open comfy living areas. There is also a secure basement parking spot with room for a bike and storage.
Just a stone’s throw from both Melbourne University and RMIT, the hot little studio apartment is perfect for students wanting to be close to the action. The Melbourne hospital, Royal Park and Queen Victoria Market are all just at arm’s reach. This is a great thing, as for an investment, probably after your uni student child graduates and moves on, there is still a ready demand for tenants available from any of these institutions. The facilities of the apartment are fantastic, with modern kitchen, and delightful bathroom and the building has state of the art security systems. Communal laundry and plenty of bicycle storage as well.
This amazing location is situated on the pumping corner of Swanston and Pelham Street in funky Carlton, its only an arm’s reach to Melbourne Univeristy and RMIT and the world renowned Lygon Street bars, restaurants and cafes. The Queen Victoria Market is just up the road. This spot is currently rented out on a fixed term lease, and returns a very generous rent of $AUD335per week. Delightful modern features include a fully equipped kitchen with gas hot plate, Bar fridge and microwave, Split system heating/cooling and a separate study area and balcony with South facing aspect. This apartment is limited to students only, all investors and/or students looking to buy are most welcome.
This property is basically only aimed at Student accommodation only, so it is ideal for receiving excellent returns. The property once fully furnished, as its newer than new! This beautiful apartment smack bang in the middle of soe of the best restaurants, bars and cafes in the area and its so near to the CBD that a rental price of only $260 per week is a steal!