Michael Oldfield

What theme will win this decade?

This is the seventh investment property I purchased this year. Studio apartment - essentially like a motel room. $105k, came furnished. Others in the complex seem to rent for $150ish per night on booking dot com. So I might give that platform a try. Strata fees very high, like $1500 per quarter, so that eats into the revenue from the place. But as a short term rental it should be easily positively geared. These rooms rent out long term for like $450-ish per week for some reason. Prob coz they rent to people blacklisted on normal tenancy databases imo. Complex is fairly nice. BBQ and Pool area lovely, and right near the beach. I currently have it rented out to someone who needed a place short term so once it's vacant I'll list it on booking dot com and Airbnb and see how it goes. Negative about it is because it's under 50m2 banks here in Aus aren't interested in lending against it. I checked with zoning regs and strata by-laws and it can be rented long term, lived in permanently, or used as short term rental. So quite a versatile little property but ideally it's just a short term rental dwelling.

Correction: An earlier tweet incorrectly suggested that Trudeau would temporarily suspend civil liberties. We deleted the incorrect tweet.