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Looks like i'm going to have a lot of competition. Over 700 rooms to be provided by the university. http://www.newcastle.edu.au/current-students/campus-environment/campus-life/accommodation/new-student-accommodation-coming-soon

There is a decent amount of room for the Lounge and tv. The display suit had a dining table opposite the front door and the lounge to the left of it facing the tv on the wall. Three bedder had a dining table and lounge, but the lounge was really too close to the wall for there to be a normal tv.

This two bedder design is pretty fancy, As the laundry has it's own space combined with the 2nd toilet and access to the backyard.

Street Parking is fine. Quiet street.

The car park is to provide flexibility to rent to family or others than just students. It would also allow me to leave the current car park space devoted to the main house.

Thanks, Any concerns about the cost of the two bedder when the return on the 3 bedder is likely to be higher? Or the valuation of the property will be way less than what i spend on the 2 bedder. I do have the option to shrink the two bedder to 50sqm and save about $8,000.

Hello, I am soon to settle on an IP purchase in Birmingham Gardens (Newcastle). I felt I paid good price for property, currently negatively geared but want to make it cash flow positive through Student accommodation and Granny Flat. If I move very quickly it is likely that I can build in...