Having all of your investments in one place has plenty of appeal: imagine having easy access for inspections, the ability to engage the one agent, and not having to deal with any frustrating neighbours.
For those investors who don't believe in taking the gradual approach, or just can't be bothered inspecting any more investment spots, there are plenty of multi-unit blocks up for sale. Here are just three that might pique your interest.
1. 118 Milson Road, Cremorne Point, NSW 2090
All 12 two-bedroom units at 118 Milson Road are up for auction. Listing agency Croll Real Estate is advertising the block as strata subdivision approved. Cremorne Point's current median unit price is sitting at $1.2 million, according to CoreLogic RP Data, with a weekly advertised rent of $750, although recently advertised rental prices for units in the block suggest a price around the $500 a week range. No price guide is listed – but expect the block to sell well into the multi-millions when it goes up for auction on 1 December.
2. 1796 Gold Coast Highway, Burleigh Heads, Qld 4220
With seven income-producing flats, comprising one three-bedroom, four two-bedrooms, a one-bedroom and another a studio apartment – this complex in Burleigh Heads reads like an established portfolio. There' s an in-ground pool and off-street parking for six cars, and the complex is returning $99,000 gross rental income per annum, according to listing agent Ray White Burleigh Heads. But is the $2.6 million buy-in price worth it?
3. 1-3/199 Plummer Street, South Albury, NSW 2640
Now here's a more affordable entry point into the market. For less than a family home might cost in Australia's cheapest capital cities, investors can get their hands on three two-bedroom units with a combined gross rental return of $24,960. The location might not be as glamorous as Sydney or the Gold Coast – being in the regional suburb of South Albury – but listing agency Zelle Albury assures prospective purchases that the flats have a solid rental history and that the block is located "in the growth area of the region".
