Yes, a gross rental return of about 9.4%, and close to 5% nett, after rates, on-site management and Body Corporate. Not only that, these are less than five years old, so your maintenance cost is minimal.
Hard to find a better investment, and only 50 metres from the beach. Long leases in place with happy tenants.
The unit comprises one bedroom, bathroom with laundry, living room, dining and kitchen. The carport is separate but close. The complex has a clubhouse, and you can fish in the lake. Not wonder the tenants are happy!!