Hey all, Am looking to live back in Sydney CBD (or there abouts). With my borrowing capacity shot to hell, I have been thinking or purchasing a studio apartment. Am craving having my own place, though it has to make some financial sense - would have laughed at even thinking of a studio apartment a year ago. Looking at older style which I can work my 'small space' magic on. Does anybody own and/or live in one? What are your thoughts? Cost will be ~$400,000. ~$500/qtr starta + ~$300/qtr water and council fees. Am thinking of keeping it as an 'investment' property whilst living in it, depreciating the loss. Either way I will be paying rent of $300-350/week regardless where I live, and my total expenses on a place like this will be $500/week. So depreciating $150-200/week for my own place seems reasonable. Please pass on some feedback (good or bad). Thanks.