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For around $200K I'd look at Lakemba & Wiley park first Yields are much better and you are closer to the city It's unlikely that they'll double. I'm thinking that we'll have a scenario where prices go up and sideways or down and up again (just like shares). The timeframe would be longer...

Putting down some selection criteria (good schools, trains, shops, access to m2, m7) will help reduce the number of suburbs. You should then look at sales data and yields. Sales data will tell you the price properties were selling in 2009 and if you can score a property at 2009 prices...