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Further proof though of what i was saying in the other thread about valuations. These properties go for a premium not 80 cents in the dollar. Even in the crazy market we are in at the moment that house alone would sell for at most 480k, granny flat isnt even 60m2 by the look of it so another...

Crazy price for that. Im a bit sus on the rental figures quoted too. $750 combined is abnormally high i would expect around $680-$700 per week for those in Doonside. Notice the granny flat is empty in the pics...

I agree Serge. To me the only place in Sydney for under 500k that still kind of makes sense for a granny flat is Campbelltown. Penrith/Blacktown forget it.

I doubt you will be able to do it and still come out cash positive in those areas at the moment. Then what have you done? Plonked 600-800k on the outskirts of Sydney where it has already done it's dash for this cycle. A slither of cashlow in a few years and likely no growth & negative equity...