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Once again many thanks for the tips and suggestion Windy. hopefully more project and gentrification keep on coming for those suburbs near Parramatta. I was looking in Campsie, Canterbury and even around Seven Hills up to Ingleburn area but I haven't heard big project happening near them yet.

Affordable place for long term CG Thanks guys for the sharing and clarification, it seems that Westmead, Wentworthville and Merryland will be a good option to buy for the long term Capital Gain.

Ah I see, Thanks mate. I've never been to that area before so I can't really comment on that.

Far out !!! That's way too much mate. for Parramatta apartment. Hopefully you are recovered now with the profits from elsewhere. On side note: after reading this today http://www.smh.com.au/nsw/parramatta-square-development-moves-forward-after-demolition-approvals-20150518-gh3ydx.html...

Yes, the strata is the major stumble block for me to buy as IP. anywhere in Australia, new building somehow comes with higher Strata fee which increase yearly more than the CPI :-/ Regis Tower in Sydney CBD Castlereagh St. charge $ 1800 per quarter due to them employing 2x professional...

Wow, that's sounds like a very successful CF+ land lord or.. Boarding house owner :-)

+1 for that Yes, that's true. Hence, some suburbs in Sydney is always overflowing with those people. like in Hurstville, Chatswood, Eastwood, Burwood, Ashfield and Sydney CBD chinatown. and in Wollongong as well since they have University of Wollongong and also the largest Buddhist temple...

Or it could be that they've pooled all their family money in, so that the children can have a roof on their study time here in Australia. A drug money cannot go into Australia easily since most of the drug money is cash in hand ;-)

I know how does that feels mate :-) and I can guess it. But for the sake of multicultural reason it shouldn't be discussed here I guess.

Easy, from their parents overseas. After that overcrowd rental like in Sydney CBD for cashflow if the rent is too expensive. Migrants can afford to share like that to survive the high cost of living.

Yes please, let us know how much and which one did you end up with ?

But somehow after reading this article: http://www.propertyobserver.com.au/finding/location/nsw/39031-falling-down-castle-hill-diagnosing-a-suburb-living-way-beyond-its-means.html it is not for a short term CG I guess, I'll take North Parra, because Parramatta area is already over supply...