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Thanks for the clarification and sharing guys. So I guess, Parramatta will be over supplied with OTP apartment in the next 2 years. What's the impact on the rental yield or the CG for the next 10-15 years ?

Ah yes, so I guess that you bought the already existing property rather than the new OTP ? Make sense that way Zach. The older apartment unit, eventhough they don't have a lift/elevator the size is bigger than the newer OTP units.

Ah, do you get some new unit in the HOLROYD complex that used to be a factory ? I've seen some 2 bedders apartment in North Parramatta, but the catch is the laundry is a shared laundry not the private one in the apartment.

People, I'd like to know what's your thoughts and comments regarding investing existing unit / town house in the following area: Holroyd, Harris Park, Parramatta, North Parramatta, Westmead, Wentworthville My goal is to have one or two IPs in one of those area above since they are in...