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Hi I am not familiar with the Sydney property market but I am sort of shocked that you are looking at under 50sqm with a $1m budget. With that sort of budget look for something larger with at least 2 bedrooms and most certainly stay away from any dedicated student type accommodation with $1m...

Hi For investment reasons I would say give it a pass. Having said that we purchased one in Box Hill, Victoria a couple of months ago for the following reasons which may be applicable in your circumstances: 1) We paid 50% ($110,000) of what it previously sold for back when it was new in 2007...