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Actually, if location and community is so important to mum/mom, you should consider renting and buy elsewhere for investment... BUY $300,000 (if lucky): 5% interest = $288/wk based on 100% loan Strata = $34/wk based on $450/qtr on a 1970s walkup unit. Water = $13/wk based on $170/qtr...

Burwood/Strathfield. Maybe Campsie. That's more Mandarin Chinese though. Same same? If lucky, you can still find a few old 1bdrm units going for $350-450k depending on the condition. You'd be looking at studio apartments in the sub 300k range and not in the suburbs listed previously...