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West. I'd say Strathfield is the outer most limit of the 'inner west' and even then people will argue that it's 'west'. Given the proximity to Strathfield/Burwood and Parramatta, I think Auburn has room for growth/gentrification.

I think you've missed the boat for this cycle. If you're happy to hold with low yields until rents can catch up, or do a Reno then go for it.