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What happens is the HC properties are sold and the occupants just rent privately in the same area with the rent subsidised by the Govt/HC. Its the same thing, just a different way of going about it. Different Govt policy. They stay in the area BTW: An interesting phenomenon of the Woy Woy...

I should re phrase that to 'artificially created, short term, growth spurt'

Thank god for the GFC. (lowest rates in 40-50 years, massive stimulus, FHBG boost, etc etc). It was artificially created growth.

Are you crazy sash? I dont know what you base this stuff on. The biggest laugh on the peninsula is Gloria Jeans at Deepwater Plaza on cheque day. Its like the Jerry Springer show on steroids. Seriously funny. If that's the definition of the latte set, then so be it. But if you're into...

Mate, i was born there and spent the last 9 years living between there and Sydney's inner west and still own property there. I know a couple of agents there and i keep my ear to the ground property and socially wise. I said i know the area like the back of my hand. The place is absolutely...

I know that area like the back of my hand (and have had property there for a long time) and its a very low income area where they don't pay much rent. Or more accurately cant. You'll be very lucky to get 6.32% gross yield there. The Woy Woy peninsula has loooong periods of stagnate growth as...