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I'm Australia resident but my financial situation didn't allow me to buy an older apt which I need to pay 20% first. This is the main reason I only think about buying OTP. 750k is all I can afford for an OPT. The major concern for me is the potential rise in the market price in parramatta...

haha now I am about to think change to other suburbs, like bankstown, st marys. It's for investment so I would never live in there, the thing I'm concern is growth rate and rental yield. Bankstown has better rental yield&growth rate than Parramatta, it's on my list now.

Thanks for all your help. I am Chinese and my agent is Chinese and all my friends who are talking about buying an OTP apt in Parramatta with 750k is so cheap are Chinese, however I think it is good that I found here so I can listen to different voice or maybe the voice from local people. I...

It's not the Meriton one, that one is near parramatta river and it takes 15 mins to walk to train station(2 bedrooms unit sells for above 820k). The one I am thinking is just besides the train station. Guess how much for a 3 bedrooms+2 bathrooms unit in this apartment? Above 1m! Crazy! 90%...

My financial situation only allows me to pay up to 10% for the first payment which is exactly the amount I need to pay for an off the plan. I don't think I can afford older building:(

I didn't sign any contract, just paid the $5000 for EOI which allows me to choose the unit. If I decide not to buy, I can get my money back. Forget about OTP, any suggestions about investing in Parramatta?

It's my first time to think about property investment. Currently I am really interested in an off the plan in Parramatta: 500 metres from train station, will be the highest apartment in Parramatta (40 levels) besides Deloitte, near NSW Police Force, will be settled in the end of 2017 which can...