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Thanks for the tip Dave. The unit I bought presents nice and is in a nice area (its something I would actually live in, whereas everything else I've looked at I would never live in) and has been renovated, electric roller door, lock up storage etc etc and most of the owners in there are owner...

I've got one in Penrith I can pick up for about 6.8% (off market deal). $210k, rented at $270, can maybe increase to $280/wk. I think I'll have to run some numbers tonight and see if this will be neutral or not. From what everyone has said thus far, Penrith might have some better growth to...

JT7, I would think that increasing sales prices will make it less affordable for people to purchase, and therefore more people will rent rather than purchase and rents will increase? In saying this, Macquarie Bank estimate that the cash rate will drop a further .75%, so it looks as though it...

Thanks for the info JT7. I'll give the plan a good read through tonight. I would personally prefer to live in Penrith than St Marys of Mt Druitt so I would think it will have more growth. But then again there has been a hell of a lot of growth in St Marys/Mt Druitt lately as well..

DaveM, I appreciate the quick response. It's great to hear from someone who knows the area well. What are you seeing in terms of trends with rents? Thanks Mona! I meant to send you a PM to let you know. I agree that Mt Druitt has grown a fair bit.. My parents sold a unit for $210k 3 months...

I've just exchanged contracts on a nice 2bdr unit in Jamisontown which will yield 6.9-7.1% gross (should be neutral after council water strata interest and insurance, give or take $10/week). I've seen units north of the rail line sell for $10-15k more so I think it's a good buy...