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yep - the old "if you build it they will come" prophecy. I would rather have limited supply + desirability.

Good points Skater. Lamecrocs - I have invested across the country but am from Sydney. I left Sydney 7 yrs ago and sea changed down to the Shoalhaven. In my view its beautiful, affordable, underdeveloped, a short drive to Sydney, small (compared to northside) but growing population and the...

I agree with NHG - there are deals with profit in any market for the right person but the buyer demand for sub 400k Sydney property is so fierce that you just don't get much for this and are unlikely to get a bargain. There is also the cycle argument and whether the best buying time in Sydney...