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These numbers look good!

Rates are low - so cheaper to buy than rent.

John I think yields in Penrith would be around 6% or less for units, where as Mt Druitt you may still be able to get something around 6.5%. Rents have definitely eased, with increase in the number of properties available for rent. As JT7 mentioned above, it is FHB buying their own places, and...

Congratulations John!! That is very exciting. I would go for Penrith over Mt Druitt if you are looking for older units - just thinking in terms of growth, as Mt Druitt and St Marys have increased a fair bit in the last 6 mths. However, by all means keep an eye on Mt Druitt - I think Mt Druitt...