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not sure how you came to that assumption I'm saying that anything half decent and rentable is getting picked up by mum and dad investors for inflated prices and the only real way to pick up a bargain and make money in 2770 nowadays is buying a dump and renoing

I would not buy in 2770 unless there are crazy yields and insta-equity up for grabs (will require significant reno work thanks to the current western sydney hype) Don't get caught up in it...neutrally geared stock can be found in much 'nicer' areas...