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I assumed that "Western Sydney Hype" was a typo & you meant "Type".:o An easy assumption considering the many 'experts' on the area that have never ventured out West. Mind you, buying a dump & reno'ing has always been a valid strategy if you've got the time & skills to do it.

Yep! We're the riff raff! Mine's a 4 bedder. It would bring in more rent, if it were on the market, but I wouldn't use the local Agent. He never has good rental prices. Great for the tenants though!

I wouldn't say there's a LOT of riff raff. Of course, it goes without saying that no matter where you are you will get some, but mostly, the quality of the residents is completely different. I have known of one or two from 2770 (renters), who 'made it' and moved into St Clair for a more...

Unless it's VERY nice, $360 is over market for Whalan. Rents have stabalised and even gone south just slightly. To go out of 2770, you will pay around $50-$80 more for a similar size house. I guess some can't afford it, some are ignorant, some prefer to be near family/friends and others...

Yes, cause every person that lives in 2770 trashes their homes.:rolleyes:

Like some of the others have mentioned, there are a few things missing in your calculation, as well as not factoring the deposit into the equation. When I look at a property, I do the calculation on yield based on the entire cost to me to acquire the property. So....deposit, stamp duty...