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I missed out on a 2 bedder in Redfern almost 2 years ago (2 years in July) which sold for $615k at the time. 3 weeks ago identical apartment sold for $850k, think the boat may have sailed, but who knows in this market.. There are several new apartments going up all over the place in Redfern...

Have you had a look at this place impala, or interested? I had a look and it has water damage (you can see in the photos of the living room), quoted $100k - $300k to fix (would be up for 45% of this cost - strata entitlement)! Still looks interesting, but not sure whether to just steer clear of...