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The first owner would have bought it from the HC. They used to give you the option of buying or renting back then.

As Western Sydney started to rise before the rest of Sydney then it makes sense that it will slow down first too. Some other areas haven't seen a lot of growth yet. I'm waiting for some of them to move. I have one I would sell if the price was right.

WOW! That's very interesting. How fickle is the market!:eek: I went to R&W auction last month just out of interest. CRAZY!! I used to see a few familiar investors at those auctions but only saw one person I know. Looks like lots of new players. And fist home owners. Even the OO went quite...

Anarkali- have you looked into how easy it is to actually split a house? Sounds easy but in reality it rarely is. Fire walls, etc. Have you factored in the cost? Depending on the council it can be $4,000+ just for council costs (if you're lucky). Also you may get approval for a dual occ but a...

Talking to an agent in Baulkham Hills and he said that's the problem. People were getting knocked back on valuations. Our house sold and was knocked back on valuation. Buyer went to another bank, no problem. Just had to extend the cooling off (which was worrying).