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Adbough... TBH don't know .. I have only have around 5 mins to chat with him. He said his first one OTP he bought for 380k (I don't know if this is 2 bed or 1 bed), while now it has been valued around 850+.... You can find him if you want, he works with Chris Gray Yourempire.com.

Wow that guy is indo :P Nah i encountered this guy in Seminar, I couldn't believed it myself that he is only 30 and he owned more 10 mill worth of IP. He has started buying in 2008 or so and all his portfolio is in Zetland.... I refused to believed it at first, but it work for him..... It just...

Jerrybee... I Agree DD and good strategy is the key. From what i learned is not to rely too much on CG only. It's should be both CG and CF (Treat CG as bonus).

Sorry you're right. The OP was originally asking for parramatta. I was clearly against parramatta from the beginning. But what I want to speak out is, there's no one strategy fits all. I learned and see that there're different types of strategy that investor used, and if you are structured...

Whether there is going to be CG or not, no one can predict the future. Who know..... For me Investing should be slow and boring, and the most important thing is the cashflow. And to some, they prefer to invest in their own backyard, and there's nothing wrong with that.

I Agree. Just don't want people to have an idea that Every single OTP is bad forever.. I mean if you do find a good one (i know it's impossible :P) in a good area location, then go ahead and buy it :) Your OTP must have grown in value so much by now, and you'll be in positive cash flow +...

That's why you do your DD.... See what's happening in the area.... Make sure there's height restriction, and there are no major development one after another.

ummm No not in Parramatta no way. Over supply does not occur in all of Sydney. It will occur in some part of Sydney. And as I said.. if you can get OTP for almost the same price of the established one Why not ? Ok I know this is not a realistic example, but say the median of a 2 bed...

Nono... sorry i must have misinterpreted my comment... What I'm trying to say is if you can find an OTP apartment that can give you 5-5.2% rental yield with the price not too far from established property.... I don't see any problem But as i said, i dont think such property exist anymore.

Hi JohnHenry.. it really depend on the return that you're getting. If you can buy an OTP for 800k where it can give you ~800/week rental income with low strata, then i don't see any issue buying it. The problem is... I don' think such OTP property exist anymore

that's most likely a studio

Hi Freya, Do you know that you don't need 20% deposit to buy a property? There's is this thing called Lenders mortgage insurance, which can be included in your mortgage if you don't have 20% deposit some people I know purchased a property with 5% deposit. I don't think the way you measure...

Don't get me wrong, OTP can be good if you purchase them in the rising market. But we're in the peak of the market right now, so wouldn't recommend buying OTP. For Investment Bankstown is good though - Bankstown might ended up getting the new automated train like in North West line (not...

Be mindful that on settlement/completion, the bank valuation might be 50-100k lower than the actual purchase price. P.S Just to give you a comparison on how expensive the Paramatta unit is. I too bought an OTP back in Mid 2013 (before having much knowledge on investment property) and it is...

Hi Freya, I live around the area and I myself have been looking previously mainly around Parramatta, as I believe the CG and yield will be strong in the next decade or so due to coming infrastructure, job creation (CBA is planning to move all their employees from Olympic park to Parramatta in...