Had a look at a couple of 2 bedroom apartments over the weekend in Lakemba.
Seems that the going rates are around the 310 - 335K bracket with a rental return of $330 - 380 / week.
Wonder if anybody has some additional information on Lakemba or has bought lately there?
Lakemba units CG have performed well - see attached chart.
From a base of approx $175K in 2007 to closer to $275K in 2013. Slow and steady growth of $100K for anyone who was game enough to buy when all the pre, mid, post GFC doom and gloom merchants were predicting the EOTWAWKI!
Can't really answer your question Ping but I was having a bit of a look there and also in neighbouring Campsie and Belmore. It seems at the moment there is a fair few more units for sale and rent in Lakemba than the other suburbs I mentioned (not quite sure why, could anyone suggest why). I am considering these suburbs because they are pretty much the closest to the city and on a train line I can get for my budget (apart from studios).