Just bought a 2 bed apartment in Rosebery, had no problems getting tenants for it with a 5.9% yield. I've been closely watching the Alexandria/Rosebery/Mascot areas and think out of the affordable inner city Sydney areas this area has strong potential.

There is currently a renewal program happening that covers the Green Square area surrounding Alexandria, Rosebery, Beaconsfield. These areas are largely light-industrial with a lot of warehouses that are slowly being converted. It might take time for this area to change, but it will change and I think now is a good time to buy and hold. Just stay away from noisy Botany Road or any major roads linking up to the airport.