I am investing in these areas because they are new communities and low price:

Brooks Reach – Brooks Reach at Horsley sets a new standard for relaxed and family-friendly living in the region and is one of our most picturesque communities.

Located in the foothills of the Illawarra escarpment with a beautiful mountain backdrop, the community is only minutes from shopping, cafes and schools, and a short drive to famous Wollongong beaches.

Aberglasslyn where you can live an active and healthy life in a brand new home close to all the day-to-day services you need.

Overlooking the Oakhampton Wetlands, McKeachie’s Run is a tranquil place where your children can grow up surrounded by parks, sporting fields and bike riding paths.

Wishing you success. I work in partnership with Stockland and they have created great communities. One area which is great for investment is Aberglasslyn, NSW 2320
Your can find good houses for less than $450,000 for investment. Follow the link below for some examples. Keep renting, only invest in assets, ideally buy houses not apartments as you can not add value to an apartment.
http://www.realestate.com.au/buy/property-house-between-300000-450000-in-aberglasslyn%2c+nsw+2320/list-1?source=location-search