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Hi, I live in sydney. While I can’t give you specific info on yields, rentals etc I can tell you abit about WC. WC is located about 15-20minutes by train from the Sydmey CBD and about 10 minutes from Syndey airport.
From a astetic point of view, the development that I have seen at WC is very poor. I wouldn’t rent or but myself, unless I had no choice. Also, WC is nested between Tempe and Arncliffe. In my opinion these aren’t the best places in Sydney.
I believe that on average unit rentals in sydney range from 250 – 300 for something ok. $300 is certainly not the top end of the spectrum. Yields in Sydney are extremely low due to the high cost of property. My view is that property in Sydney is bought forcapital growth rather than rental returns.
Media reports also strongly indicate that the has been an oversupply of units in Sydney. I tend to agree with this assessment Having said that I recall recently seeing on the residex website that units have grown in value by a very small % [I think about 2% or so)in the last 12 months.
How long have you been a property investor?? How many{if any} cashflow positive properties have you found and over what period.??