See this article:
http://smh.domain.com.au/real-estate-news/is-this-sydneys-cheapest-home-20101022-16wum.html
$100,000 apartments in Auburn. I looked at these (or similar ones) about 12 years ago. think they were going for around $60 to $80k. not much growth.
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were those the old ambassador motel? Very small studios but offering reasonable +ve cashflow & hard to borrow against.
I’d be more inclined to look at a few flats around Penrith.Properties nowadays grows more expensive even though they are already categorized as the cheapest..
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