Also you have to realise in Sydney, majority of people prefer to rent only if it is close to the city or close by the beach e.g. Bondi etc. I know someone who bought in St Leonards on Pacific Highway for a 75 meter square 2 bedroom with 1 bathroom apartment off the plan at around $750k. That was bought in 2014. I suggest you only buy in the lower north shore and eastern suburbs as you will have young professionals renting and it is less hassle with chasing up on rent etc. Or you look at inner city like Chippendale, Newtown, Alexandria, Redfern, Surry Hills, Pyrmont, Ultimo and Paddington etc These areas also attract many renters,
Also another person who bought in Melbourne with the apartment providing a guarantee rental income of 10% yield for a limited amount of time (unsure of the period) if there are no tenants renting. Don't listen to the real estate agents only, check yourself via the internet :)
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