A friend of mine just settled on a property (2bed unit) in central coast area. Here are the numbers: Purchase price: $322.5 K Bank Valuation: $407K (By a BIG 4 bank, he had good LVR but still asked the bank to do a full valuation) Rental Value $345 per week (Selling agent helped find a tenant who moved in on the same weekend property was settled.) Strata: $600 per quarter (10 units in the small block) Within walking distance from train, water front, school next door. A lot of development planned for the area. To me it looks like a great buy (only if I could find something similar). Anything I am missing here?