I went to Sydney earlier this year and had a look at different parts of the market and liked Parramatta's prospects. I know many renters are looking for 3 x 2 apartments with 2 parking bays close to amenities and especially within 1km of a train station. Stock is very low to non existent in many desirable parts of Sydney for this type of dwelling or too expensive. My friends rent in Dulwich Hill for over $850 per week for example and they said it’s cheap for the area. My research of the area and surrounds seems to back up that claim. 1304/36-46 Cowper Street, Parramatta, NSW 2150 I am interested in some thoughts as to the above location With the below specs for an IP. 602/2 River Road West, Parramatta, NSW 2150 My thoughts are: Purchase price approx $750k, Rent approx $750 p/w, Gross yield 5%. My concern is supply. There is a lot of investment happening in and around Paramatta with many projects to start and finish over the next decade. Whilst currently there is very little stock now and new supply of 3 x 2 x 2 car parking bay apartments are generally limited is there potential for CG as well as decent Gross Rental Yield in this play?