Hi. I've had the pleasure to meet with a multi-millionaire investor specialising in both commercial and residential real estate investing and - he gave me a bit of advice. Although he did not directly state it. It was more through his body language and tone of voice as I asked him questions where the answers lied. Based on my interaction with Jamie I concluded: Not Newcastle itself - but rather toward Maitland and Singleton - although not so far - there are golden opportunities to purchase large properties with houses for bargain prices. From an economic stand-point, also from my own experience in marketing, although the slogan "SEE CHANGE" is all over the streets of Newcastle, it doesn't make sense to me to invest close to the CBD. Given that homes in Manly, Bondi, Ryde, Parramatta, Chatswood and so on are not so expensive because they are "nice areas" or "close to work". Rather, SCARCITY is the reason. In saying this, Newcastle itself will not become Sydney/Brisbane/SunshineC/GoldC and so on until ITS SURROUNDING SUBURBS are filled. This in turn in synergy will stimulate Newcastle's economy/demand/price. The reason I posted this thread is not to preach advice. Rather to engage the community to reconsider investing in "hot spots" when there are bargains to be found out West.