I am looking at some new developments in Mt Druitt (the actual Mt Druitt) near the station. Its a 2 bed 2 bath unit around 400K brand new. I am wondering what exactly is wrong with this investment or it is just my investment strategy which cannot find anything wrong with it. If I pay 100K down for this the loan for 300K is approx. $1050 p/m. The rent is approx. 1600 p/m which pretty much covers the stuff on top of it like strata etc. Plus I get a lot of depreciation as well because the property is new. I am trying to figure out why would someone not buy it? I certainly not think it will dive down to 350K in the next couple of years so whats the risk?