Chealsea

We deliberately looked for a suburb away from the train line. I drive to the train station each morning and train it in. I work in the city and find it okay. If you are looking for a suburb on the train line, I am unsure why you would buy here. I know that there are regular bus services to Parramatta and the city too. As for captial growth, if you bought/built in the market peak a few years ago then I would tend to agree that any capital growth would have been minimal, although this is the same in every suburb.

You can blame Riverbank Real Estate for the lack in property value growth. They are selling properties for way too cheap making it difficult to get a decent return on our property.

I haven't dealt with the REA that you mentioned, but in my experience the agent is just interested in making the sale. They don't seem concerned with the sale price, as long as it is sold and they get their commission. Any extra $$ on the sale doesn't mean too much in commission to them, so they will try and get sellers to reduce the sale price of their homes for a quick sale. There are plenty of "questionable" real estate agents out there, but at the end of the day it is the "buyer" and "seller" that determine the price. If there are people within Pemulwuy that are willing to sell their properties for a price that you feel is "too cheap", then unfortunately it will have a negative affect on the price of your property. I am confident that there will be continued growth within Pemulwuy over the next five to ten years.