http://m.realestate.com.au/property-...ield-112440235
buy in Ashfield. 15 mins to city by train. 400k 2 bedder. can live in one room andrent out other. borrow 360k and monthly payment is around 2k so thats less than $500 a week.

disclaimer: i have no association with that unit. just a random search. for a 1 bedder ashfield can get it for $330k.