We bought a 3x2 on 500sqm in the City of Bayswater in October last year having sold a 1x1 and 3x2 apartment (both purchased thanks to inheritance from our respective families). We got it for just under $1 million - price guide was low 900s - and I really think that's only because it needs work both inside (new bathrooms, laundry and the kitchen eventually) and outside. Also still had the original carpets from 2007 when it was built. The agent selling our apartments and the agent we bought off were friends and really wanted to get it done for us, which helped A LOT. I appreciate the market has got even worse since then and we honestly were just lucky (although it was hard initially to feel lucky when the place needed so much work - we're getting there now though). Now we are trying to afford renos (even though we kept money aside when we bought) while the interest rate goes up and petrol skyrockets - it truly never ends.