Hi Russell,
Some of the inner city suburbs like Cooks Hill have actually defied the trend and appreciated quite a lot in the last 12 months. The mall redevelopment is up in the air as the developer GPT want the rail line cut at Wickham before they will commence. This has caused huge debate and much to-ing and fro-ing from various groups. I wouldn't be confident it'll get off the ground. The mall has recently been re-opened to traffic for the first time in like 30 years and businesses have reported increased trade.
Have a look at Carrington as well because they are really doing a transformation there and maybe Islington which is one of the cities "red light" hotspots but they are really cleaning it up.
Cheers
Veg.
