Everyone wants that elusive hot property, but where in Sydney to find it? Australian Property Monitors economist Matthew Bell believes the best value will be found in suburbs that have historically grown strongly, but fell heavily during the global financial crisis. 'These will typically be the more expensive suburbs in Sydney, and I believe they have already started their outperformance of the more affordable suburbs in the June and September quarters,' he said. Bell's top picks were three Sydney suburbs that had big median price falls in the past two financial years but also have decent gross rental yields to attract investors. These are: beachside Bronte, where in 2008/09 the median house price change was minus 19.5 per cent, while the gross rental yield was up 3.9 per cent; Cabarita, where in 2008-09 the median house price change was minus 20.1 per cent, while gross rental yield was 4.1 per cent; and Wollstonecraft, where in 2008/09 the median price change was minus 7.1 per cent, while the gross rental yield was 4.3 per cent.