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Yes as mentioned the SEO world has many many considerations – domain name just being on of them, and a small one I would say in my opinion. It could help but there is so much more that together would achieve results. The document linked in the previous message is a good start.

Sydneydoors.com.au would be more relevant then bluedoors.com.au I agree.

The move in my understanding with the Panda Update is towards content content content and relevance to community. Of course backlinking is still a key but be very careful with any bulk purchasing where it becomes unnatural.

Good luck, it is a tricky part of the business model but a rewarding one when you start getting results.