Quote Originally Posted by harrybarracuda View Post
But it seems they are selling bits off it off to the chinkies for a tidy profit, and land prices have skyrocketed as a result.

But having said that there appears to be a bit of a squabble about zoning and planning permission.

https://www.theage.com.au/national/v...21-p4z15r.html
No one wanted the land, that's why the government bought it, speculates came in when the grand plans the gov. had for the development of the area.

Well those grand plans and billions of dollars worth of infrastructure are not happening, even the Government says 80% of people movements will be by foot or bicycle, no public transport.

So if you want to go to the city, you walk, ride or swim over the Yarra river, not a Chinese thing, Australians are not going to pay 1/2 million dollars for a one bedroom apartment.

April this year 220 apartments were put on the market, off the plan buying, 3 were sold.