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I think it's a lot about stigma. Can you imagine Macquarie Bank setting its headquarters in the suburb? They'd probably lose 90% of their high net wealth clients. And imagine dialing in to Dubai for a conference. "Hi we're calling from Dandenong. Oh that's just the 2nd CBD of Melbourne, if that...

Well said, having a lot of people doesn't make it a "CBD". Ghettos also have al ot of people. The question is always the same, is it the demographics that will drive prices in the long-run and how far will this particular demographics drive prices? There's a limit on how much factory workers can...