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they're unilodge. hard to say too. friend's 3 townhouses in kew (cotham rd) haven't move in last 2 months.

Southbank - highly doubt it would be 400K that would be going back to 2006 prices. Pigeon hole apartments - yeah i got a friend investor who owns 5 of them (good rentals) and hasn't been able to offload to fund other ventures. I previously have owned more than 10 apartments in inner city CBD...

the worst areas i would say is CBD - especially those pigeon hole apartments like 40-60sqm. they hardly sell. Southbank is a no go zone - too many devs and many will overshadow what is already there. but in certain areas -like elizabeth street there is building like victoria one - nearly...