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Just an observation mate no claims or anything. Just go for a walk around at night and see for yourself. Have a read below too : http://www.abc.net.au/news/2014-11-12/water-use-study-highlights-empty-flats-in-melbournes-docklands/5886246

+1 Freckle walking about Docklands at night and you can see 90% empty apartments with no lights on at night. It will go bad before it gets better Cheers

Totally agree with the above but the issue is that it's becoming unaffordable for the locals. Latest numbers on first home buyers in Sydney where less than 1%.

Very insightful comments everyone, thanks for that. Indeed, the lower AUD might be a good incentive for foreign buyers but at the same time Capital loss can be a deterrer as mentioned a few times above. let's consider the scenario where the AUD goes down to 0.73 - 0.75 since most...

Hey guys, As many of you know the AUD has been going downwards for a while now. What are your thoughts on the tanking AUD in regards to the housing market? I can think of the below(can be right or wrong!): - a discount for foreigners or USD holders for example, meaning more competition...