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If anyone has interest, there's a new stage of a development launching soon in Nundah, QLD that's bout 50% NRAS. It's right near the train station, commerial and retail and the brand new airport tunnel makes it less than a 10 min drive to the CBD. http://www.circanundah.com.au/ I have...

Valid points Euro.

Thanks. Makes sense. I am pretty sure "Quarry" apartments 800m down the road have sold swiftly too. Looked like a steal with NRAS approval.

What are people's thoughts on something like this? (Curious only, I don't have the means to invest for a few years). http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/NSW/Marrickville/?adid=2009305915 The price does seem a TAD inflated, but assuming it's no worse than neutrally...