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Giddy-up is right - the CBD/Southbank has done very badly in terms of capital growth. But that's mainly because even though land values have gone up, you have to divide that growth by the 100s of apartments on one block of land.

bah 500 and no car park? tell him to forget it.

I just had a look at the website. It looks sexy but what are the other options? how much are 1 bedroom, 3 bedroom apartments (if they exist?)

look everyone knows that the area around Victoria Street, near Abbotsford isn't the good part of Richmond. But $500,000 for a 2 bedroom apartment is OK depending on the quality of the furnishings. If it's cheap appliances/fixtures then it's definitely not worth it - esp. given its location.