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This is not due to be completed until at least 2016. A couple of year later than the previous government had indicated. Not sure it will have any affect on prices until the track is much closer to completion.

You should walk through Moonee Ponds shopping centre and parts of Puckle Street. There are a number of stores that have closed and retail properties up for let. I suspect its symptomatic of what is happening to retail more broadly.

PC land values were coming off a very low base relative to land in more established areas. Add migration levels into Melbourne, the demographic choosing these areas to live in, the mini-price burst we had in 2009 and early 2010, then it is not surprising that values have increased that much...

You cannot seriously take this supersized McMansion, that is not representative in scale, design, quality or fitout for most newly built homes (at least from what you can tell from the pics), as being representative of a typical new build. You could build a single story 4br, 2 bathroom...