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I doubt that it's just interest rates as not all capital cities are currently experiencing sales or price growth (might be a different view in Sydney), and there were some areas that were surging even when interest rates were higher a few years ago. Population growth, economic growth and...

There's quite a few apartments being built with this development (several buildings and over 300 apartments) appearing to be the main culprit: http://southsideproperty.com.au/developments/circa/

On new infrastructure projects, combined bus/rail tunnel between Dutton Park and Bowen Hills to get under way.