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Although I'm not in Qld, and have zero direct knowledge of the immediate area, I would still agree with Wylie. Why? Riverfront is a desirable location. People who buy riverfront, buy with the knowledge that rivers can and do flood from time to time. They really don't care and will still...

At the risk of pulling this thread more off track, let me just say this. Yes, you could get a new house at those prices, but if you are buying on the outskirts of Sydney why would a FHO be looking at this price bracket when there are plenty of entry level homes available for well under $300k...