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Gremlin, I agree but my comments about prices not dropping was aimed at those prestige riverfront properties. I agree that in the short term nobody will be rushing to buy flood affected properties, unless it is at give away prices. Why would they buy at give away prices unless they think prices...

You made a good point here. Anybody who has stretched themselves will possibly sell at a discount to rid themselves of a problem. But this would happen no matter the trigger. The fact that thousands of people suddenly have problems will not help the market, in my opinion (and I'm no expert)...

I was 14 and houses on the river belonged to the rich back then, just like now. I think many riverside houses now are owned by wealthy people who were around in 1974 and, like myself, know that river front properties (think New Farm, Chelmer, you get the drift.... expensive suburbs - especially...

Well, our son would not be able to pay his brand new, shiny mortgage, just for starters...... unless he rented it to seven workers :D

I don't think river frontage prices will cool. I know it is a generalisation (and I don't like generalisations generally :p) but if you can afford a house on the river, you can either afford flood insurance or can afford to re-gyprock and run new power through if that is necessary. I know it is...

Me too.....