This seems to make very little difference to buyers in this area, probably because it's a privately run facility with predominantly inmates on remand and day release programmes from my understanding. Do you think Malabar/Maroubra has been affected by the presence of Long Bay?
Yeah I had posted something similar to your above post, but the general consensus were, yes, you will smile, but to what value, some maybe x2, x5, or x10 to your current purchase price
I dont think so this will be the case what goes up must come down that includes property. The economy and Australia as a hole will be a lot different in 30 years but it wouldn't surprise me if we have 3 different cycles of boom and bust and end up in this same position we are in now