1. Councils will eventually get more rates and fees. No matter what happens someone will occupy those dwellings eventually and no matter what happens someone is going to have to pay rates and taxes on them.
2. Without developers seeing a quick buck, there would be no residential construction boom and the economy of Syd, Melb and Bris would be growing slower than they have been.
3. Idiot investors a lot of them believe the bulls forecast of a housing shortage for another decade and that rents were going to continue to rise because of it.
4. Those cheapies will decline in value and the value proposition compared to buying a house further from the CBD will mean some buyers will choose a cheap apartment and driving reduced demand for housing in the fringe. This reduced demand should then drive an inward contagion that lowers demand and prices towards CBD locations.
