most conservative investors would steer clear of a run down bogan/feral suburb...full of crims and strippers
and the bears were hailing this as a great example of the housing bust...
sounds like old redfern, in the 60's....
unless the cops clean it up, the council cleans it up, it will be a no-go zone for years...
will the bears want to buy there now....
http://www.theage.com.au/business/property/gold-coast-dead-says-developer-20110512-1eke3.html
