While this is happening in Melbourne, I see Mirvac is cancelling their projects.
http://www.news.com.au/realestate/investing/units-put-on-ice-as-sales-stall-in-queensland/story-fndbarft-1226525465795
"Mirvac has postponed development of its $300 million Foreshore Hamilton project at Hamilton in Brisbane and the final stage in its Mariners Peninsula development in Townsville, with confidence in the Queensland market at an all time low."
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While this is happening in Melbourne, I see Mirvac is cancelling...
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