its only a matter of time..depending on what the facilites are..it hard to compete with the CBD for facilities.
yes there is alot of action happening in westminister, balga, rocky, girradoola and other rezoned or future rezoning localities.
but form my observations the rush by small time developers to get in on the infill trend and make a buck is likely to see strong supply at a time when demand is moderating and result in bottom lines come under downward pressure (i know a guy who was active in these areas and he told me some time earlier this year that the returns are being squeezed and its just not worth it anymore so he flick his development site off to someone else).
i note that there are some recently built infill survey strata in balga struggling to achieve asking once complete (they are still on the market after price reductions, and those that have sold have been at discounts on asking). the action is still in the developerable sites in these areas and they are being snapped up reasonable quickly but even these are starting to moderate. Considering we have the lowest interest rates on record you would have thought it be different but its not looking very positive from my point of view.
once prices for CBD products are unable to cope under downward pressure the flow on effects will see other loactions also come under pressure. the past few years since 2006 have been very interesting to watch but 2014-15 is going to be even more interesting.
