Hi, I am new at all this and trying to do my yards in researching, reading etc.
I thought the best area to start looking at properties is the area I live in. This is a Brisbane suburb right on the train line, it experienced healthy CG in recent years and rental demand seems to be quite high.
There is a large amount of vacant land in the area owned by Urban Land Development Authority. The land is zoned for low and medium development and will be developed with "low cost housing". This development should kick of in the next few months.
What would be the expected outcome of such development in terms of property prices in the area? Will the prices reduce because of the surplus of cheap new properties? Will the prices rise because of the infrastructure and amenities development that will go with it? Is your guess as good as mine?
Cheers
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