Recall late last year at the AFR:
Melbourne housing lot prices will “quickly” tumble up to 10 per cent as Uber-driving speculators and foreign investors default on thousands of sales contracts, Financial Review Rich Lister Nigel Satterley has warned.
…”We believe that over the next 30 months 5000 growth-area lots (about 165 lots a month) will return to the market, either by defaults or speculators having to resell their blocks immediately,” Mr Satterley told The Australian Financial Review.
