Hi All, I'm interested to hear what peoples general observations are of house prices in suburbs undergoing significant redevelopment (e.g. subdivisions)? So I guess there would be two competing effects here being: 1. Increased supply of redeveloped properties (e.g. townhouses, units). 2. Decreased supply of houses due to redevelopment activity. Does the overall increased supply of property due to redevelopment win out (therefore house prices drop or grow at a slower rate) or do house prices become dearer as they become scarce? Or is this something that can't be generalised and is location specific? To give some context I'm thinking in terms of the western suburbs of Melbourne. Cheers.