Craig

If the oil prices are a long-term factor and there are people that have been weighing up whether to buy an apartment instead of a house, that could be a tipping point for many people deciding to buy an apartment because they want to work closer as a result of the oil prices.

So that's something we're going to watch over the coming months.

You know, for somebody that used to live on the Gold Coast myself, I used to live in Southport, and I can tell you this anecdotal story that I should have bought this apartment back in 2012 in Runaway Bay.

which was, from memory, I think it was like 24 squares.

It was a two-bedroom, large apartment with office.

It came with a marina berth right outside, two-car garaging with lockup.

I could have bought that for $430,000, so I'm kicking myself.

And I saw that Mermaid Waters in Palm Beach had gone through a bit of a growth spurt as a result of development, exactly what you're talking about of new apartments.

That had driven the medium prices up.

How significant was that for the snowball effect right along the coast?

Yeah, so really good points.

And I think the point should be made about those number of people who soon will be coming off that fixed-term loan, which they have been on for the last one or two years.

For the very first time, they're arriving on that different side of the coin, and that's really going to pose...

A lot of problems.

And then, of course, we've got the oil.

I don't want to talk about the oil problems just yet, but they're coming into a bit of danger area.

And welcome to another episode of The Real Estate Podcast, available on iHeartRadio, also on Spotify and Apple Podcasts, or wherever you get your podcast from.

And it's a Thursday already.

The week has literally evaporated for me.

We're nearly back into another weekend.