High rises lower property values

At least, the pro-development lobby is consistent.

Any high rise is a good high rise.

We already have one monstrosity, why not make it two.

And when they get two, then it will be three.

We are making money, so bugger the rest of you, is their mojo.

A waterfront property at Wagstaffe that faces the Ettalong "white mirage" recently sold for the replacement value of its buildings, 35 per cent below its original asking price.

Not all of us came to God's country to look at high rises.

Apparently we are not alone.

Email, 26 Jul 2010 Warren Cross, Wagstaffe Point