The AFR had an article last Friday about New Farm, titled "Grunge to groovy", that says:
"... Back from the river are art deco apartment blocks, Queenslander houses, and a few rather ugly residential developments. ... But prices are well and truly off their peak. ... Unit prices also fell, but only 6.8 per cent, to a median of $451,000. Some apartment buyers off the plan have made substantial capital losses. ..."