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Hi woody, I fully understand where you coming from but this development won't make a blind bit of difference to property/rental prices on this Island, just as past developments haven't. Units will be bought up by landlords wanting to increase their property portfolio, many of these landlords are not local, some even leave property empty if they don't get a high enough rental return. All you guys and girls who are struggling to find suitable property to rent/buy, become proactive, get together,use social networking to give yourselves a voice. Don't accept advertised prices, offer what you can afford, lobby all states members to introduce a rent act. Renting should be a viable affordable alternative to buying, its not at the moment, legislation needs to be introduced to force that. Lower rental income for landlords would make it less viable for them to buy housing stock on new developments. All this should be underpinned by a robust social housing program for lower income workers so we wouldn't have to employ so much immigrant labour. I believe most of the problems where retail industries struggle can all be traced back to high rents and mortgage repayments, we don't have enough disposable income to support other commerce. In short it creates a cash flow problem for the rest of industry and society.