I don't really have a vested interest as my property is just sale agreed at my asking price and I'm moving into town so in that way I don't care what happens in the area. I've had 5 viewings recently and 2 more scheduled for next week (if we don't go sale agreed) so demand in the area is high. There is no social housing in my estate and I'm nearly sure the same is true for Melville (is it called Melville or Cityside???).
FreddyB, 5 miles from town, 20 minutes on a bus, renting here is more expensive than a mortgage (thus making it more attractive to investors) prices won't go down, it's a sound investment. A pal of mine rents in Melville and his place is huge.