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I don't think so. The government is investing heavily (search google for the technology park) and others are moving there. They recently expanded zones and are actively trying to bring in new business

Hi there - I have property in Mount Clear (due to Schools, Universities and IBM) and Alfredton (Family area, plenty of expansion and development). I like the CBD, so if you can get in there that is the best spot. I like the above two as secondary targets. Good luck!