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note also that in new areas, initial resales can be high then trend down as more stock comes on and competition grows, particularly in hot markets where every second house is a spec home owned by an eastern stateser. you will need a dose of gut instinct regardless of how much research you do

could be good timing, get it put together and catch the wave of growth that will spill from the syd/mel boom. take a few good years out of it and flog it before it gets too old and tired