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Ok - noted. Thanks. My first purchase was in a similar sized complex and valued up by $100k within three years of purchase. Admittedly it was during an upswing in the cycle.

Hi Tony While it's not quite botique - 50 isn't a huge complex relative to the size of some of those up in QLD. My thoughts are similar to yours. I'd be reluctant based on the size of the complex - but if everything else stacks and up and the price is right then I can't see why not...