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Mulgoa Rise - there is a lot of land from what I understand? What are you trying to achieve? What's the rent on those townhouses? Why OTP as well? Do they offer capital growth or cashflow? (I potentially see neither on townhouses in that area, but then I don't know Mulgoa) When do they get...

What's the reason your friend getting itchy feet? And then handing it over to you? Or is he just palming them off?