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It's rare that you get a decent rental return as there is a premium for new properties. Though historically there has been exceptions at various times & places (metro areas) in the last 20 yrs.

Gawd this is spammy! But hey, in another forum I found: "its rim hell from current understanding. in addition buying that old RAAF airfield with pollutants and leaching of old avtur fuel and other chemicals into the soil, I hope the land is real cheap!" And the railway is proposed for...