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Thanks for your replies guys, Yeah I think your both right that the biggest negative factor is the oversupply for the area and gold coast in general. The other issue that I see with big masterplanned communities from the big companies is that they are usually set with 10 stages or so...

What are peoples opinions in investing in Ormeau, Gold Coast? The advantages I see are that it is looking like it will be developing a fair bit in the next 5-15 years as it is a Gateway between Brisbane and the Gold Coast. Ormeau Train station lines to brisbane/gold coast. Lots of schools...