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Yes, and when the feds don't stump up their contribution the state government can blame them and back out no doubt.

I found the new football stadium funding interesting, sounds like the newly elected Labor government may be trying to backtrack fairly quickly on this one saying that fed government funding is also required?

IMO it depends on what your holding costs are like and if its holding you back from investing elsewhere, if not I would hold. People like to talk about opportunity cost and that's true but if its not costing you much if anything I wouldn't like to give a RE agent 2-3% to sell in a depressed...

Townsville weathered the GFC better than Cairns but its not getting the kick along from the improvement in the tourism industry. It also is more affected by government department cutbacks at both levels of government due to it having a large number of employees on the public payroll IMO...

Don't know about insurance in Townsville but its possible to get house insurance in Cairns for around 2k-3k depending on excess and location so Townsville would have to be similar if less. Its more expensive nearer to the coast generally