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Thanks for comments strongy. Any thought on the short to medium term? As you mentioned there is a few good suburbs not too far from the city which I would probably look at developing in the long term also.

Just wondering if anyone has been looking into the Townsville market recently? Things are pretty slow at the moment but curious as to what people's thoughts are in regard to the market the next 12-18 months? I'm thinking of purchasing something (3 bed house) in the mid $200k's in one of the...