Flew up for the weekend two weeks ago to get a feel for the town. Looked at around 10 houses mainly Queenslanders around $200K on large blocks close to the town center. For us the risk was too high. We put in an offer and it was accepted however we later got cold feet and pulled out. I think the town has potential and would be a great place to invest, however it depends on how long you are willing to wait. There are too many ifs at the moment for my current investiment strategy…if the Dawson Valley Railway gets approval, if a private company can be found to fund the sections of the railway that will not be built by Queensland Rail, if the Port upgrade at Gladstone goes ahead so that the coal can be shipped out, if Linc Energy can keep its head above water long enough to go ahead with its plans to build a 20,000 barrel a day Gas to Liquid (GTL) facility in 12 months,
There are good plans in place that will see the town go through the roof, however as I said, too many ifs for me at this stage, but that doesn't mean its not the right investment for you.

Cheers
Paul.