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Hi Cupcake
I can fully understand how you feel, I am in the same boat. I have money to spend, done lots of research, read everything about property, looked for positively geared property every day. Its hard work, but you have to keep a business mind about it if you are going to be successful.
I wouldnt listen to real estate agents. I think you must rely on your own judgement, and keep an open mind and take on board good advice.
Perhaps looking outside of Canberra might be the next step you could take.
Keep looking and the opportunity will present itself eventually.
What about capital gain in Dubbo, do some investigating on that topic. Is it a growth area ?