Many thanks for your advice K.

We received advice  from our solicitor a few days prior to seeing the Newspaper articles that the finance for the purchase on the land had been approved and the sale is now unconditional so I'm not sure how easy it will be to get out of.

The article gave the main reasons to not buy in Lyndhurst:
"because it's surrounded by unhelpful neighbours including Victoria's largest toxic waste tip and very large industrial  presence," said Mr Ryder, who visited Lyndhurst about a year ago.

"The fact that people are buying property there doesn't make it a good investment. People may be overlooking detrimental aspects or are unaware of what is being planned for the area.

"I think they are making a mistake buying in that area. I certainly would not buy near or around Lyndhurst."

There are more details in the attached article:

http://www.news.com.au/heraldsun/story/0,21985,23619776-2862,00.html

I'll take your advice and obtain the whole report.

Thanks again

Troy