Hi Olicombet,

I have been quite a lot as we go out regularly to look at developments there and I always enjoy myself there. The place is one of those towns which is full of people that went there for a week's holiday and never left. It has lots of nice restaurants, bars, shops and places to stay, plus the beaches are really fantastic.

Regarding property, it has an excellent rental and capital gains history. The town hall figures for hotel/pousada occupancy averaged 62% for last year.

Planning permission there is pretty tight, two stories max or 7.5 metres, plus there is a lot of federally protected Atlantic forest there so it will never get built out.

We sell a lot of property there as not only is it a good investment but people have a great time when they go there.

Rob.

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