Any thoughts on Corio as an emerging investment area?

Corio in victoria is emerging as one of the hottest investment locations in the country.

http://www.geelongadvertiser.com.au/article/2012/01/18/302361_news.html

Any thoughts? IP in the Corio area, and expected growth values in the next few years?
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Currently in some parts of Corio it is cheaper to purchase than rent, however strong returns are being achieve in this suburb.

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Rentals in Corio, VIC 3214