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The deceased has been identified as Dianne Brackenridge.
Police have confirmed that the incident happened around midnight but the Corporate Communications Unit (CCU) was unable to provide details at this time.
However, reports reaching OBSERVER ONLINE are that the woman, who is said to be in her early 40s, was with a male companion at his home in the community when they were surprised by the return of the man’s spouse.
An argument reportedly developed between both women, during which a knife was used, allegedly by the spouse, to stab the deceased several times.
She reportedly died at hospital.