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For those in Australia, you can find one of the retractable key holders at Office works - http://www.officeworks.com.au/retail/products/Office-Supplies/Conference-Supplies/ID-Cards/ID-Card-Holders/AC9810702
Bunnings and Mitre 10 I found did not carry these and the price at office works is pretty good. It seems to hold about 200g and extends to 70cm, just wish it was not such a big spool.
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