  We construct a complete five dimensional Quark-Lepton symmetric model, with
all fields propagating in the bulk. The extra dimension forms an $S^1/Z_2\times
Z_2'$ orbifold with the zero mode fermions corresponding to standard model
quarks localised at one fixed point. Zero modes corresponding to
left(right)-chiral leptons are localised at (near) the other fixed point. This
localisation pattern is motivated by the symmetries of the model. Shifting the
right-handed neutrinos and charged leptons slightly from the fixed point
provides a new mechanism for understanding the absence of relations of the type
$m_e=m_u$ or $m_e=m_d$ in Quark-Lepton symmetric models. Flavour changing
neutral currents resulting from Kaluza Klein gluon exchange, which typically
arise in the quark sector of split fermion models, are suppressed due to the
localisation of quarks at one point. The separation of quarks and leptons in
the compact extra dimension also acts to suppress the proton decay rate. This
permits the extra dimension to be much larger than that obtained in a previous
construct, with the bound $1/R\gtrsim30$ TeV obtained.
