Hi Dave,Being in I'm guessing the town is driven by mining? If so, do you know what the companies in the area are doing with employment? Has there been in projects shelved in the area? Just a few questions I would be asking.If you message me your email address and the town you're looking at I can send you the sales history for the surrounding area…[Read more]

Hi DrSupachicken,One issue that crosses my mind is what industries sustain the area? eg. mining community, farming etcBeing in a rural area and likely not to have the support of numerous industries as major townships are, I would do an analysis of these industries and their future prospects as a well as that of the specific property.If you're ha…[Read more]

This is a question that has crossed my mind quite a bit in the last 12 months or so, how have I been affected when it seems to make the front page of the paper daily? So far I have escaped fairly unscathed. Working in commercial/development finance, work has dropped off but personally this has largely been offset by falling interest rates etc. At…[Read more]

Boggled,god_of_money is right in that a valuation prepared by a real estate agent won't be too much help. Assuming the $1.3m valuation I would only be able to obtain 65% ie $845k gross, would this be sufficient? Do you have an investor/JV Partner to contribute the shortfall? How confident are you of this valuing up? Obviously the timeframe is a…[Read more]

Hi Boggled,There may be options but unfortunately with this type of funding they don't come cheap.To determine whether short term funding can be arranged, could you confirm the following:- Are you only needing to obtain $825,000 to complete settlement (ie. do you have funds to pay other costs involved? eg stamp duty etc.)- You mentioned the…[Read more]