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Odin Street This is their latest development, figures below: The new figures are below, dont have the address, other than Odin Street, Balcatta I think?: Two Bedroom Initial equity required $151,000 Final loan amount $253,000 Total cost to investor $404,000 Current...

Really sorry to hear this and other investors that got hurt. I can understand this, I believe the Directors also have their money injected in these projects?? This gives confidence to prospective clients, but these guys must be hurting too. My gut tells me they are continuing with the...

Lesson learnt, so why did you jump in???

Silly thing is they will probably have people lined up to jump into this product, quite bizarre, no one will be asking for the returns on previous projects:eek: My guestimate is that all their projects have been duds, timing wrong in Karratha and the others well nothing has been completed...

That if you can believe these figures which are lean and a flat market, I don't for one minute. Anyone who jumps into these investments need to see a shrink, these guys have a track record of losing money. I am surprised they are even promoting new projects

this is their latest offer to investors..... "As many of you may be aware the land price for Perth development sites has been very high for the last 12 months making it difficult for us to find a site that offers a potential profit for investors. Over the last few weeks however we have had...

Who was the builder that went belly up??

Sorry to hear this, frustrating I am sure

I would expect if you try this group they should be able to give you a fairly accurate idea/range on what you can expect to achieve, I know they also did fully furnished rentals to executives, not sure if they still do?? Of course you will need to provide location, size of apartments...

Crido Call me a control freak, family does:p but I just like to keep tabs on values at any given time especially if I have $ invested Mtr

Ok really, strang Fido has not posted again

Hi Crido OK, I must be missing something FIDO said investors had to cough up $100K each, is this another one of their projects, confused?? Sounds like you are holding these, I have mentioned a number of times that I would personally make sure that the end values quoted are about right, its...

Hi Sanj I looked at the figures when I was desperately wanting to buy land to develop but I had already missed the boat. MTR

Also, Beckenham is really in the sticks, lots of land, so you will also be competing with the land and house packages.

Yet, I see your numbers they look great, but I just had one look at properties listed in Beckenham, all I see is high risk, lots of listings, new product, not a market I would play in at this stage of the cycle. Even if the numbers look great, when you have an oversupply the end product can...

This company model is not one. I suggest you do some more research, I bet you wont find one successful completed project. They missed the boat North West, again I believe investors lost money.

Your joking right? Did you miss the part where clients had to dip in an extra $100K, interest rates now at 18%, delays of over 2 years.

Have seen this - the problem is I think its only 66 sqm and more importantly there is so much stock on the market it will come down to how low will you go. We know these investors have coughed up $580K and counting so it is most definitely a loss, but how much we don't know???

Sanj Feed back interesting, I did not get into the fees etc. How could anyone make money at this point in time, market has changed anyone can make money in a rising market just throw a dart and these guys were in this market... what the hell, how could they get it so wrong?? My guess is...

Possibly because there is little choice, in particular if the Directors also have vested interest in the projects they just keep moving them in the hope to make some profits. Problem is if they have not identified why/what is happening it will just be repeated. My concern is that the company...