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Yes, I believe so. My point is that I don't believe they ever achieved these results they quoted because they got the timing wrong. We have seen 25% decrease in values and rents over the last 2 years in Karratha and other mining towns. I actually saw one of these (EOS) properties listed...

I think they have completed a Karratha project, however, because the market has turned and prices and rents have fallen back, I think investors may get burnt with this project, mining towns always going to be higher risk.

Now that makes sense, as I thought EOS had not yet completed a project, be interested to see how it works out on completion. THanks MTR:)

With your first project with EOS, projects they have been promoting to investors have all been returns of 20% profit on completion, so this did not happen, negative equity??? Second project is an estimate, have you checked out comparable sold properties??