Hi, if were me, I wouldn’t do it. The price is so high that you could get a house in a metropolitan area where captial gain is assured, (although cash flow may be a problem) and a fibro house could be a BIG problem ie, does it contain asbestos? Unless it was built in the last few years, it probably is, and you could be up for massive costs of either making safe or removal. Mining towns have limited life spans so eventually, the house will be worth nothing. Australia is littered with derelict mining towns complete with roads houses shops, all empty. Mining towns are good places to make positive cash flow, but for how long? It might be worth doing if the price were more reasonable, like up to 150k. Anyhow, that’s what I think. Cheers, Alex

Alex Shaw