Caught this listing and what a sad state of affairs: 5 Edkins Place, South Hedland, WA 6722 - Unitblock for Sale #123481774 - realestate.com.au I couldn't imagine a worse position to be in. Having to sell at a loss in a mining town that has wound down, is bad enough. But to be halfway through an 8-pack of units (all teeny tiny studios that were no doubt built solely for FIFO workers, who have long gone) and trying to sell is just wow. I feel awful for the (most likely to be) small-time developer having to put this half complete project up for firesale at this awful stage of the Port Headland / 'insert generic mining town name x here' market cycle; for what is no doubt a massive loss. Something like this can utterly financially cripple someone. Money may not be everything in life but a blow this big... its gotta hurt. My heart goes out to this person/people who had the best of intentions but got it so wrong. But at the same time; I think it is so important for both aspiring and experienced investors alike, to be confronted with stuff like this. Property investing and small-developments like this aren't a no-risk endeavour. You cannot just buy anything, anywhere, without doing proper research and data-crunching. The investment with property is really one part 'your money' and two parts 'your brain, your time, and your hunger for wealth creation'. We need to see stuff like this sometimes to ground us and remember that the perils in property are very real and (can be) financially destructive.