Stumbled across Scott Pap's page "barefoot investor". There is a blog page where people ask for advice and he may reply. The $500,000 Headache - Barefoot Investor This is another mining town disaster client, but I totally disagree with him saying "time doesn't heal a dud property"... People in Mt Druitt, Fitzroy, Collingwood, Preston etc etc may not agree either.. As far as a mining town in general goes, I believe they were/are a niche for the advanced investor, not the novice, which made up probably 90% of the investors in mining towns... In another post he talks about putting an extra 5.5% into super (on top of the 9.5%) for a 25 year old who inherited $400k, $300k to pay off the house and $100 savings.. Surely $100k plus whatever equity is in his house (that he used to pay off with the $300k) could be better leveraged for greater returns, ie via property at this time in his blokes life rather than putting an extra 5.5% of 55k into super each year.. Scott is extremely conservative, may as well put my money under the bed with his investment philosophies... I read his book when I was at uni about 7 years ago. Don't know how this bloke made a name for himself.