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Fair Go

Fair Go Homes PL.
Private Equity

Contact Information:

Tully, Queensland 4854
Australia
T: 1300 666 247
www.fairgohomes.com.au

Years in Business:

 

38

Clients I'm Seeking:

 

Not looking for clients

About My Business:

 

In 2002 Fair Go Homes began buying houses and selling them to people who don't qualify currently for traditional finance. No bank needed: we give you the loan ourselves. This went very well and the company was well on the way. In 2011 A double-whammy of cyclone and floods damaged every property owned by the company, and most of the customers lost their income because of the cyclone. The company continued, using all its reserves to ensure the customers could keep their houses for when their jobs returned. However a bank 1300 km away made the decision to appoint a receiver because they had "lost confidence in the market" where Fair Go Homes was working. The receiver forced most of the customers out, sold all the properties for way less that they were being sold for previously, and the company was charged over $330,000 for this "service". By the time you read this, the company will probably be in liquidation.

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