Over the years the General Gumala Foundation (GGF) has invested in residential houses in Tom Price and South Hedland. These houses have been leased to Members and the public over the past three years through independent property managers.
Given the recent downturn in property values in the Pilbara, and enquiries from Members about purchasing houses, in mid-2018 the GIPL Board resolved to make a public offer to Gumala Members wanting to purchase these residential properties. This would provide the opportunity to purchase a house in a low market and, at the same time, allow the GGF to adjust its investment portfolio in the future fund.
Please note that the GGF is not offering to fund the property purchase, although it is willing to assist by selling the properties at slightly less than market value. Members need to seek their own finance or funding and we are aware that other Trusts may be able to assist with funding.
There were 10 properties in Tom Price and 11 properties in South Hedland. Since the start of this exercise, two properties have settled, and one is currently under negotiation.
If you would like further information about the houses, please email email@example.com or phone (08) 9287-3900.
*(click on image to enlarge)