That Nafan guy is fairly slick. Bought a few fire damaged...

That Nafan guy is fairly slick. Bought a few fire damaged properties for nothing, did quick cheap renos and rented them out. He's probably in a decent position, that lady's position looked suspect though given a couple of things said.

It seemed like she'd had 1 property and PPOR for a long time. Mentioned 16 years. I'd assume virtually all the equity from the quoted 6 million portfolio (4 million debt) was in those 2 properties.

Then mentioned she's getting undervalued properties and got one for 183k in Cairns when it was 300k a few years back. And they're talking "this place was valued at 250k, got it for 200k" Do they just instantly assume it's now worth more than she bought it for?

It sold at 200k for a reason and like Koch said, despite Nafan saying otherwise, most her properties were regional where there hasn't been much growth. So I'd be surprised if her 6 million value was actually right.

She looked a bit stunned by the whole thing.