A recent survey has concluded that estimates over £100 million of Oxford’s endowments has been lost due to the credit crunchThe survey has concluded that British universities will lose as much as 15% of their wealth as the economic recession lowers the value of land and shares.For Oxford, this figure would suggest around £102 million of the university’s £680 million would disappear. If a similar loss hit the endowments of the colleges, total losses could be over £500 million.A university spokesman said, “we believe the university has sound policies in place to mitigate the impact of any longer term declines. Higher education remains a vital investment for the future.”These setbacks come after Oxford embarked on a massive campaign for funding last year. This aimed to raise £1.25 billion to help the University compete with wealthy American rivals. Among the projects university administrators hoped to fund were the development of the old Radcliffe Infirmary site and new buildings for the Bodleian.University Vice-Chancellor John Hood said at the time that his team, “must significantly increase the University’s endowment.”It is unclear how much of the funding gained in the campaign will be cancelled out by the effect of the credit crunch.Oxford also had £30 million invested in the collapsed Icelandic banking system. It is uncertain whether this will be restored to the University.
Big wins forecast for Queensland It has views of the surrounding mountain ranges, hardwood timber floors, a farm-style kitchen, a huge cosy fireplace, a dedicated cinema room and a wraparound veranda. This Charlwood property sits on a crater rimThe three bedroom house, built in 2004, sits on an 18.44 hectare block and is a nod to the areas rich geological history, with the kitchen bench designed with rocks Africa, India and South America to tell “the story of Gondwana”.“There is no other kitchen bench like it,” the listing says. Holy Stromboli! Thankfully there are not any active volcanoes left in Australia quite like Italy’s Stromboli volcano, which erupted on July 3. (Photo by Giovanni ISOLINO / AFP)Some people want river or beach views, while others dream of city lights but these views will blow your mind.But relax. While these properties may be nestled beside a volcano, they are unlikely to go Dantes Peak on you anytime soon, or ever. MORE: Buy your slice of Australia’s celebrity playground The house in the foothills of Mount FoxThe Department of Environment and Science website says that Mount Fox is located within the Girringun National Park, has a large crater and features large volcanic boulders known as fusiform bombs.Some websites say it is an extinct volcano, but others have labelled it “Australia’s youngest dormant volcano” or an “isolated, well-preserved, dormant volcano”.But its last known eruption was during the Pleistocene period, or some 1.5 million years ago – so a very, very, very long time ago – according to the Global Volcanism Program.So what does that mean today? A spot to watch Dante’s Peak, perhaps???It also has a large spring fed dam, sheds, established garden beds, 40 acres ready for livestock and it is fully fenced. This property sits in the foothills of Mount EdwardFor sale by the owner, the Mount Edward property is listed for between $1.2 million and $1.32 million.It is situated in the Scenic Rim, with the nearby national park located within what was once the “belly of a volcano”.The Main Range shield volcano erupted some 24 million years ago.The house itself has five bedrooms and two bathrooms, and was built in the classic Queensland style, according to the listing. How’s the serenity?It is listed for $310,000.At Beechmont, a 22.34 hectare home or farm stay at Mystery Mountain is on the market for $2.595 million. Wow!More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoNestled on the northern edge of 2000 acres of dry sub-tropical rainforest conservation park, it is part of the Wollumbin-Mount Warning caldera, and has been used as a farmstay over the past 20 years.Mount Warning was the central plug of the Tweed shield volcano, also known as the Tweed Caldera. Now extinct, it was one of the world’s largest calderas, and last erupted some 23 million uears ago.What remains is a pristine and geologically beautiful landscape, with the farmstay enjoying mountain, coastal and city views. Actor Pierce Brosnan (c) with Linda Hamilton (r) Jeremy Foley (l) and Jamie Renee Smith in scene from volcano film “Dante’s Peak”. SUPPLIEDFirst up is a four hectare property at 3074 Mount Fox Road at Mount Fox, which has A lowset block house in the hills. Mount Fox is situated 75km southwest of Ingham, and features “an ancient volcano rising above surrounding eucalypt woodlands”, according to the listing. How’s that view?The house has nine bedrooms and 14 bathrooms, multi-use rooms and a large, fully-equipped kitchen.Outside there is three fenced paddocks, horse and round yards, animal shelters, work sheds, bore water, established fruit, avocado and coffee trees and a state-of-the-art fire protection system. Forget the usual homework. This bench could give a geology lesson!All of its power is generated off-grid, including electricity for an electric buggy for silent wildlife drives and the sewage unit.There is also four large water tanks and an eight megalitre allocation from Moogerah Dam, with two pumps to facilitate the watering of the bamboo plantation. There is some incredible views from the verandaThe Crater Lakes region in North Queensland is also worth a look, with numerous properties available. It means you can have a warm cuppa without really worrying about lavaIt means this property, marketed as “Mount Fox Serenity”, sits on some seriously peaceful and productive land.The house has been built with self sufficiency in mind, and includes block external and internal walls, verandas on two sides, a central kitchen with electric stove, slate floors and a wood fireplace.It is also serviced by bore and tank water, and has sheds and an array of fruit trees. The property is also completely fenced and is mostly cleared. Volcano views without the kaboom!In Charlwood, which is near Boonah and also in the Scenic Rim, this house sits on the rim of the old crater lake and faces north to Flinders Peak, east to Mount French and south to Mount Edwards.The west is protected by the crater’s rim. Live like a millionaire for $20k a day in the Whitsundays Live on the edge of a volcano in Crossley, regional Victoria Also on the market is a 17.81 hectare property with a “country mansion” just over 100km from Brisbane.