Genesis Of A Suspect Investment

by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au

Novice property investors can find themselves cleverly stitched up by rogue real estate agents as the following email, which I recently received, reveals:

“I read your article in The Courier Mail and thought of writing to you.

I have been approached by this real estate agent who wants us to invest in an investment property. He is going to collect us this Saturday and show us around. I presume part of the day would involve taking us to a solicitor and an accountant to ascertain our financial position. I am almost certain he will ask me, or put pressure on me, to sign up for a property…”

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