Scam Alert

SASB Issue Updated Property Scam Warning

This updated advisory has just come through from the Settlement Agents’ Supervisory Board and is a timely warning for both real estate and settlement agents. Recent events have prompted a further scam alert being issued by the Chairwoman of the Settlement Agents Supervisory Board (the Board), Ms Mirina Muir. Ms Muir advised that following on from …


Finger print

Property scam highlights the importance of identifying clients

Knowing your client has taken on a new meaning in the wake of a recent scam where a Perth investor had his property sold without his knowledge. Now, more than ever, it’s essential for both real estate and settlement agents to carefully identify their clients. Agents should, where possible, meet their clients personally. A 100-point …


Beware the Nigerian real estate scam

Nigerian real estate scam highlights the need for increased vigilance

The recent case of a man losing his house as a result of a Nigerian real estate scam highlights the need for increased vigilance by everyone involved in real estate transactions. Although it’s the first time such a crime has been committed in Australia, it’s by no means the first fraud involving a forged property …


Residential Settlements

Top tips to take ‘stress’ out of ‘mortgage’

AAP It is estimated that around 469,000 households will be suffering mortgage discomfort by December and the number of those in severe stress (facing a potential sale, foreclosure or forced refinance) could be as high as 267,000. How can at-risk borrowers stay out of trouble, save money and own their property sooner? Spokesperson for Mortgage …


Swimming pools must be fenced correctly

Selling a home with a pool? What you need to know.

Swimming pools must be fenced correctly. Swimming pools and outdoor spas can be great selling points for your home. If they’re well maintained, they can add value and attract the eye of potential buyers. A few years ago a law came into effect that changed who was responsible for ensuring barriers complied to code at …