Australian real estate promoters are swooping across the Tasman and preying on housing investors, say critics.
Wednesday, July 16th 2003, 6:46PM
by The Landlord
The Real Estate Institute and Consumers' Institute are warning people against residential property investment seminars which are simply fronts to sell over-valued houses.
The Real Estate Institute says people who attend such seminars should be careful about offers to buy houses.
Institute president Graeme Woodley said "unscrupulous elements" were operating in the industry and taking a margin on property transactions.
