Tens of thousands of people are affected.
If you are investing in property, be careful you don't join the thousands of subprime investors.
The experience of one family with one agent.

Sylvian Fleuriau. Former salesman who searched the sellers' home.
An ethical agency with a world class system; and, plus, a member of the Real Estate Institute.
And probably get a better deal.
The sellers can change their minds and decide not to sell. The sellers can ask for a higher price.
Never gamble with the family home.
Of all the reasons to sell a property, punting on profiting from a price plunge would have to be the worst of all.
Advice for the needy, not the greedy.
Despite the big drop in interest rates last week and the big increase in the government grant this week, there are still thousands of anxious sellers.
A sensible look at the future of real estate.
Over the past few years we seem to have lost our ability to think sensibly about investing.
How he got to be rich at 65.

Dudley Quinlivan.
After being broke twice in his life, he has reached retirement age as a rich man.
Testing the predictions of Terry Ryder.

Terry Ryder.
Terry avoided nearly all the popular investment spots, places that really should be called the 'sucker spots' .
Here comes the Queensland government.
Queensland agents must still, by law, give consumers a "genuine opportunity" to obtain independent legal advice before signing anything.
How sellers upset buyers and hurt themselves.
The buyers know they are being treated as mugs. That makes them angry. And angry buyers seldom pay top prices.
Trent Richards is back targeting investors.

Trent Richards
The chief spruiker behind Illumination Group is Trent Richards. Richards was the chief spruiker behind Insight Group.
What sellers need to know.
There's an old Buddhist saying, "All human unhappiness comes from not facing reality squarely, exactly as it is."
An Open Letter to Brett Marks, CEO.

A Noah Group stand at a Mackay mall.
They claim that the rent has been much lower than you told them and that the expenses have been much higher than you told them.
A fight worth fighting.
Here are seven suggestions that should help. They aren't all easy, but then there's not too much in life that's harder than losing your family home.
Where smart investors make the best profits.
It's a long-term performer and will deliver again in the future - it's just that right now is not the right time to buy there.
What happened to this lovely young lady?

Dymphna Boholt. Does she have the magic power to replace income in 90 days?
They don't just promise to make you rich, they promise to make you lazy.
How Eric and the boys gorged on a fat financial pie.

Eric Krecichwost, Fincorp founder, stuck his fingers in the financial pie.
A giant financial pie into which Krechichwost and his pals stuck their greedy fingers and gorged themselves.
A lifetime of free carrot juice?

Giles, Melbourne's best juice man.
He even offers a guarantee - if you don't like any of his juices or smoothies, you don't pay for it.
How he robbed an elderly lady.

Sean Kenny
You may not have done anything illegal, but most ordinary folk are likely to look upon what you are doing in rather simple terms.
Confusion reigns as industry rains dodgy data.
A muddle of conflicting information spewed forth by the property industry and regurgitated without scrutiny.
And so is his boss, Dennis Vlandis.

Simon Mugford
Once sellers are aware of the truth with auctions, they usually tell blokes like Mugford and Vlandis to get lost.
Just another smoke-and-mirrors sham.

Margaret Lomas
If you use one of these cash flow mortgages, the problem becomes one of a debt which rises.
Agent protectors are NOT consumer protectors.
Well, you can fool some of the people all the time, all of the people some of the time and, it seems, the Office of Fair Trading every time.
A simple solution to a great frustration.
How many weekends does it take before the average couple finds the right home? How many hours do they spend trawling the Internet?
A good home or a good price? Both, if possible.
If I were a spruiker, I'd have charged Bob and Vicki at least $10,000 for my "secrets".
Comment from Westpoint Investors Group.
Was it one of the 83 companies totalling $8 billion on the list ASIC refuses to name?
How common lies seem like powerful truths.
If you doubt my contention that land supply has little to do with affordability, consider this...
Stay away from 'The Science of Options'.
It's hard to believe that anyone, these days, can fall for such con-cliché garbage.
Six hints to make it easier.
Don't be bluffed. It's not illegal to approach the owners of a home and ask questions or make comments.
Victoria's Minister for Consumer Affairs.
Message to Premier Bracks – your current Minister for Consumer Affairs, Daniel Andrews, is incompetent.
Surely not everyone got ripped off?
If I read anything bad or negative in your book, I will be writing an article for the paper to explain things properly!
An in-depth review of a self-crowned wealth coach.

Get-rich-quick property spruiker, Hans Jakobi
Hans Jakobi spins so many fairy tales he should be known as the Hans Christian Andersen of spruikers.
If you call them greedy or gullible, shame on you.
Something is really wrong in our society when we blame victims for being cheated.
Be a smart investor, not a grubby predator.
Is it possible to buy properties cheaply and with a clear conscience? Of course.
If only all spruikers would do this.
Robert was wiped out. Even with his entire salary he had no money for payments and food for his family.
The lowest of the low.
Imagine robbing a bank of $30,000, the cops pull you over, take you to court and you walk free with a $2,000 fine.
Property is now unaffordable and unprofitable.
I don't want investors to make mistakes. I don't want them treated like mugs. I want them to get smart, not get hurt.
How Agent Paula sold Beryl's home.
"I don't have to justify my actions to you," she said, "I have been in real estate for 30 years."
The ultimate price of a big home.
People who buy big expensive homes with big expensive mortgages seldom realise that the biggest price comes after they buy.
The predicament of property investors.
Property investors have now painted themselves into a difficult corner – either they are dishonest cheaters or honest losers.
Suggestions from a financial planner.
If it doesn't look risky, it is only because you haven't spotted the risk.
The personal price of not selling.
There are two prices when selling a home – a financial price and a personal price.
In one of the world's best places.
Real estate has been the talk of the nation these past few weeks. And all because of one agent.
Madness plus spruikers equals mammoth losses.
For those who didn't hear about it, a home unit in Sydney's western suburbs sold last week for $95,000. The same unit had sold in 2003 for $262,500.
Meet the latest Carey victims.
Perhaps she is lucky and will only lose $450, unlike many victims of the Carey gang who lost their life's savings.
Double jeopardy for some investors.
Impressive pedigrees, to be sure. If mum-and-dad investors can't trust such a group, what hope is there?
Battlers, millionaires, stars or crooks are all bait.
Like all agents who are involved in insider trading, she should be behind bars.
9,000 words of truth about a national scandal.
It is high time that a proper compensation scheme is put in place to protect investors from the unlawful conduct of their financial advisers.
It's not just unethical, it's downright illegal.
What's the matter with us? Can't we see that being deceived is something we should never tolerate? Never.
Fantasy and reality in Melbourne.
For years, Raimondo and the REIV have misled the Victorian public by deliberately distorting auction clearance rates.
WARNING - Check out 'The Investors Club'.
"I was financially set up until the Investors Club came into my life and told me this was a wonderful investment which would double in value in 7-10 years..."
The saga of an American spruiker.
Yesterday, in the Central Local Court, magistrate Allan Moore gave Larry a real 'Million Dollar Challenge' when bail was set at that amount.
Warning to investors, especially in Canberra.
The REIACT not only supports dishonourable conduct, it has designed a way to be deliberately dishonourable.
"Over the moon" with happiness.
Michael was persuaded to sell his home to Tom Franzen for a net figure of $266,000. Lucky Tom.
He thinks so. You be the judge.
"After all the evidence which clearly exonerates me you still persist in persecuting an innocent man."
More threats, but no sign of compassion, yet.
I met Michael on the Easter weekend. He is a good and decent man who deserves compassion. He does not deserve to be threatened.
Mentally ill man begs for help.
Having not eaten for six days, Michael collapsed and was admitted to Bateman's Bay Hospital.
They get off far too lightly.
"Don't trust your solicitor!" is a warning for all Queensland property buyers.
The great Southern auction spin.
Meanwhile, auction clearance rates fell from 55 percent in 2004 to 51 percent in 2005.
A classic example of the importance of research.
Despite the share price and the losses of apartment investors, not everyone is losing with Central Equity.
"Super Wealth Coach" who recommended Westpoint.
Aren't investors constantly told to be sure their financial advisor is licensed by ASIC?
The latest disguise to flog over-priced properties.
Unknown to the general public, many spruikers are now hiding behind some of the biggest names in real estate.
The tele-marketing script used by the sharks.
Hundreds of thousands of Australians have heard these words down the phone line. Is there one person who has received the benefits promised?
The daily denial of the death agents.
Teddy Bears? Bah, they just invoke feelings of love and homeliness. This is about bricks and mortar.
Who can investors trust?
Investors who follow the advice and opinions of most of these people, should be safe and profitable.
Financial predators not planners.
So why did many financial planners recommend Westpoint to their clients?
This is Queensland, mate.
Buyers must regard claims of "waterfront" or "absolute beachfront" with extreme scepticism because most properties described in this way are nothing of the sort.
It's time to do everything in WA.
It's a great time to buy, it's a great time to sell, it's a great time to auction, and there are no dummy bidders in Western Australia.
The perception and reality of today's market.
If a property has not sold within five weeks, it's considered stale.
How he targets Aussies and influences other spruikers.
It's bad enough that you cheat Aussies in such a relentless manner, but what's worse is how you inspire and advise other spruikers.
Phil Jones picks the wrong target.
All in all, I think your "personal invitation" is a case study in why get-rich-quick spruikers have a bad name and little credibility.
The truth is the opposite of what they are saying.
Of course, it's all nonsense. As anyone who has studied auctions and has completed first grade mathematics knows, the opposite is true – auctions do not get higher prices.
Is the Minister lying?
Enzo seems to suggest that anyone who says something negative about agents is a liar or acting from self-interest.
Explaining offensive real estate ads and lower prices.
One of the surest ways to reduce the chance of getting the best price is to reveal confidential information about the sellers, especially financial distress and misfortune.
Real estate's recipe of dishonesty, stupidity and sleaze.
Dishonest advertising has boomed since the market slumped. Bait advertising with false quotes is back in a big way.
Buyers could get seriously burned.
Does it really matter if a real estate marketer tells a small lie in pursuit of a sale?
Guilty feelings that follow silence.
When asked if he was the same Stephen O'Neill that had been jailed for fraud, he did what most crooks do – he lied. Not me, mate.
But the regulators still haven't nabbed him.
The net worth of the advice Dale gave was zero. The reliability of Dale was zero. Now Dale has a net worth of zero. His credibility is sub-zero.
Is it safe or is it a carnival for thieves?
Agents are ready for selling and criminals are ready for stealing. So admits the Real Estate Institute - privately, of course.
Agents warned to avoid marketing group.
It is a month since this article appeared. Despite Michael's spooky threat, nothing has happened.
Behind that glowing testimonial and guarantee.
There's just one snag. It's not true. George's "satisfaction guarantee" is as big a sham as Pat's testimonial.
His Stitched List put him on the Rich List.
Kovelan Bangaru has resurfaced in California. He is using the name Kole Bugari.
Friendship? Support? Financial freedom?
You have 150 properties going up in value by $5 million a year. That's a hundred thousand dollars a week.
Sellers, be on the lookout for this rort.
There's no louder noise in real estate than the voice of self-interest.
Don't fall for it, sellers!
In a falling property market, only the chronically dishonest or the most hopelessly incompetent of agents could seriously recommend that sellers put their properties to auction.
Some agents damage instead of manage.
While Queensland is often a prime example of all that's bad in real estate, misbehaviour by agents is not confined to the Sunshine State.
Heads they win, tails you lose.
Like all sneaky deals, sunset clauses sound fair. They are presented to buyers as a safety mechanism.
Hundreds of crimes and no one seems to care.
One Queensland valuer claims to have seen 400 cases of "double contracting" in the past nine months.
So say the petulant property players.
If sellers knew the truth, they could price their homes accordingly and avoid selling at a lower price when the market gets worse.
The best investment of your life.
Like a thief in the night that has robbed a part of our characters, a culture has crept into our society that tells us we can be wealthier faster.
Buy with them, but don't ever sell with them.
This increasingly-common behaviour borders on criminal neglect of agents' duty to their clients.
An investment seminar worth attending.
It was a pleasure to see, among the dirty and dodgy ads in the weekend newspapers, one advertisement for a seminar which should be well worth attending.
Playing the self-interest blame game.
Institutes around the nation are pumping out press releases demanding government action on shonky investment schemes, seminar spruikers and off-the-plan marketers.
The social tragedy of wrapping.
Another wrapper, Scott Button, urged Gruber to sue the newspaper, saying, "About time these morons got both barrels for blantant (sic) fiction."
Homesellers - this time it really is the market!
Many times, agents just hope that a buyer will come along and pay yesterday's price. But hope is not an effective method of selling a home, especially when yesterday's higher price has gone and tomorrow's lower price is coming.
Sydney first, others follow.
Welcome to today's Sydney property market where prices are tumbling and where many homeowners don't know who to believe or what to do.
Agents named Trickey and Dodge head the industry's Hall of Infamy.
Real estate agents rank almost rock bottom in the public's estimation. Only car salesmen rate lower in the latest Morgan Poll which ranks professions on honesty.
How sellers can save thousands in commission.
But not all agents are as honest as Danny. Most tell homesellers that selling a home is complicated and requires amazing skill.
Brimble bumbles questions on Mackay boom.
Mackay prices have risen more than 60 per cent but rents haven't kept pace. Gross returns are now little better than 4 per cent. ABC Tropical North announcer Melissa Maddison says Mackay prices are now "just plain scary".
Help for struggling homebuyers.
As a buyer in today's market, you have more power than you may realise.