Property Scam

article-forsale-420x0ACT Police has launched an investigation into an ACT real estate scam where a Canberra property was sold by overseas fraudsters while the owner was living in South Africa.

It is understood the Macgregor property owner recently discovered the house had been sold about four months earlier after contacting her property manager to query why she was not receiving rental payments.

The exact details of the Macgregor scam have not been publicly released and it is not known how much the property was sold for. Attorney-General Simon Corbell said the government was very concerned “a scam of this magnitude may have affected residents in the ACT”

Authorities believe it may be the first such scam in the ACT but there have been similar cases in WA including two successful sales and six attempted real estate frauds.

Always conduct your due diligence when buying. To discuss what this involves, contact us today.


The full article from the Sydney Morning Herald can be found here.

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