Property Fraud
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It's the Real Estate Podcast brought to you by ANZ Home Loans for financial well-beings. And welcome to another episode of the Real Estate Podcast available on iHeartRadio every morning and on Spotify and Apple and wherever you get your podcasts from. Tuesday morning is here, the 11th day for October for 2022 and coming up, it's a good one. Well, it's not really a good one. It's bad, but it's an interesting one to find out more about. We are taking a look at fraud. Now, we know what a joyride is when somebody goes into a car yard, has no intention of buying the car, and just like wasting the time of a dealership, it seems that people are doing this with real estate. Not just any old real estate, real estate that is worth $15 to $20 to $25, $30 million.
So we're going to talk to Cassandra Cross about why somebody would go into a high-end luxury property with an agent and and pretend that they've got millions of dollars and spin a line and waste everybody's time. And don't just think this is one or two people. It seems that this is happening quite a bit around Australia. And we'll also talk to Munro, a buyer's agent, who has had an example of a complete plonker wasting his time in exactly this fashion. So we'll take a look at all of that next. it's your weekday real estate breakfast with news interviews and predictions every morning on the real estate podcast it's the main center forecast with prd selling smarter every day on this tuesday morning let's head around australia checking on your weather and in sydney expecting partly cloudy skies should be mainly dry today 21 degrees
Also mainly dry in Melbourne, 22 is your forecast high. Brisbane should be mainly fine, 24 is your forecast top and expecting 21 degrees in Perth and a mostly fine and sunny day. We talk with leading property commentators with analysis, predictions, forecasts, and what's trending every morning from 6.30. Well, there is a bit of an oddity that is happening in the space of high-end luxury properties. Firstly, we know people have made small fortunes in the real estate market. But some people want to give the impression to others that they are highly successful individuals and with that lie about their wealth and what they are up to. And I want to welcome into the podcast this morning Associate Professor Cassandra Cross of the School of Justice at the Queensland University of Technology.
Hey Cassandra, good morning to you. Welcome to The Real Estate Breakfast. Good morning and thank you for having me. This is really weird, isn't it, what people are up to? It's probably not as weird for me, having worked in this area for over a decade, but it's certainly, I guess, just another example of the lengths to which offenders will go to in order to try and gain a financial advantage and get some money. Yeah, that's the key, is gaining a financial advantage. Now, we know about the romance scammers out there, and Netflix really did educate a lot of people with the Tinder swindler, which was pretty obvious to watch this guy at the centre of the documentary, but he had... the attraction of girls thinking that he was a high roller with the way that he was representing himself.
And that is probably the key to it, Cassandra, the way somebody is representing themselves with wealth. Absolutely. So when Netflix released that documentary earlier this year, for me, I was, I guess, having a mainstream moment for a lot of my friends and family and those who have been aware of the research I've been doing, but not really understood it. And I think what was great about the Tinder swindler was it did demonstrate, I guess, the different techniques that Simon was using in order to present this image of power, of status, of wealth and
What types of fraud are prevalent in the real estate market?
and how he was able to groom and manipulate several women into giving him, I think it was tens or if not hundreds of thousands of dollars. Yeah. And the power, it's a power play because while I was watching it thinking, how could you be sucked in by this person? Because the guy, in terms of his personality, he was just so fake with the way that he was doing it.
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