re: property scams 4 cnrs program
Last nights 4 corners program on ch2 in conjunction with today tonight ch7 will go down in living memory as a great doco and 'SPECIAL' on how so many ozzies are being ripped off and how so little is being done in light of the financial services reform act handed down last year
Given the low interest rates that so many are enjoying at the moment more needs to be done to protect the purchaser and kick out the cowboys for the benefit of all
The government needs to tighten up on the licensing like it has in the financial servies markets and not just use monetary policy and rely on participants to sought it all out in the court room
The RBA whilst admitting there is an oversupply of unit development and increased borrowing related to housing provides no responsible framework of protectionism other than a word or two of caution to the paye
