The AFR records a cautionary tale today:
An investor who purchased an off-the-plan “dream home” in Brisbane from cold-calling property spruikers lost more than one-third of its value when he resold, despite several years of booming residential property markets.
Mal Jones, a father of three, says he was persuaded by a “free” trip to Queensland with his wife, Michelle, and persuasive pitches about tax breaks, leveraging and confident predictions about future growth.
