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The Guardian // World

‘It is immoral’: Australian investors warned about ‘cowboys’ promising unrealistic returns on disability housing

Monday 11th November 2024, 2:00PM

Ads and emails making misleading claims about investment in specialist disability accommodation may breach consumer law, watchdog saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastIndustry insiders and corporate watchdogs have warned “cowboys” making unrealistic promises about investments in disability housing may be breaching consumer law, while urging extreme caution from investors.Social media ads and emails with misleading claims about returns continue to circulate several years after regulators first expressed concern, in part due to extensive media coverage. The claims often appeal to a sense of social responsibility. Continue reading...

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