Rogue real estate agents accused of deceiving landowners in scheme to sell to mates
A group of real estate agents at Raine and Horne Land Victoria is accused of deceiving landowners by undervaluing properties and selling them to associates for personal profit. The syndicate allegedly engaged in 'flipping' properties to generate significant windfalls without disclosing conflicts of interest.
Why it matters
The allegations highlight potential systemic issues in real estate ethics and the lack of regulatory oversight in property transactions on the city's fringes.
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Share A A A A group of rogue Port Melbourne real estate agents has been accused of deceiving landowners in Melbourne’s outer suburbs by repeatedly undervaluing their properties and then selling them to friends or business associates without disclosing personal links to vendors.
The small syndicate of agents within Raine and Horne Land Victoria is also accused of attempting to resell the land to make massive windfall profits, by relisting it at inflated prices and aiming to close the deals before the original settlement window ends.
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