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

Ads and emails making misleading claims about investment in specialist disability accommodation may breach consumer law, watchdog says

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Industry 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.