Don't know if it's been news in NZ or elsewhere outside of Australia but Henry Kaye (33 yr old, property investmentor - educator) has had 2 companies go into liquidation in the last week.
This is big news here in Aus., ASIC (Aus. Securities & Investments Commission) has been chasing him for some time. He's fought back but obviously the pressure to conform to their standards has been too much!
The media say this is an indication that the property market is on the way down....watch out builders, investors, etc. It's amazing the scaremongering going on here and the Government are not shy in pushing their views - that there is too much personal debt thru property ownership and therefore we are pushing up the interest rate to curb it!
Regards,
Donna
This is big news here in Aus., ASIC (Aus. Securities & Investments Commission) has been chasing him for some time. He's fought back but obviously the pressure to conform to their standards has been too much!
The media say this is an indication that the property market is on the way down....watch out builders, investors, etc. It's amazing the scaremongering going on here and the Government are not shy in pushing their views - that there is too much personal debt thru property ownership and therefore we are pushing up the interest rate to curb it!
Regards,
Donna
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