How to Fast Track your ID for brokers & the latest SCAMs

How to Prepare your ID documents for your broker PLUS some of the latest SCAMS

Today I want to share with you a guide on how to prepare your ID documents for your broker, so they are acceptable to the lender who is reviewing your loan.  This is relevant whether you are buying a property or refinancing.
I also want to share with you some of the latest Scams ACCC is seeing – scary stuff!
Click below for more information.
NB This advice is general in nature and please read our full disclaimer on the link below

SCAMs often involve stealing your identity so it is important to be aware of them as your ID is so intrinsic to buying a property and getting finance.  Sometimes it is not until a person applies for a loan that they realise their identity has been compromised so it is important to be aware and diligent about keeping your personal information safe.

Rental Scams targeting more Australians during the pandemic

This scam targets people seeking rental accommodation by offering fake rental properties and convincing them to hand over personal information and an upfront deposit to secure the property, promising to hand over the keys when the payment has been received and information provided.   The scammers impersonate real estate agents and organise fake inspections and then the victim will arrive to discover the property doesn’t exist.
It is important to try to view the property before handing over any information or money, and in states where this has been difficult during COVID, there are some things you can do to protect yourself.

As at 21 September this year, Australians had lost over $300,000 to these types of scams.
Click here to read more
Threat based scams targeting young people and the Chinese community
Australians have lost over $8.8 million to threat-based scams so far this year and young people are reporting the highest losses.
The most common of these scams are the phone calls which intimidate people by pretending to be from Government Departments, officials, police, ATO, etc, and demand payments to avoid such things as being arrested.  Young people are disproportionately being targeted as are people with English as a second language.
Scamwatch has received over 18,000 reports of these scams this year, an increase of 40% compared to reports across all of 2019.
When people think they are dealing with someone official they will often feel they have to share personal information, hence this leads to identity theft and then falling victim to future scams.
Click here to read more and learn more about managing these Scams.

Anyone who suspects they are a victim of a scam should act quickly to reduce the risk of financial loss or other damages.They should contact their bank as soon as possible and, if relevant, contact the platform on which they were scammed to inform them of the circumstances.
IDCARE is a free government-funded service which works with victims of identity theft to develop a specific response plan and support them throughout the process. You can phone them on 1300 IDCARE (432273) or visit their website
You can subscribe to Scamwatch Radar @ to keep up-to-date.
Source:  All the above commentary is from ACCC

I hope you enjoy your weekend (a long one for some of us!) and if you would like to get in touch to discuss any of your property or finance matters in a one-on-one consultation, please reach out and book a time here.
With thanks,