Record fine strikes a blow against property spruiking

The Federal Court has fined property spruiker We Buy Homes and its director a massive $18 million for making false and misleading representations – the highest penalties ever imposed for contraventions of the Australian Consumer Law. A $12 million penalty…

Portrait of a property spruiker: ‘habitually careless with the truth’

Rick Otton launched We Buy Houses in Australia in 2009, promoting the idea that investors could buy a house for $1, without needing a deposit or a bank loan. We Buy Houses also claimed the income streams its clients could…