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The Guardian - AU
The Guardian - AU
National
Henry Belot

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

NDIS signage
Social media ads seen by Guardian Australia, which often used NDIS logos, promised high annual returns for each specialist disability home. Photograph: Mick Tsikas/AAP

Industry insiders and corporate watchdogs have warned that “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.

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