Property spruiker Kaye a Ponzi scheme: "In the case of the above $400,000 unit, the fee on a $40,000 deposit bond/guarantee will be around 10 per cent, depending on the term. That gives leverage until settlement of up to 100 to 1 ($4000 gets 'ownership' of a $400,000 unit). Settlement can be up to 48 months. Some investors, on relatively low incomes, have done this five or six times, and are now awaiting settlement on $2 million worth of units bought off the plan for inflated values which they have no hope of affording. And because disclosure in property is unregulated and voluntary, there is no reliable information about the state of the market and zero governance of sales and lending practices."

Property spruiker Kaye a Ponzi scheme: "In the case of the above $400,000 unit, the fee on a $40,000 deposit bond/guarantee will be around 10 per cent, depending on the term. That gives leverage until settlement of up to 100 to 1 ($4000 gets 'ownership' of a $400,000 unit). Settlement can be up to 48 months. Some investors, on relatively low incomes, have done this five or six times, and are now awaiting settlement on $2 million worth of units bought off the plan for inflated values which they have no hope of affording. And because disclosure in property is unregulated and voluntary, there is no reliable information about the state of the market and zero governance of sales and lending practices."