Gold Coast real estate agent

Gold Coast real estate agent fined $1.5M for ‘misleading’ consumers

PHOTO: Pimpama, Gold Coast – Queensland

A Gold Coast company’s been slapped with a massive fine, for scamming 18 people in a property scheme.

The Queensland government’s released information about the company, ‘Key to Australia’ Pty Ltd, which traded as a real estate agent, financial advisor, auctioneer, and mortgage broker.

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The company and its sole director Mr Graham Scarrott were conjointly charged with 18 breaches of the Australian Consumer Law, for ‘making false and misleading representations about the land’.

It’s understood the company marketed residential housing lots in Pimpama as investment opportunities for people in New Zealand and Victoria.

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