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 OZschwitz: ‘Vulture’ investors circle drought-stricken farming towns: wanker-agents

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OZschwitz: ‘Vulture’ investors circle drought-stricken farming towns: wanker-agents Vide
PostSubject: OZschwitz: ‘Vulture’ investors circle drought-stricken farming towns: wanker-agents   OZschwitz: ‘Vulture’ investors circle drought-stricken farming towns: wanker-agents Icon_minitimeMon Feb 03, 2020 6:47 pm
City-based investors are lobbing lowball offers for properties in regional Australian towns that are running out of water.

OZschwitz: ‘Vulture’ investors circle drought-stricken farming towns: wanker-agents MIN_4522_xejpez

The bargain-basement bids add insult to injury for drought-stricken areas already struggling with weak economies.

Dozens of towns across the country are at risk of running out of water or have run out already amid the ongoing drought, and scientists have warned that climate change makes the effects of droughts stronger and more damaging.

Near Queensland’s southern border, Stanthorpe Landmark Harcourts agent Julie Clark said she’d had to fend off too-low offers from buyers in bigger cities.

“People ring up and make enquiries and make offers of ridiculous amounts of money because of the drought,” she said. “The vultures have been circling.

https://www.domain.com.au/news/vulture-investors-circle-drought-stricken-farming-towns-agents-925102/
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