- 3 January 2017
The Truth
Dear Club Member,
Can you please help me?
There is an article that was written by a journalist (John Rolfe) that concerned a development located in Craigieburn Victoria where, from Property Club's perspective, it is important to set the record straight.
Property Club does not have the capacity to ascertain whether a builder is going to go broke or not, the banks do the best they can when vetting commercial transactions, yet sometimes get caught when a customer fails.
There are numerous authorities that work to keep businesses on the right track and solvent.
It is a fact of life that some businesses do fail and this is an example of that and under no circumstance can the Property Club be blamed for the builders collapse.
It is well-known that holding residential property for a couple of decades will always provide a good result... it is always best if held for the long-term.
Mr Rolfe in his article has suggested that your Club does wrong, by promoting this well validated mantra!
It seems that these damaging articles are an ongoing attempt to damage the reputation of your Club and to persuade potential members to not join the Club.
The facts are simple, a Club member will not be permitted to buy a property with the bank's money if the bank's valuer does not agree with the purchase price... it's that simple.
The Club has no influence over the banks or the valuers, the Club goal is to assist as many members as possible to enjoy the long term benefits of owning multiple rental properties for their future wealth.
The Club is a great institution that since 1994 has many very happy investors which include thousands and thousands of happy club members.
Since the Club started in 1994, it has helped thousands of happy club members purchase over 20,000 properties.
If you are as outraged and we are about this type of news story then please assist to register your disgust about the news story and demand it be removed from the internet once and for all by adding your name to the petition below.
Thank-you for your assistance!
Kevin Young Property Club Founder
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