Scamwatch 21st Sep 2020
Rental scams targeting more Australians during pandemic
Dear radar subscriber,
Australians have
lost over $300,000 to rental and accommodation scams this year, an increase of 76 per cent compared to the same time last year.
Scamwatch has received 560 reports of rental scams so far this year,
an increase of 56 per cent, with many using tactics related to the COVID-19 pandemic.
These scams target people seeking new rental accommodation by offering fake rental properties to convince people into handing over money or personal information.
“Scammers are offering reduced rents due to COVID-19 and using the government restrictions to trick people into transferring money without inspecting the property,” ACCC Deputy Commissioner Delia Rickard said.
The scammer will post advertisements on real estate or classified websites or target people who have posted on social media that they are looking for a room.
After the victim responds, the scammer will request an upfront deposit to secure the property or phish for personal information through a ‘tenant application form’, promising to provide the keys after the payment or information is provided.
The scammer may come up with excuses for further payments and the victim often only realises they have been scammed when the keys don’t arrive and the scammer cuts off contact.
Some scammers will even impersonate real estate agents and organise fake inspections, victims will then arrive to discover the property doesn’t exist or is currently occupied.