Forum Replies Created
Hi Half back
If you look on this same forum but under ParkTrent it will give you some idea
Cheers
Thanks ColB
for your honesty I too have been rubbing my head as to how this company has got away with what I feel could be somewhat questionable ethical behaviour? I also wondered if others are just scared. I have tried many avenues such as ACCC, Office of Fair Trading both QLD,NSW and the Australian Securities Commission and all seem to pass the buck onto each other and somehow Parktrent slips under the radar and avoids any review. It is only now that I have started commenting on this forum that I realise I am not the only one in this situation.
We left a fixed interest rate loan and comfortable mortgage to go with EasyPlan who gave the impression that it was in our best interest which then hit us up with exuberant fees and costs as well as poor customer service along the way.Please understand It is not that we were ill prepared we had other investors look at the figures provided by EasyPlan and Parktrent which in the end proved to be false and misleading? My wife is also an accountant so figure that out? Unfortunately trusting this company was our downfall here and we too soon had a loan for a house that had not even been built yet? I cannot even remember them showing me and signing the $30,000 commission document made from these sales ( they are good) my property accountant nearly fell over.
I think the more unhappy customers that make a complaint to ACCC and the office of fair trading that they may finally take action
My gripe now is the unethical behaviour of this company praying on other unwary investor s and hopefully this forum has helped out. As you are aware from my previous comments that we stupidly invested in two properties with Parktrent and are at risk of-loosing a $23,000 deposit paid to Parktrent due to Easy-plans poor financial advice and questionable behaviour and we cannot on-sell due to a clause that has been written in the contract. It is not that we do not have the equity it is that they have sold us a high risk development? We boycotted the Gala dinner to at least get $200 bucks back from my investment. Feel free to email me on the following email and discuss further [email protected]
Hi Linar and Coriander
I have also had a look at our contract and the finance component has also been crossed out and I do not believe we signed or initialled this prior? I believe the contract I have here is the contract that will be signed when we settle this month?
I am also concerned that the solicitors that we are currently dealing with (who were selected by Parktrent )have not been acting in our best interest along the way and we have had many unreturned phone calls in regard to the contract.
Coriander i have also sent you an email as our email address was wrong it is[email protected]
Cheers
Hi Coriander
it sounds as though you are settling on maybe the same studio apartment in Carlton that we are? We have had the same issues and have been trying to decide what to do for the past 6 months with no help from Easyplan it seems that they have been quite happy prolonging the process and yes we have had the run around since signing the dotted line similar to your self we have been hung up on etc from staff members If you would like to contact me in regard to this further please email me on [email protected]
another unsatisfied customer
Woodys girl you've won me!
Just upholding what a great job ParkTrent are doing, I would like to mention that we have just been advised by our bank that the 2nd investment property purchased through Parktrent which is due for completion mid November is a high risk development and that mortgage insurance will now need to be taken out if we want to go through with this sale (only another $14,000. ) This definitely upholds your belief "that they were able to help us in the difficult task of selecting an investment property "
However, I am sure that if we went through Parktrents EasyPlan finacial professionals and brokers for a second time that it would have been approved unfortunately we may have been conned once but not that silly.WG the professional sales representative at PTPG also mentioned that we could sell prior to completion when we placed the $23,000 deposit down for this property and some how forgot to mention the clause in the contract stating that we were unable to sell prior to the completion, just another clause not noted by our solicitors. Which WG upholds your other statement "we have been able to get the support we needed every step of the way" It is also amazing that two legal services and finacial service that we have dealt with have been hand selected by ParkTrent to provide us with helpful advice? None of which I have seen, it has taken numerous non returned phone calls and letters to even find out if this property could have been sold prior to development.
I am glad that the moderator has taken on the sound advice from many and allowed some honest feedback to remain as I too was starting to believe that may have their hands in this pie too.
To answer God O Monies question yes they have been reported to the QLD and NSW Department of Fair-Trading but they seem to sneak under the radar each time. I even had an ex property manager call me personally on my phone and provide information in regards to the questionable behaviour of this company figure that out?
My next question is can someone provide me with some honest advice? We are now in the situation where we will not be able to proceed with this fantastic investment property as stated by WG? and lose our deposit of $23,000 as no reputable bank will give us the financial support, as for some reason I do not wish to use the financial services and advice of this company again.
So I ask can I claim this as a tax loss for next year?Hi Leonie
Hopefully you have noticed the large proportion of comments listed here have been removed due to questionable content on behalf of Parktrent which should make your decisoin easier. Unfortunately we had unsavoury dealings with this company. We felt that once they had our business and money that we were just another number and there was no customer service. The Office of fair trading NSW also has this company listed on their files and to obtain a more inside into it Google Ron Cross and read some of the articles. Hopefully this will be posted and not removed for Parktrents benefit.
Cheers
