Ab OzB site sidebar ad offered a $100 Bunnings voucher
for signing up for & completing a 45-min webinar (by
both phone + online).
Short sign-up asks for name, eMail address, phone no
(but accepts only mobile tel no'a), & [later] income
(by selection of a range).
Purported FaceBook page had NO likes when we checked.
Has anyone had such an offer? Are they legit?
Did you get the promised voucher?
Is there buying proposition plausible?
Don't waste your time (& your money if you're interested for more than just the voucher!) - ASIC search shows that: Arion Group Pty Limited ACN 163 361 144 ….Under External Administration…..An ASIC insolvency notice is present on this company…. Administrators Appointed 22 June 2014.
NB The ad is still listed - perhaps it should be removed?
Same guys listed as running Arion as on the Cotton Park development website. How do these muppets get away with this sort of scam!just looked at the risk disclosure download on the website and noticed a couple of huge warning signals.
1 they don't own the land
2 it's not approved for the development they are selling options over
3 people will only realize they have been ripped of after 5, 7 or 10 years.
Like the Commonwealth Bank ASIC won't act on this sort of rubbish until it is way to late.
Had a webminar with them last month. Still waiting for the $100 Bunnings giftcard. anyone did one webminar and received it?
Did you receive the terms and conditions. I completed the webinar and bought a LTSC and received my voucher. I think too many people are hoping for a free $100.00 which is ridiculous when you consider it. The company sent me the terms and conditions which I might add were also on the site at the time I posted my enquiry. There are numerous terms regarding the vouchers people should read them first before making baseless claims about the company and the development. I went to the development myself and sought independent legal advise. This is legit for legit investors. If you are looking to invest you will get your voucher and you learn something from it.
Yeah same thing leehungfel, did the webinar way back in July 2014 or whenever it was, and they never sent the $100 Bunnings voucher.
Thought the deal sounded and pitch was not suited to me, and really didnt feel comfortable., so didnt go ahead with it, and this may have been a reason why they didnt send the voucher.
the advertisement says you will get your $100 but they lied. I attended it and I never get my voucher. Asked the guy he says you need to attend another one to get it, and send me a crap terms and conditions which never appear anywhere in the advertisement. In fact in their email to me, it says attend webminar, singular.
I've filed a complain to Fair Trading to avoid others being scammed the same way.
Asked the guy which areas do you currently have any properties available and he can't tell me.
I won't trust my money with people who cheat with $100.
If you look closely, this guy set up many sites and even news site referred to in the first comment here is registered under the same company (or linked).
The news about the estate in melbourne seems to be a fake one, modified from actual news.
Did you bother to bread the terms posted on the website and offer page. I also received the offer terns in the mail the same day.
I did the webinar out of genuine interest (once) just to hear how they were trying to structure the deal and didn't get my voucher, so I politely called up and explained that I'd done the webinar and was told by Aaron that 'it's in the post', then receive an email a few days later saying someone was sick and they had the gift cards but they hadn't been posted.
I stressed that they should be sent registered post because if I didn't receive it, I'd be asking for another until I did. I still hadn't heard anything so emailed last week and got a reply on Tuesday saying they'd posted it and gave me the registered post ID.
I hadn't received a slip saying to come collect, so I went to the post office about 30 mins ago and gave them the number - the address was conveniently wrong with a big "Return to sender" note on it so I suspect they were hoping it would RTS.
I haven't tried the card yet so who knows, it might be an empty card.
If you're waiting for your gift card, I'd suggest calling and insisting on registered post too and point out the reviews on the forum.
I got mine registered post about three weeks after my secind webinar. Was suspect at first but think they need to send them registered post because too many dishonest people out there saying they never got them. I also found terms on the website and offer page. Don't know if I will buy but interesting opportunity.
got mine today after 1.5 months… anyway, satisfied.
I did my webinar with them, after reading the terms and conditions on the site and were sent to me by the company before i did my webinar. It clearly stated I needed to qualify for the voucher and it would be sent to me (21) Business days after completing my webinar. They sent me a risk disclosure document and outlined the information for me. There is nothing for nothing so if you attended the webinar only for the purposes of getting a $100.00 voucher than you should have read the T&Cs in the first place.After completing the webinars I was interested so I went to the development site myself to see it before i proceeded with my purchase of two LTSC contracts. It is a real development and I think to many of you are looking for something for nothing.
I received my Bunnings voucher by registered post and I am happy to say it worked.
Did you buy with vendor terms
I am not sure if to pay cash or take advantage of vendor terms. I understand if you don't wish to tell me
Yes I did after speaking with my lawyer he suggested I take advantage of these. you need to be careful how you structure these investment as they are a high capital gain product. I didn't have enough in my Super to establish a SMSF. However this would have been beneifical if i did
I received my Bunnings card in the mail after doing two webinars. It was sent registered post had to pick it up from post office which was a hassle. I suppose needed because people will say they never received them otherwise.I think LTSC contracts are a good idea and will probably go ahead after going to Melbourne last week and meeting with my lawyer on site this is a big project.
You should ask you legal advisor about these contracts and what it means. It turns out this type of investment has been around for years developers use this form of contract to buy large parcels of land.Also check with the metropolitan planning authority MPA in Victoria to confirm the planning on the site. It is approved for residential development. The growth out there will be worth it in time I reckon.
When ibfist looked at the site there are limited plans. However if you look intonit properly like you point out thebsitr is strategically located. State government is investing billions in the region. My lawyer referred me to a lawyer in Melbourne from network law. This guy is an expert at these. Were you looking at dual park terrace or a standalone home.
I did the 1st Webinar, and received an email letting me know I'd qualified for the voucher. Nothing received as yet though. It all sounded very interesting, but the fact the company is in administration set off major alarm bells for me.
Also just saw another LTSC ad offering a $50 JB Hifi Gift Card.
My lawyer checked this out, and the company isn't in administration this company has nothing to do with the development company at all. If you are really interested you should get your lawyer to investigate this as I did.
It's clearly obvious every single new account setup with a positive experience in this thread is associated with that spam company to get the rep up, and people will still probably fall for it.
Ill say this as a potentially large sum investor into this LTSC, I have had horrible experiences with the people working for this company. Spoke to a manager who blatantly lied to me. Attempted follow-up and didn't get a response. Id advise people to stay clear and have nothing to do with them.
I've received the $100 voucher with a consultant Aaron after 1.5 months.
However, I know other did not. the $100 bunnings voucher maybe is a mouse trap for most people. My parents did the webinar with a consultant Kerry. they got a quick response about further LSTC investments but have been ignored their response when asking about the $100 voucher.
So. I don't know coz i got mine. but i would but taking extreme cautious based on mine and others feedback about them
The reality about this is that they are effective selling little plots of land for a huge upfront fee (that they pocket). Development might come to that area - but it might be 20-25 years before that happens and the land sees any real appreciation in value. 10 years from now, you will need to either buy the land or give up the right to do so.
The plots of land are valued by them in the region of $100K or so and they charge a fee of $15-20K to facilitate the LTSC. I would guess they are valuing the land at about $300 per sq m today - very rich given that you could buy a piece of land in Frankston for the same valuation today. The real value of the land is probably $50-150 per sq m and you would be paying the 10 years from now price today in the LTSC.
So you lose 20K today and would be no better off 10 years from now as you would be buying the LTSC land at the actual market value (due to the current inflated valuation).
Do your own research and due diligence before parting with any of your hard earned money.
This People run away , no contact with them, no website exist from october , the website www.cottonpark.com.au and www.ltsc.com.au all disapper and mathew aird 1835 development no longer exist, guys any idea what legal action i can take against them . please advice me
Sydney mate 1835 Developments was put into liquidation last month and the real owner of the Cotton Park scam Craig Gore has fled the country. ASIC was aware of what these people were doing and failed to act. In fact the deputy chair of ASIC was questioned in the Australian Senate about 1835 Development company on the 3rd of June this year about whether Craig Gore was a shadow director but decided not to act on it. (Unbelievable but true). I have been informed that Cotton Park was an unbelievable sales success and that these criminals may have stolen more than $30 million dollars from Mum and Dad investors. Land banking is a proven scam and you should all avoid these type of investments like the plague.
Does anyone know who the solicitors for 1835/Cotton Park are?
Contact the ones marketing it, I'd suggest.
I got my voucher last year but I had to wait nearly 6 months after attending Webinar.
LTSC
Long Term Sales Contract
See
http://takeonproperty.com/4-a-day-property-offer/
Scam? Maybe, Maybe not, only way is to find out in 5 years when you have to settle on the contract.
Keep in mind this company is selling in Melbourne, but its 30km outside the CBD