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Macro Realty Developments' guarantees for its Newman Estate drew the ire of the consumer watchdog.

Watchdog to shut down property agency

A Pilbara-focused real estate agency in Victoria Park has had a supervisor appointed to its financial operations and will be wound up under orders from the Department of Consumer Protection.

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Singapore
I am among hundreds of other investors that lent funds to Macro for Pilbara at 17%pa. Understand that investors are initiating legal proceedings against Macro. What are the odds of my money coming back? Or how could I convert my loan to some form of asset ownership? Any information or update will be appreciated.

france
I am in the same situation, but I am wondering whether being part of the lawsuit will actually allow one to get back one's money, or whether it will just be pouring good money after bad. What protection dos one have, if any, if one does not join the lawsuit?

uk
Macro Realty Developments no longer in business. Offices locked up no staff employed, all made redundant. Never see money again

Perth
Sorry to hear another property failure has left lives in ruin. But if you were chasing returns of 17% when the best a bank can give is 3-4% then surely that should send the alarm bells ringing very loudly.

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