Cyber security alert: Aussie at risk of losing home deposit

Broker Daily Podcast Network

Australia's property market is increasingly facing digital threats, and it's buyers who remain unaware who are most at risk.

In this episode of Broker Daily Uncut, host Phil Tarrant chats with mortgage expert Eva Loisance about the rising cyber security scams targeting property deposits.

Loisance explained how scammers use email spoofing to redirect funds, sometimes intercepting hundreds of thousands of dollars from unsuspecting buyers.

She emphasised that simple verification steps, such as calling to confirm bank details or conducting small test transfers, can prevent costly mistakes.

The conversation also highlighted the evolving role of mortgage brokers, who must now guide clients not only on loans, but also on security and long-term portfolio planning.

Outdated lending models and prematurely complex structures can leave investors exposed, so brokers are increasingly focused on tailored, strategic advice.

With first home buyer activity surging – particularly in the unit market – understanding market trends and risks has never been more crucial.