Handwritten signs posted around Canberra's inner north have been removed by the ACT government, who say anyone making contact with the advertiser should take care to check his legitimacy.
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The signs, which appear to be targeting migrants, spruik the possibility of owning a home without a bank loan and include only a mobile phone number as contact details.
A Justice and Community Services spokeswoman said city rangers had removed seven of the signs from Dickson, Braddon and Lyneham.
She said the rangers removed the signs because their locations did not comply with regulations, not because of what was written on them. But if the person offering the service avoided answering basic questions, the deal was probably a scam.
Anyone who called the number should ask the advertiser's name, address, which company they represent and who owns the company, she said.
If the advertiser refused to answer those basic questions, the spokeswoman advised people to hang up the phone immediately and to not make contact with the advertiser again.
"Even if they answer all the questions, remain cautious and do your own research to verify their answers. Do not sign any agreement until you are ready," she said.
The spokeswoman said the Office of Regulatory Services was unable to confirm whether the signs were part of a scam, but consumers were advised to be cautious in any dealings related to taking out a loan.
"Vulnerable people in the Canberra community are most often at risk of being targeted by scammers," she said.
"The Office of Regulatory Services urges people to warn their family and friends about the possibility of being scammed and to be wary of offers that sound too good to be true."
Several attempts were made on Friday to contact the advertiser using the listed phone number, without success.
Neither ACT Policing nor the Australian Competition and Consumer Commission were able to provide further information.