Dashdot’s collapse has raised fears more real estate-linked firms could come under pressure, with ASIC data showing 426 insolvencies in Rental, Hiring and Real Estate Services so far this financial year.
An outspoken property advisory’s collapse has sparked fears more real estate-linked firms could falter as Labor’s investor tax shake-up hits already fragile businesses.
Dashdot co-founder Goose McGrath, not related to McGrath Estate Agents founder John McGrath, told clients the business would enter voluntary liquidation on May 28.
In an open letter, Mr McGrath said Dashdot had helped more than 1800 Australian families buy more than 2800 properties and generate more than $540m in wealth since launching in 2019.
RELATED: China-based…