Exploitation of Older Australians with Dementia
Concerns about the exploitation of older Australians have risen after a Sydney real estate agent purchased a home at a significantly undervalued price from a man living with Alzheimer’s disease.
A real estate agent, Rachelle Norah, was suspended for 12 months and fined $11,000 for buying a home from a vulnerable 82-year-old man for $500,000 under market value.
The agent argued that she did the right thing when she purchased the home for $600,000 at a significantly undervalued price in April, 2023.
The NSW Civil and Administrative Tribunal upheld the decision, ruling the agent engaged in misconduct and took advantage of the man for her own personal financial benefit.
The case highlights the need to protect older people with dementia from exploitation and abuse.
Autor's resume: Dementia increases abuse risk.