ANZ pulls sponsorship of investor groups that sent members offensive tutoring video

  • The country’s biggest bank has terminated its sponsorship of the Auckland Property Investors Association (APIA) amid fallout from a tutoring video encouraging investors to target desperate homeowners.

The video, by Auckland property tycoon Ron Hoy Fong, urged buyers to look for the “seven Ds” – which included deceased estates, divorcees, dummies who don’t know the value of their homes and desperate families facing tight deadlines or mortgagee sales.


Property investor Ron Hoy Fong, outside one of his properties on Gillies Ave in Epsom. Photo / Jason Oxenham