Inside the NAB probe into an alleged mortgage fraud abyss

by · Australian Financial Review

Angira Bharadwaj, , Joyce Moullakis and , Max Mason
Jun 27, 2026 – 5.00am

“From humble door-knocks to $11 billion in transactions. From one man’s dream to a platform trusted by over 100,000 customers. A journey built on vision, resilience and lasting impact.” That’s how the flashy highlights reel from the Property Investors Alliance described the company.

It was late September and the Property Investors Alliance had gathered its most loyal customers to mark two decades in business. Justin Wang, the company’s founder, addressed an enthusiastic crowd. His presentation showed a web of just some of what the company did – from accounting, to rental assessments to entirely managing a property for its owner.

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Angira BharadwajBanking and financial services reporterAngira Bharadwaj is a banking and financial services reporter for The Australian Financial Review. Send tips to @angirab.60 on encrypted messaging platform Signal. Email Angira at angira.bharadwaj@nine.com.au

Joyce MoullakisAssociate editorJoyce Moullakis is an associate editor writing across company news, policy issues, investment banking, private equity and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au

Max MasonCourts and crime correspondentMax Mason covers financial crime, courts and corporate wrongdoing for The Australian Financial Review. Send encrypted tips to maxepmason.14 on messaging platform Signal (tinyurl.com/MaxMason). Email Max at max.mason@afr.com

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