The plunging property market will put a number of small businesses at risk, particularly start-ups that often secure finance using the value of their homes, according to Rob Lamers, CEO of Oxford Funding, a subsidiary of Bendigo and Adelaide Bank.
New reports have shown that Australian families are struggling to make rental payments in the financial crisis, with many being laid off from their jobs and evicted from their houses. More than 7600 people have lost their homes in NSW while a further 28,000 are struggling to meet repayments and are flocking to the NSW […]
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