Oz Blog News Commentary

Australian housing deposit insurer collapses

March 7, 2018 - 12:01 -- Admin

Via the AFR: A leading national property finance company has collapsed potentially leaving an estimated 10,000 residential, commercial and property investors in the lurch about the fate of nearly $300 million worth of deposits. Deposit Power, which provided interim finance to property buyers, has closed its doors after the collapse of New Zealand’s CBL’s insurance,

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