Blogotariat

Oz Blog News Commentary

Aussie banks force distressed property investors to sell

July 10, 2020 - 13:00 -- Admin

Data from the Australian Prudential Regulation Authority (APRA) shows that banks have deferred 18% of small business loans worth $56 billion in response to the COVID-19 pandemic. Morgan Stanley has warned that that many businesses in Melbourne that have been forced to shut down for a second time may never re-open, particularly smaller ones. The

The post Aussie banks force distressed property investors to sell appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]