Deposit bonds spike amid interest rate rise
Opportunity for brokers amid six client scenarios
Source: brokernews.com.au
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Opportunity for brokers amid six client scenarios
Residential construction companies in Australia have been toppling like dominoes, and this has left many depositors in a very difficult financial position.
An Aussie construction company, Snowdon Developments, was saved less than 24 hours after collapsing after it was purchased by Victorian construction company, Mimosa Homes.
An Australian building company has collapsed owing $18million, with 52 staff fired and more than 550 homes at risk of not being completed.