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Life on the land in Australia

ANZ moratorium on farm foreclosures in drought-hit regions of Queensland and NSW is welcomed by farmers but other banks have not made any moves to do the same.

The ANZ Bank will soon introduce a 12-month moratorium on forced farm sales in areas of crippling drought throughout Queensland and New South Wales. But the National Australia and Commonwealth Banks have fallen short of matching ANZ’s pledge. There’s still concern that banks haven’t done enough to help farmers in drought. Northern Gulf Graziers Group […]

December 14th, 2014
Topic: BANKS CREDIT UNIONS, DROUGHTS FLOODS, MORTGAGES, REPOSSESSIONS Tags: , , , , , , ,