FYI,
https://www.facebook.com/watch/?v=696744557435750
For anyone who isn't on Facebook the link is to a news item on 7 News re. financial stricken land owners panic selling sections and losing tens of thousands of dollars in the process. Plummeting values is the issue where blocks worth say $400K in 2017 are now worth $350K and banks forcing the hand of the owner to stump up with more deposit etc. One owner was told they needed to find $110K and face daily penalties = 1000 blocks up for sale.
cheers,
Donna
https://www.facebook.com/watch/?v=696744557435750
For anyone who isn't on Facebook the link is to a news item on 7 News re. financial stricken land owners panic selling sections and losing tens of thousands of dollars in the process. Plummeting values is the issue where blocks worth say $400K in 2017 are now worth $350K and banks forcing the hand of the owner to stump up with more deposit etc. One owner was told they needed to find $110K and face daily penalties = 1000 blocks up for sale.
cheers,
Donna
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