Thursday 19 October 2017

Borrowing binge to fund property investments has led to tsunami of debt

A borrowing binge to fund property investments led to a tsunami of death
A borrowing binge to fund property investments led to a tsunami of death
Charlie Weston

Charlie Weston

The country's respected, middle-class professionals are in trouble. Big financial trouble.

They went on a borrowing binge during the property bubble and these investments have gone sour.

The upshot now is a tsunami of debt defaults.

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