Business
BoQ takes $175m provision for souring loans – The Australian Financial Review
Bank of Queensland modelled the impact of the coronavirus pandemic on employment, falling house prices and the “increased duration” of the economic downturn.
It expects property prices to have fallen 6 per cent over the same period, and a 5 per cent fall this financial year, before a rise of 5 per cent in 2022.
Commercial property prices are expected to have fallen 10 per cent , and a further 5 per cent over the coming year.
The lender has given a 20 per cent chance to a steeper 7.5 per cent fall in unemployment, a 10 per cent fall in property prices in 2020 that will extend to a further 7.5 per cent decline over the coming year, and a 15 per cent …
-
Noosa News24 hours agoWest Coast Eagles draftee Josh Lindsay wants to carry on Troy Selwood’s legacy
-
General10 hours agoGrieving parents of 4yo boy who drowned in Officer suing Melbourne Water, Cardinia council
-
Noosa News21 hours agoStorms hit Noosa | Noosa Today
-
Business23 hours agoThis ASX mining stock has soared 479% in just one year and high-grade gold hits are now flowing in